Short term view - PERSONAL & HOUSEHOLD GOODS (STXE600) : Towards the channel target
Prices were consolidating in a pattern. They broke above the highest threshold of that pattern. The trend becomes bullish. The target is at 852.79 pts. The invalidation is below 811.82 pts.Arguments :
- Prices are breaking above the moving average, it is a sign of strength.
- Prices broke out of the channel and the target has not yet been reached.
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