Report
Matthieu DRIOL

Short term view - AUTOMOBILES & PARTS (STXE600) : The support has been breached.

The previous low has been broken, the bearish trend is confirmed. The next target is at 526.70 pts. The invalidation level is above 566.70 pts.

Arguments :
- The support has been breached.
- The triangle has just been triggered.
- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
Provider
Day By Day
Day By Day

​​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.

Analysts
Matthieu DRIOL

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