Our preference: the upside prevails as long as 3893 is support.
Our pivot point stands at 3893.
Our preference: the upside prevails as long as 3893 is support.
Alternative scenario: the downside breakout of 3893 would call for 3132 and 2679.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4419 and 4275).
Supports and resistances:
6824 **
6367 *
5909 **
5452
4513 last
4191
3893 **