gbattini_STA

EuroStoxx50 Tech. Analysis - Nov 13th 2015

INDEX:MOY0   Euro Stoxx 50
The index broke its uptrend, creating a new resistance (Aug 10th and Nov 6th), then pulled back to it (Nov 11th) before taking a downward orientation, closing on the support of 3360.
The next retracement suggest a 3297-3310 zone (38.2% retracement to mid tall candle of Oct             22nd).
The next support would take place at 3238 (50% Fibonacci) then 3180 (61.8% Fibonacci).
The RSI and momentum indicators are not clearly confirming a downtrend to come, but the MACD does.
There is a lot of mixed signals at the moment, not giving clear indications of what to expect.
Stay off the market if not holding any position. Long holders can take some profits with a view to potentially buy back lower at a later stage.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
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