Short term view - CONSTRUCTION & MATERIAL (STXE600) : The support has been breached.
The trend has been momentarily interrupted by a correction. It approaches the resistance at 416.12 pts, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at 381.48 pts. The invalidation level is below 416.12 pts.Arguments :
- The support has been breached.
- Prices are pulling back to the major resistance level (previously a support). The fall will resume afterwards.
- The moving average is capping prices.
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