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The TradingSat team offers active investors during this period of uncertainty on the market, an interesting and particularly relevant coverage product: the tracker (ETF) of mnemonic code BX4, issued by Amundi, which doubly replicates the inverse performance of the French flagship index. Concretely, when the index loses 1%, the product wins 2 (on a given session). We then speak of lever 2 in cash.
Key graphics elements
The technical framework of the underlying, namely the CAC 40 index is upset, with a break in the psychological pivot threshold of the 8,000 points at the end of the week 13. Rupture which was followed by intense clearances, in powerful volumes. The GAP of January 16 is now fully filled, without any reaction from the courses. Worse, a crossing part (7,552 – 7,585 points). In two sessions, Thursday 03 and Friday 04 April, the flagship index lost nearly 520 points, and switched to the red for its assessment since 01/01. Monday April 07, once again showed the extreme psychological tension of a market at the heart of a wave of intense clearances. Abdication is close.
FORECAST
In view of the graphic elements mentioned, the News Bulletin 247 team offers active investors to take a position for purchase on the Tracker Amundi ETF BX4, during the current course, with the € 1,4090 in the viewfinder. A protection stop must be placed at € 0.8990.
The News Bulletin 247 Council
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
