Short term view - COLRUYT SA : Prices are breaking above the moving average, it is a sign of strength.
The previous high has been passed, the bullish trend is confirmed. The next target is at €48.47. The invalidation level is below €43.48.Arguments :
- The resistance has been passed.
- The major resistance has been breached.
- The 62% retracement is causing the bounce.
- Prices are breaking above the moving average, it is a sign of strength.
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