Short term view - INSURANCE (STXE600) : Pull-back
A correction is underway. The trend is not bearish anymore as the previous significant peak has been passed, but it is not yet bullish. We do not have two ascending peaks and troughs. The trend is neutral.Arguments :
- Prices are pulling back to the resistance level (previously a support). The fall will resume afterwards.
- The moving average is capping prices.
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