Short term view - CRH : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. It approaches the resistance at €30.158, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €28.000. The invalidation level is below €30.200.Arguments :
- The support has been shortly breached, but it is now reinstated. Prices can bounce.
- The moving average is capping prices.
- The reaction at the resistance is weak, we anticipate its break soon.
CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.