JFD_Research
Long

FTSE MIB - Daily - Possible continuation to the upside

MIL:FTSEMIB   None
Trade Alert

The Italian index showed some strength yesterday, and we could see a follow through of that bullishness today.
A break above the 21150 zone could open the path towards higher levels like 21450 and 21955, where the last is marked by the high of the 8th of August, that could prove itself as good resistance.

Alternatively, a move back below the downside support line, taken from the low of the 5th of march, could open the back down towards the 20250 area, which was the lowest point of August.

Don't forget your SL.
Sep 24
Comment: We still have hope.
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