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On the ATX chart side: The uptrend is still there, but it's fading

On the ATX chart side: The uptrend is still there, but it’s fading

11/26/2022, 570 characters

From Erste Group’s weekly stocks: “ATX could also increase slightly this week, but the momentum of the past few weeks is now clearly slowing.

This can be seen, among other things, from the fact that the signal line is already very close to the MACD. While the momentum is positive, it is also bearish. The uptrend is still there, but it is now fading.

Overall, the chart picture remains positive. The next important resistance is 3350 points which, as we mentioned last week, will make up for half of the losses since February.”

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