IPN.FR - Daily
Our expectations: Long-term upward trend and price after correction to support zone. Stop Loss: 137.90
Alternative scenario: Breaking and retention of the price below the support area will break the positive scenario and are more likely to see a decrease in the share price.
Comment: Upward trend with price after correction to zone of support, formed by main upside diagonal, horizontal, 50SMA and 23.6% Fibonacci trend correction. Price Action: Pin bar in the support zone - positive for the price. 50 and 200SMA remain beached - the trend remains in place. CCI14 crosses -100 from bottom up while CCI50 remains below 0 - probable end of corrective pulse.
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