STOXX50: Still at good place for buysHello,
The Eurostocks 50 is in a bullish correction forming an expanding triangle pattern. We still see an opportunity for investors who missed the entry at the bottom of the correction to join the risk averse trade once we have a strong breakout of the corrective pattern. The STOXX50 is coming close to the moving average being a further confirmation that we are setting up for an upwards move.
To reinforce our bullish bias, the MACD is showing signs of a zero bullish crossover. We remain aligned with our target of Eur 5980 on this.
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