Short term view - NEXITY : Pulling back to the gap
The invalidation level has barely been broken. We wait a little before taking this signal into account.Arguments :
- The major support has been shortly breached, but it is now reinstated. Prices can bounce.
- Prices are breaking below the moving average, it is a sign of weakness.
- Prices will test the quality of bullish gap. As long as it remains open, consequences will be bullish.
Nexity in an integrated real estate group based in France. Co. operates in all areas of real estate development and services (residential real estate, commercial real estate, real estate services to individuals and real estate services to companies, distribution networks and client relations, major urban projects). Co. maintains a market presence across all industry cycles (short, medium and long). Co. serves three types of clients: individuals, companies and investors, and local authorities. Co.'s activities are conducted around four primary divisions: Residential real estate, Commercial real estate, Services and Distribution Networks, and Other activities.
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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