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Kevin_Tchoulfyan

CAC 40 - Wait for the 5440

CAC 40 Index (EURONEXT:PX1)  
Kevin_Tchoulfyan  
EURONEXT:PX1   CAC 40 Index
Support and Resistance Parallel Channel Oscillators
2
0
supportandresistance parallelchannel oscillator
The CAC 40 is in a positive trend within a parallel channel since beginning of July (which is also the case for the RSI)
5440 could be a good area to enter into this market for 3 reasons:
-In contact with the MM20
-Bottom of the parallel channel
-Support tested on August, 2nd

Target price : 5530
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