Munich Re : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
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€0 |
€0 |
€139.6 |
+-NaN% |
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The bullish trend could come back in the coming trading sessions.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline led the share to EUR 142.3, corresponding to a bullish trend line and the 100-day moving average. Therefore, a technical rebound will fix an objective near to the EUR 152.2 short-term resistance, then to the annual high at EUR 158.6.
As a consequence, it is opportune to take a long position at the current price, in order to benefit from a new bullish acceleration towards EUR 158.6 in the medium term. A stop loss will be fixed below EUR 140.
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