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 London - FTSE (FTSE.NDX) - Close: 7 031.72 (+18.25), May 22, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Long term, May 22, 2015Analysis Explanation
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. 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 has broken up through the resistance at points 6870. This predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.55%0.00+0.26%
5 days0.001.86%0.00+1.02%
22 days0.004.79%0.00-0.44%
66 days0.007.75%0.00+2.55%
Trend 7%6369.97 - 8314.36
Double Bottom Pattern2015-01-22
Rectangle2014-10-01
Rectangle2013-01-02
Double Top Pattern2011-08-03

 


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