Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Ekinops SA listed on the Paris Stock Exchange.
EKINOPS SA (EKI.PA)
Ekinops SA is a France-based company engaged in the provision of optical transport solutions for service providers and private networks. The Company develops optical aggregation and transportation sub-systems for metropolitan and long-distance networks. The stock is listed on the Paris Stock Exchange. Price chart formed an 11 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 6.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 6.80 levels will confirm the breakout from the 11 month-long cup & handle continuation with the possible chart pattern price target of 8.8 levels. (Data as of 30/11/2020)
A short educational video on Cup & handle continuation chart pattern
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