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Metropole Tv The title tests a major support

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Analysis published on Friday September 22, 2023

M6 Métropole (MMT) failed twice under the resistance of €16. At the same time, the stock fell below the descending line, not to mention that the technical indicators suddenly fell below their respective waterlines in weekly units. Now, MMT is currently testing major support at €12, not far from its recent ascending line since October 2022.

In the event that a throwback occurs, prices could return towards €13-14. An extension beyond the resistance zone would allow the ascending line to be attacked again. Conversely, the break below €12 would potentially cancel out the year’s gains, if €10 became a reality.


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