Every Thursday, Le Figaro Bourse et placements offers you a technical look at the CAC 40: supports, resistances, strategy and advice.
The Paris Stock Exchange completes a surprisingly calm and flat weekly sequence. It reflects volatility, which has fallen 30% in two months. Even as a recession is anticipated, investor concerns have seemingly all but disappeared. Economic deterioration may lead to a pause in rate hikes, an eventuality that reassures managers.
Graphically. The CAC 40 rebounded sharply from the bottom of the trends bullish located around 6522 points. It is approaching its recent high, ending this Wednesday at 6679.09 points. The trajectory, although too straight, remains bullish. As long as the index remains above 6613/6647, it should continue on 6684 points, then on the objective of the pattern at 6768 points.
On good news, it could accelerate towards the peak of last March, at 6829 points. At this stage and given the course of the index since mid-October, this would be a maximum. On the other hand, if it closes below the 6613/6647 area, it…