Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42) The primary trend remains bearish. We are trading at overbought extremes. A break of the recent low at 40.28 should result in a further move lower. Bearish divergence is expected to cap gains. A higher correction is expected. Our profit targets will be 37.11 and 36.51 Resistance: 42.65...
Ageas Short Term We look to Buy a break of 40.97 (stop at 39.99) Previous support located at 40.00. 40.00 has been pivotal. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We look for a temporary move higher. Our profit targets will be 42.96 and 44.30 Resistance: 43.00 / 44.60 / 46.00 Support: 40.00...