Investtech.com
 London - FTSE (FTSE.NDX) - Close: 6 546.47 (+82.92), Oct 31, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Long term, Oct 31, 2014Analysis Explanation
London - FTSE is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. It also gave positive signal from a rectangle formation at the break up through the resistance at 6023. Further rise to 7259 or more is signaled. The index is approaching the resistance at points 6800, which may give a negative reaction. The index is overall assessed as technically positive for the long term.

1 day-0.54%0.00+1.28%
5 days0.001.81%0.00+2.47%
22 days0.004.92%0.00-0.17%
66 days0.007.16%0.00-3.35%
Trend 9%6515.97 - 7777.85
Rectangle2014-10-01
Rectangle2013-01-02
Double Top Pattern2011-08-03


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here www.investtech.com/disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

Titlex

OK