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112.2 is our pivot point.
Our preference
Our next up target stands at 124.5.
Alternative scenario
The downside breakout of 112.2 would call for 108 and 105.5.
Comment
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 115.16 and 116.432).
Supports and resistances
129.6 **
127.1 *
124.5 **
122
116.7 (EUR-last)
113.9
112.2 **
108 *
105.5 **
Number of asterisks represents the strength of support and resistance levels.
