Synthesis
Pivot point : 39.40
Our preference : long position above 39.40 with targets at 47.00 & 49.00 in extension.
Alternative scenario : breaking 39.40, a continuation of the decline will be possible with 37.40 & 35.10 in sight.
Comment
The RSI is above its 50% neutrality zone.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices on 12/28 | 45.79 |
| Basic trend | Neutral | Pivot | 39.40 |
| Bracket 1 | 39.40 | Additional distance 1 | 1.21 |
| Bracket 2 | 37.40 | Additional distance 2 | 3.21 |
| Resistance 1 | 47.00 | Additional variation 1 | +2.64% |
| Resistance 2 | 49.00 | Additional variation 2 | +7.01% |
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