FTSE 100
stock (FTSE:UKX) has been going bullish since a few months ago, and the
short-term bullishness is conspicuous enough to result in a valid “buy” signal.
Price is
now above the upper Trendline, and the RSI period 14 is above the level 50. As
long as the RSI is above the level 50 and price is above the upper Trendline,
the trend will remain bullish. The period of consolidation in the market is
over.
FTSE 100
is supposed to continue going upwards for most part of this year, reaching the
supply levels at 7400.00, 7600.00, 7800.00 and ultimately, 8000.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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