Ceconomy AG : A resistance as obstacle
May 08, 2013 at 04:03 am
By
Entry price | Target | Stop-loss | Potential |
---|
€24.74 |
€0 |
€25.46 |
+100% |
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After a technical rebound, the stock is showing signs of weaknesses near to the EUR 25 resistance.
Graphically, the share is in a period of technical rebound that allowed it to reach the EUR 25 mid-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rallying of the EUR 23 support area will be considered for upcoming sessions.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the EUR 23 support. The stop loss will be set above EUR 25.
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