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Longcac

France 40 is priming up for strong upside to 8,673France is definitely setting itself for upside to come. We have positive data from the love country including: 📈 Oversold Conditions The CAC 40 was heavily sold off — now it’s ripe for a bounce. 🏦 ECB Rate Cuts Lower interest rates fuel investor appetite for European equities. 💼 Strong Corporate Earnings French companies are reporting resilient profits despite volatility. 💰 Foreign Investment Flowing In Global funds see value and are buying the dip in France. Technicals also look great including: W Formation is forming but hasn't broken the neckline just yet. Price>20 and 200MA Target 8,673 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:F40Long
by Timonrosso
Slow upside for France - But is it inevitable to 8,645?France and Germany and I guess Europe in general is just slow. Lifestyle is slow and steady, not major developments. Life continues with a somewhat socialistic form of living. And so moves the indices in Europe the same way. We established a Cup and Handle, and was waiting for a breakout above the brim level. Which We kind of got. But now we are in consolidation mode, and we can expect some sideways before it breaks out of what looks like a Descending Triangle. The funny thing is Descending Triangles generally have breakouts to the downside, but we are anticipating it breaks up. Biased maybe. Intuition - Yes. Cup and handle Price>20 and 200MA Target 8,645 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:F40Long
by Timonrosso