Short term view - HEALTHCARE (STXE600) : The moving average is supporting prices.
Prices were consolidating in a pattern. They broke above the highest threshold of that pattern. The trend becomes bullish. The target is at 777.54 pts. The invalidation is below 735.52 pts.Arguments :
- The 62% retracement is causing the bounce.
- The moving average is supporting prices.
- Prices are breaking out of the channel.
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.