The Selling Force - In the stock trading situation above, the stock traders of Michelin, have been taking their profits in the last 5 months. Would you still sell your stocks of Michelin here?
The Down Trend Line - It has been attracting French stock sellers to sell. It has been encouraging Paris stock investors to dump their stock holdings of Michelin. In the future, it’s likely to do the same.
The Bottom Line - Unless the down trend resistance line is completely broken on the way up, French stock market traders are likely to continue to sell, in this situation. Would you wait or sell?
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Do you have any great story about this CAC stock chart? ...
- 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?
