Technical Commentary : The Stoxx Europe 600 Insurance index is composed of the 32 most representative stocks of the European Insurance sector. ……
Day By Day – Indipendent Research
The short-term trend is thus clearly bullish. We set the invalidation threshold of this scenario slightly below the 169.50 points support, which reintegration would trigger a bullish trap, invalidating any bullish anticipation.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||174,7 / 182,4 pts|
|Supports||169,5 / 163,25|
Follow-up Analysys:On November 19th, we recommended the purchase of the FTSE MIB index. Since then, prices bounced as expected, and reached our 15810 points target.
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Source: ETFWorld – Day By Day – Indipendent Research