Technicals - Eurostoxx50 index sell signal generated

Angela Mangan

QMG Pty Ltd

The Eurostoxx50 index originally generated a technical buy signal at 2885 on 11/7/16 which was identified as the technical turning point.  This was followed by a secondary technical buy signal generated at 3029 on 9/8/16. The index has now completed a technical top formation / closed below key support which has generated a technical sell signal.

The index technical outlook has turned negative - the first trend change since July 2016.

The minimum downside target is located at 3350.

( The Eurostoxx50 index technical sell follows the sell signal generated by the CAC index on 15/6/17, with the downside target located at 4950, as highlighted in recent Wire).(VIEW LINK)


1 topic

Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter