Short term view - AMUNDI SA : Weak reaction on the support
The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :
- The support has been reached, price reaction is very shy. It does not justify a positive opinion.
- The ascending support has been breached.
Amundi is a holding company. Through its subsidiaries, Co. provides advisory and investment management services. Co. provides savings, financial instruments, equity trading, credit activities, and investment solutions for both private individuals and institutional and corporate clients worldwide.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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