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 London - FTSE (FTSE.NDX) - Close: 6 247.94 (+55.91), Aug 28, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Long term, Aug 28, 2015Analysis Explanation
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has reacted back after the break of the rectangle formation. There is support around 6023, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The index has marginally broken up through the resistance at points 6200. An established break predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.62%0.00+0.90%
5 days0.002.10%0.00+0.97%
22 days0.004.96%0.00-5.78%
66 days0.008.35%0.00-11.26%
Trend 7%6492.56 - 8474.37
Double Bottom Pattern2015-01-22
Rectangle2014-10-01
Rectangle2013-01-02
Double Top Pattern2011-08-03

 


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