Medium term view - BASIC RESOURCE (STXE600) : The major support is close.
The trend has been momentarily interrupted by a correction. It approaches the support at 435.10 pts, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at 545.50 pts. The invalidation level is below 435.10 pts.Arguments :
- The major support is close.
- The moving average is supporting prices.
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.