Short term view - UTILITIES (STXE600) : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. It approaches the support at 287.52 pts, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at 296.12 pts. The invalidation level is below 284.64 pts.Arguments :
- The major support is close.
- The moving average is capping prices.
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