Medium term view - JULIUS BAER GROUP LTD : The major support is close.
The trend is still neutral, but the consolidation shape reminds of a bearish reversal. Breaking below the support at CHF 54.90 would validate the existence of a bearish trend with an invalidation above CHF 65.40. The market looks like it is going through a distribution phase.Arguments :
- The major support is close.
- The moving average is supporting prices.
Julius Baer is engaged in private banking activities primarily in Switzerland, Europe, Asia and South America. Co. focuses in private banking, which includes certain internal supporting functions which serve entirely the core business activities.
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