On the month, chart below, all lights are green with a MACD histogram in progress, a rising RSI, however, may also with margin downwards (see right Chartist IHR), a stochastic very committed and Momentum that turns, we arrive at the top of the bearish channel started T3 in 2007 which represents an opportunity to take his winnings for example, the liquidation of September, which saw its volume more than tripled this Friday 18/09/09.
We are also on this level in contact with the median strip of "Bollinger Bands" is a nice retracement ADDITION coinciding with Fibonnacci (See chart in the file).
In conclusion for the month is bull and 3950 should be met or exceeded.
On the weekly view, I am attaching a chart of an overview + zoom
Zoom
You can see for yourself on the zoom, we have a serious resistance to cross with indicators that could well take a second breath-as the RSI is over-limit purchase. We are raising our target on the FTSE to 4380 which corresponds to the mark Chartist resistance and red.
Good trades
Zenvoo Team
Good trades
Trend is your friend!
19 Sep 2009 at 9:51 AM
by
slong
Text automatically translated!
NB: it is noted that the goal of 4380 points will not be achieved by the end of this month, thank you note that we expect 3 months to approach it more or less 100 points, cdt
Slong