HighSky (HighSky)
Currencies  |  January 23, 2013 11:43:00

European stock markets on an interesting signpost

Recent growth trend channel that showcases pan-European Euro Stoxx 50 index since mid-November last year, helped also fairly decent away from the 100 and 200-day averages of equilibrium. Now just below b. 2730 index alludes to the relatively strong resistant line that has rotated downward oscillators.

EC50, daily comment

It will be interesting to watch in the coming days if the index manages this rather humble growth triangle, or get out of our price suggested by the growth channel, to open the way back perhaps to the 100-MA, which we noticed about half the growth trend of the last correction.Be further suggest the results of technology companies that were mainly for recovery of stock markets and the U.S. today and tomorrow awaiting quarterly numbers of American giants Apple and Microsoft.

Josef Kvarda, Analyst

HighSky Brokers, Inc.

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