Technician
Long

FTSE MIB Technical Analysis: Bullish Breakout!

FX:ITA40   FTSE MIB index of Italian listed shares
714 0 10
Technical Analysis :
Double bottom on the weekly chart, followed by a breakout above the neckline of the pattern and the long term 52-week moving average. The recent retest to the neckline was rejected as well, indicating the bullish continuation scenario is likely for a next target near the major high at 22553..

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