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June 18, 2023- Medium-term trend indication has turned positive as the MACD index generated a crossover buy signal
CAC is on an 8 day bullish run gaining 192.21 points (4.08%). Friday's session pointed in the same direction — CAC 40 climbs 1.34% to close at 7,388.65 Friday.
CAC hit a significant low of 15.42 around 9 months ago, but has since recovered 47,182%.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.
Overall, looking at the technical analysis landscape, it seems CAC might continue pointing upwards in the short term.
Other markets are also showing gains as notably, ASX 200 rose 1.06% Friday and closed at 7,175.3. Hang Seng is trading around 20,040 after ending Friday's session at 19,829 (up 1.07% today). KOSPI Composite Index is trading around 2,625.79 after ending Friday's session at 2,608.54 (up 0.66% today).
