Short term view - PERSONAL & HOUSEHOLD GOODS (STXE600) : The 50% retracement is causing the fall.
The previous low has been broken, the bearish trend is confirmed. The next target is at 825.80 pts. The invalidation level is above 879.11 pts.Arguments :
- The support has been breached.
- The 50% retracement is causing the fall.
- The moving average is capping prices.
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.