The Pernod Ricard NV - In the last 12 months, the value has gone up! French stock market investors have pushed the price higher. Unfortunately, the price has not gone pass the resistance!
The €70 Resistance - Clearly, it has attracted so many stock sellers. In the near future, it’s likely to attract stock traders to sell again. Why? Many French stock market investors have lost money here.
The Bottom Line - Technical stock market resistance is a safe place to take profits. It’s also a likely future selling point. The price chart of Pernod Ricard NV above is just another learning example!
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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?
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