Saint-Gobain Stock - In the last 12 months, what have French investors been doing? They have been investing more than money into Saint Gobain Company stocks. Where are they likely to sell next?
The €50 Resistance - It’s likely to face the trend line A. It’s likely to pull back by attracting new sellers. Round numbers can be powerful resistance. Ever take some profits off the table during an up trend?
The Bottom Line - Most technical traders take profits during an up trend. They usually use trend line A as a guide. They also usually use the round numbers as a guide. This is another example of resistance.
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