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
Anticipation :
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.
| Close price | 172,19 |
| 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