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 London - FTSE (FTSE.NDX) - Close: 6 819.75 (+13.95), Aug 29, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Long term, Aug 29, 2014Analysis Explanation
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Is moving within a rectangle formation between support at 6583 and resistance at 6954. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 6023. Further rise to 7259 or more is signaled. The index has marginally broken up through the resistance at points 6800. An established break predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.53%0.00+0.21%
5 days0.001.80%0.00+0.62%
22 days0.004.74%0.00+0.18%
66 days0.007.66%0.00-0.46%
Trend 12%6828.74 - 7975.39
Rectangle2013-01-02
Double Top Pattern2011-08-03


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