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June 11, 2023- The lower Bollinger Band® is currently at 7,101.32 while the higher band is at 7,537
While CAC 40 is on a 7 day uptrend Friday's session put the brakes on the ongoing uptrend — CAC 40 moves 0.12% to close at 7,213 Friday.
The index has been trending lower for about a month. CAC is up 46,736% from the significant low of 15.42 it hit 8 months ago.
CAC's upper Bollinger Band® is at 7,537 and the lower is 7,101.32.
Despite muted price action in CAC 40, chart analysis indicates it is positioned for a bullish run in the short term.
While CAC was pretty flat Friday, mixed performances were seen elsewhere as Nikkei surges 1.97% Friday and closed at 31,641. KOSPI Composite Index went up by 1.16% Friday, and closed at 2,641. FTSE lost 0.49% Friday and closed at 7,599.74.
