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 London - FTSE (FTSE.NDX) - Close: 7 070.70 (+17.03), Apr 24, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Medium term, Apr 24, 2015Analysis Explanation
An approximate horizontal trend is broken up. A continued strong development is indicated, and the index now meets support on possible reactions down towards the trend lines. It also gave positive signal from a double bottom formation at the break up through the resistance at 6751. Further rise to 7313 or more is signaled. The index has support at points 6880. The index is overall assessed as technically positive for the medium long term.

1 day-0.54%0.00+0.24%
5 days0.001.88%0.00+1.09%
22 days0.004.83%0.00+0.47%
66 days0.007.77%0.00+6.81%
Trend 2%6232.92 - 7051.75
Short Term Trading Range2015-03-19
Moving average2015-01-29
Long Term Trading Range2015-01-22
Double Bottom Pattern2015-01-22
Rectangle2014-10-01
Rectangle2014-06-13
Double Top Pattern2014-06-13

 


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