The Paris L'Oreal - Would I still make money, if I had bought the stocks of L'Oreal company 12 months ago? I would probably be laughing my head off, right now! Would I take all my profits off the table, right now?
The Trend Line A - In this situation, I would take some of my profits off the table right now, before sellers start selling with deep desire! See how the resistance line keeps pushing prices lower in the last 4 months!
The Bottom Line - Unless the stock prices of L'Orea company can break the trend line completely, stock sellers are likely to use it next time! Another technical stock market resistance demonstration above you can follow!
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- Before charting the CAC 40 Index, I had been curious about the next selling points. Where are French stock investors likely to sell next? Where was the last CAC stock index technical resistance?
