(CercleFinance.com) – Renault (-6%) resumes its slide and threatens the bearish oblique support of 24.2E, which brings its decline in 10 sessions to -38%.
The break of the major support at 27.5E (sanctions against Russia, probable cessation of Lada’s activities, lack of parts and possibilities of financing Avtovaz) raises fears of a corrective episode ending with the test of the main support located around 21E, the former major floor from 06/24 to 10/29/2020.
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