A technical rebound about to be confirmed for the CAC 40: the thresholds to watch to benefit from it
Every Thursday, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
To save an article you must be connected, so you can view them on all your devices.
Every Thursday, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
The Paris Stock Exchange is slowly recovering from the two months of decline since August thanks to fairly satisfactory corporate results and the rebound on Wall Street. Managers are cautious when approaching central bankers' decisions, even if a status quo is widely anticipated.
Graphically. The CAC 40 slid towards the 7,823/7,830 support zone with a low at 7,730 points. It has since rebounded to a high of 7,918.
The technical situation shows that the CAC is in a rebound phase: this Thursday at the opening it came out of a bearish channel which topped it up to 7,933 points. It should now reach its objectives at 7,980 points, or even 8,020 points. It would take a close above this level to initiate a new wave of increases to 8,090 points, then possibly push to 8,180/8,200.
On the other hand, if the CAC 40 comes up against this resistance, it will naturally return to test the support of 7,830 points. A breakout at the close would weaken the trend with a probable...
This article is reserved for subscribers. You have 40% left to discover.
Machine-translated from French
Not cross-checked yet
Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro29 Oct, 09:55
| Publisher Le Figaro (established tier) | +76 |
| Total | 76 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.