Who is going to breakout first ?
This week we are looking at two European sectors that seem ready to breakout.
The Media as well as the Chemical sector. The Media sector has been in a 4+ years long basing pattern.
The right end of a basing pattern is formed by the sellers keeping their supply at the same level, while the buyers, on the other hand, are always coming at an earlier stage, higher level, to buy, showing increasing demand, which in turn, is bullish. Here's the Lyxor Stoxx600 Media sector: The pr
