Technicals - Eurostoxx50 index sell signal generated

Angela Mangan

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)


Angela Mangan

Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...

Expertise

No areas of expertise

European equities

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