REVIEW OF EUROPEAN SHARES PAST RECOMMENDATIONS & UPDATE

 

13th March 2024

The recently completed technical analysis review of the stocks that comprise the Euro Stoxx 50 index (excluding those that are also in the FTSE 100 index), points to an unequivocally bullish outlook.

 

Of the 44 stock charts reviewed, 30 were found to have bullish charts and 14 had bearish charts, a ratio of approximately 2 to 1.

 

Furthermore, slightly more than half of the stocks with bullish charts, were awarded a very bullish rating; 16 in total.

The recommendations of April 2023 were unchanged in the December 2023 review, and remain bullish.

 

These are as follows:-

 

Deutsche Boerse

 

Continues to have a very bullish outlook.

 

Essilor-Luxottice

 

Continues to have a very bullish outlook.

 

Vinci

 

Continues to have a very bullish outlook.

 

Deutsche Telekom

 

Bullish outlook per the recent technical analysis. Downgraded from a very bullish outlook per the previous review in

April 2023. However, it has a majority holding in US company T Mobile, and the latter has a very bullish chart.

 

In view of the above, no changes are deemed necessary to our current recommendations.