(CercleFinance.com) – ST-Micro strongly re-crosses 40E after an incursion the day before under the support of 39.8E on September 26 and October 4, 2023.
False breakout (within 2%, at 38.8E, it was too marginal to validate the scenario of a relapse to 37.5E) and reintegration of the ‘range’ 41/4/40E… we will have to wait for a clearer signal to identify a new directional movement.
Crossing 42.5E would validate a new bullish episode with a first objective at 44E.
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