CREDIT AGRICOLE SA (CAGR.PA)

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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, select commodities, cryptocurrencies and global equity indices. Below chart, Credit Agricole SA is from the watchlist section of the weekly report. It is featuring possible ascending triangle continuation.

CREDIT AGRICOLE SA (CAGR.PA)

Credit Agricole SA is a France-based banking group. The Company provides retail banking activities in France (Credit Lyonnais) and abroad. The stock is listed on the Paris Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary acting as strong resistance at 12.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 12.36 levels will confirm the breakout from the 6 month-long ascending triangle with the possible chart pattern price target of 14.30 levels.

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