Short term view - TRAVEL & LEISURE (STXE600) : Weak reaction on resistance.
The previous high has been passed, the bullish trend is confirmed. The next target is at 282.00 pts. The invalidation level is below 258.60 pts.Arguments :
- Prices are breaking above the moving average, it is a sign of strength.
- The first target of the reversed head-and-shoulders has been reached, nonetheless, as the pattern reversed the trend, the rise may continue.
- The reaction at the resistance is weak, we anticipate its break soon.
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