CROBEX: Heading To 2,430

The benchmark Croatian CROBEX equity index pushed through key resistance at 2,290 on September 14, at one point trading at 2,312 the next day. From a technical perspective, the break above 2,290 is key in setting the stage for a quick run up to subsequent resistance at 2,430. On longer dated charts as well, the CROBEX is looking decidedly bullish. We highlight the weekly chart which suggests a medium term move all the way back to 3,200.

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