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 London - FTSE (FTSE.NDX) Close: 7 523.04 (-19.83), Oct 19, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate -Long term, Oct 19, 2017Analysis Explanation
London - FTSE has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has risen strongly since the positive signal from a inverse head and shoulders formation at the break through the resistance at 6397. The objective at 7425 is now met, but the formation still gives a signal in the same direction. The index has support at points 7100. The index is overall assessed as technically slightly positive for the long term.

1 day-0.54%0.00-0.26%
5 days0.001.81%0.00-0.44%
22 days0.004.40%0.00+3.41%
66 days0.007.95%0.00+1.80%
Trend 22%7802.91 - 8825.88
Inverse Head and Shoulders 2016-06-30
Head and Shoulders Pattern2015-08-21
Double Bottom Pattern2015-01-22
Rectangle2014-10-01

 


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