The PUB Stock - In the last 12 months, it has been rising. French stock market investors have been buying PUB stocks. Also, French stock market traders have been selling PUB stocks. Notice the up trend line A?
The Up Trend Line - It’s technical resistance line. It looks long, powerful, and strong. Notice how many times it has been touched and pulled back? Those are the past selling points! How about the future selling points?
The Bottom Line - When approached again in the future, the resistance line is likely to create stock selling. The lesson here, during an up trend stock market, you can still slowly take profits. It’s just another example!
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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?
