The STOXX Europe 600 Telecom index is composed by 21 different equities among the telecom sector in Europe. The ....
Day By Day – Indipendent Research
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We are therefore positive in the short term and we expect the test of 258.20 points resistance in the coming sessions.
We set the invalidation of this opinion slightly below the 249 points support, a level confirmed by the 100-day moving average. Any pullback below this point would also mean a penetration of the descending resistance, therefore the invalidation of the scenario.
| Close price | 251.69 |
| 2 months Opinion | NEUTRAL |
| 2 weeks Opinion | POSITIVE |
| Resistances | 258,2 / 266,25 pts |
| Supports | 249 / 244,2 pts |
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Source: ETFWorld – Day By Day – Indipendent Research
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