Technical Commentary : The Stoxx Europe 600 Real Estate index is composed of the 21 most representative companies of the European Real Estate sector.….
Day By Day – Indipendent Research
This index is evolving in a bullish trend, supported by the 200-day moving average and recently confirmed by the clearing of the 127.10 points major level. This event opens the way to a significant upside potential for the weeks to come. The trend is thus clearly bullish over the medium term.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||133,20/ 141,5 pts|
|Supports||127,1 / 123,4|
On December 3rd, we recommended the purchase of the Stoxx Europe 600 Insurance index. Since then, price accelerated after breaking out of the triangle and reached our intermediate target at 174.70 points.
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Source: ETFWorld – Day By Day – Indipendent Research