Fibergeek

2018-06-23 - Proximus - When will the bearish trend end?

EURONEXT:PROX   PROXIMUS
Proximus ( PROX ) is still downtrending.
A volume peak occurred on the June 13, when turbo and sprinters were closed because the stop-losses were reached.

Basically, I expect to see some short-time but weak bullish price action.

BEARISH
We have to assume the downtrend is still in effect as long as there is no clear reversal signal.
Will Trump's trade war drive price even lower?

BULLISH
The price has entered a trading zone (yellow on the chart), which lasted from October 2013 to May 2014.
I expect this zone to act as support and I hope to see buyers stepping in the next coming weeks.