Tuesday, February 21, 2017

Annual Forecast on FTSE 250 (2017)

FTSE 250 stock (FTSE:MCX) is a bull market. In fact, price has been going upwards since December 2016, following the trendless and choppy market conditions that were witnessed in the months before December 2016.

Price is currently above the EMA 21, which has been sloping upwards since December, supporting a clean bullish outlook on the market. The Williams’ % Range period 20 is in the overbought region, showing that the bullish movement is strong.

There may be some transitory pullbacks on FTSE 250 this year, but overall price movement would be bullish. Price is expected to breach more and more resistance levels to the upside in the long run.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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