FTSE 100
FTSE 100
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: FTSE
ISIN: GB0001383545

FTSE 100 - FTSE 100 ST: under pressure - 10/01/2014 (GMT)

  • 617
  • 0
  • Chart + Price target(s)

  • Target : Lower
  • |
  • Target 1 : 6 528
  • |
  • Target 2 : 6 420
  • |
  • Invalidation threshold : 6 950

  • Timeframe : Daily

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Our preference: As long as 6950 is a resistance, we are bearish. In this case, the downside breakout of 6528 will trigger a bearish acceleration towards 6420.
Alternative scenario: Only the upside breakout of 6950 will invalidate our bearish scenario. In this case, a recovery should shape towards 7300 at first, and then 7430.
Comment: The RSI is below its neutrality area at 50% and accelerating downward.
This member did not declare if he had a position on this financial instrument or a related financial instrument.

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