FTSE 100 stock (FTSE:UKX) is currently an upbeat
market and this may be the beginning of a long-term bullish outlook. The last
year was characterized by large pullbacks, followed by large upswings.
In the chart, 4 EMAs are used and they are EMAs 10,
20, 50 and 200. The color that stands for each EMA is shown on the top left
part of the chart. Now, we want to lay emphasis on what is happening right now
in the market.
It can be seen that there has been a Golden Cross here
(which occurred as the price crosses the EMA 200 to the upside). This Golden
Cross sums up the outlook for this year: bullish. Movements in the market give
an opportunity to stake and make gains. This helps when things are put in
proper perspective.
This forecast is ended by the quote below:
“At some important key points, other traders have helped
me a lot to develop a proper understanding.” – Jens Rabe
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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