Medium term view - BASIC RESOURCE (STXE600) : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. Prices just hit the resistance, it is probably resuming. The next target is at 324.70 pts. The invalidation level is above 473.65 pts.Arguments :
- Prices have pulled back to the major resistance level (previously a support). The fall is now resuming.
- The moving average is capping prices.
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