SPIE: beware of confirmation of a breakout of 28.3E


(CercleFinance.com) – After a triple-top below 29.7E (June 14, July 3 and 13), SPIE fell below the small support of 28.5E on May 23 and headed for it at 27.75E on May 23.
But more fundamentally, it is above all the break of the oblique support of 28.3E that can make the difference: it is the base of the bullish channel – a real funicular of nearly +50% – initiated around 20.8E on September 28, 2022.
The next supports are at 26.7E (ex-high of March 3) then 25.3E or 25E, the ex-low of March 17 and 20.

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