The French CAC index has broken through the 8316 level
which represented a significant and strong resistance zone, providing a strong indication
of continued long-term upward movement. The index has also established
new, strong buying zones, considered among the best buying opportunities currently.
The outlook remains bullish for the index in the long term.
Therefore, it is advisable to focus on buying opportunities during any corrections in the index.
Expected Targets
If the index declines and tests the new demand zones near the 8237 level,
we expect to see a rebound from there and a continuation of the upward trend
targeting the specified levels at 8310, 8400, and 8500.
However, if the demand zones are broken and the index closes below them,
the technical analysis will be invalidated.
We may then see a decline to test the upward trend shown on the chart.
