Medium term view - AUTOMOBILES & PARTS (STXE600) : Prices are breaking below the moving average, it is a sign of wea...
The trend is still bearish, the invalidation level is above 575.34 pts. The target is at 464.20 pts.Arguments :
- The support has been reached, price reaction is very shy. It does not justify a positive opinion.
- Prices are breaking below the moving average, it is a sign of weakness.
- The first target of the head-and-shoulders has been reached, nonetheless, as the pattern reversed the trend, the fall may continue.
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