CAC 40: Our expectations: possible increase, after the breakaway of the diagonal resistance, 50 and 100 EMA. The sentiment is positive, possible long after correction to abtou 5170 and stop below the gap around 5114.
Alternative scenario: Eventual decrease below the diagonal or 50 or 100 EMA will bring additional negative mood, where we can position short.
Commentary: Price broke above 50 EMA, 100 EMA and digaonal resistances at the same time - strong bullish signal
Gap on the breakaway - strong bullish signal for stocks and indices
CCI(55) crosses above 0
Positive Price Action formation - engulfing bar and two small bars around its peak.
It is possible to wait for a better price with 2-3 points difference.
Стефан Д. Ангелов - Head of Stocks Trading
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