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duco1
Aug 11, 2020 11:24 AM

EURN looking bullish but arriving at strong resistance 

EURONAVEuronext

Description

Patience is the word with EURN, despite it looking bullish and fundamentals being good.
- It's inside the D cloud, first needs to break out of it, or find support at the bottom.
- Strong resistance at 8.7-8.9, let's see how it reacts there.
- Possibly might just fill the gap at 8.885 and then do a retrace.

Stay tuned!
Comments
Chaus96
That's a great call indeed. Very much agree with strong fundamentals. Let's see what the post-dividend chart shows us.
duco1
@Chaus96, Thanks. Now let's hope for some increases now that buyzone has been reached.
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