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Faes: at the base of a channel it is bought, not sold


The slow downward drip of the last days in Faes, puts you at the gates of the potential support area that by definition gives you the base of the canal.

Technical analysis

Short term

Medium term

Long term

Faes It is an impeccably bullish title that since the minimum of the end of December 2018 is embedded within an impeccable bullish channel. And after the slow drip of the last sessions we have the underlying behind the doors of important supports, as it is by definition the basis of the bullish channel: now at approximately five euros. From what follows that, in theory, any approach to the area of ​​approx. Five euros should be interpreted as a new opportunity to get on the shopping train as long as the support presented in the last growing minimum (minimum reaction), at 4.96 euros, is respected. Above, on the resistance side, we have this month's highs at 5.47 euros and above the upper part of the channel, now at six euros.

Daily Faes chart since summer 2017

. (tagsToTranslate) Faes: (t) base (t) channel (t) buy (t) sell (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category: Pulses (t ) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Health Technology

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