Short term view - EDENRED : The bullish gap has been tested, the rally resumes.
The trend is still bullish, the invalidation level is below €27.30. The target is at €30.00.Arguments :
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving average is supporting prices.
- The bullish gap has been tested, the rally resumes.
- The reaction at the resistance is weak, we anticipate its break soon.
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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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