(CercleFinance.com) – Starting at 4,006Pts on 10/27, the Euro-Stoxx50 stalled below 4,196 and slowly consolidated towards 4,135: an increase of 190Pts in 5 sessions, it was a little rapid and it was normal that the Clue takes a breath.
In the event of a second bullish wave, a target of 4,250 would be preferred: it corresponds to a 50% retracement of the correction below 4,500 started on July 31… but significant resistance remains very visible between 4,215 and 4,220 (ex-floor tested 5 times from May 31 to September 20).
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
