Short term view - CREDIT SUISSE GROUP : The 62% retracement has been passed.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at CHF 13.445. The invalidation level is below CHF 15.817.Arguments :
- The major support has been breached.
- The 62% retracement has been passed.
- The moving average is capping prices.
Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
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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