(CercleFinance.com) – Saint Gobain is starting a nice rebound towards 41E, this saves the crucial support of 39.5E and this allows to end the week in the green.
The annual loss is reduced from -36% to -33%, which means that the downtrend is still relevant: it will remain so as long as the price caps below 43.47E, the former breakout ‘gap’ of August 18.
If the double test of 39.5E can be the beginning of a bullish ‘W’, the pattern will only be confirmed beyond 46E.
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