Charts on the STOXX 600 also showed the pan-European gauge closed at a resistance level, 285, that capped the index twice in May 2011.
“If you’re long, you should stay long and set a stop loss, but if you’re not long it’s pretty dangerous to buy now,” Valerie Gastaldy, the head of Paris-based technical analysis firm Day-By-Day, said.
“If we consolidate now it will not be a very steep fall, but if we get to the 2011 peak at 292, that will be really overstretched.”
Wednesday’s open and the previous session’s high.She recommended setting a stop loss at 281, the higher end of a gap between
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Charts on the STOXX 600 also showed the pan-European gauge closed at a resistance level, 285, that capped the index twice in May 2011.
“If you’re long, you should stay long and set a stop loss, but if you’re not long it’s pretty dangerous to buy now,” Valerie Gastaldy, the head of Paris-based technical analysis firm Day-By-Day, said.
“If we consolidate now it will not be a very steep fall, but if we get to the 2011 peak at 292, that will be really overstretched.”
Wednesday’s open and the previous session’s high.She recommended setting a stop loss at 281, the higher end of a gap between