Cac40: Pursuing the rally to 4701.32?

INDEX:CAC   CAC 40 Index
32 0 0
The CAC40 closed, yesterday, in the green after losing its grip for 3 consecutive sessions, since it has formed a morning star. The Bearish pattern induced a bearish market that has sent the benchmark to visit its EMA20. The benchmark rallied yesterday, breaking out 4660.43, having 4686 as a primary objective, which it was close to achieve. On the upside, the objective remains 4701.32, whereas breaking out 4713.41 will reject the morning star pattern, and trigger a rally with 4727.63 as a primary objective.

A bearish gap, at today's opening, and a breakout of 4651.77, will send the benchmark south to re-visit its EMA20, with 4605 as a primary objective.

The daily Pivot Point 4660.49. The daily support levels are around 4673.24 and 4599.19. The daily resistance levels are around 4698.54 and 4721.79.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out