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ATX chart: indicators are constantly generating buy signals

ATX Technical Chart: The uptrend is already over

09/17/2022, 715 characters

From Erste Group Weekly Stock: “Although ATX crossed the 3000 point mark this week, it ultimately failed to hold. On the contrary, the 2900 point mark came under pressure again on Friday, which is now closing.

The short-term uptrend that just started has already ended, at least according to the Parabolic system, also confirmed by DMI/ADX. The MACD is approaching its signal line from above and it looks like it is just a few days before the sell signal appears here as well.

The moving average of the last 50 days has already been broken, and it is doubtful whether 2900 points will continue. The lowest level in the past 12 months is 2757 points.”

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