CRASH in 2008 erased near to all gains
small countries have less trader activities on exchanges like ATX.
That make it volatil in case of glaobal crises like 2008 lehman brothers or now pandemic stiuation.
Any 2nd wave would bring ATX more like below 1500points ans it would took like 7 years for recovery up to 3000points again.
We will see, can...
Austrian stock market crashed extremely hard in very short time.
All major indices crashed during last few weeks, but the ATX looks worse than then DAX, DJI and S&P500. It is a flash crash with extremely high bearish momentum, which broke through all major moving averages (50, 100 and even 200 monthly MA)! On the weekly time-frame a triple MA death cross is...
The Austrian stock index has trained a hammer candle with weekly closing.
That the c of the (4) could also have come to an end, that is for me a starting signal with the Target to reach the 3.280 point mark.
The SL is 2.839 and thus 2.5% resp. 73 points from the current price, which is at 2,912. So the CRV is at 5 to 1. If I go in here with 10% of the portfolio,...
Austrian Traded Index (ATX) Technical Strategy : Hold until Triangle breakout
Elliottwave Count : Triangle
ATX (Austrian Traded Index) is in wave (B) which is in triangle formation. We are in last phase of triangle (wave e). We possibly see last pull leg up or in alternate scenario, we possibly see downtrend from current level. We...
A triangle appears to be completing in the ATX. At this point, the presumed final "E" wave has breached the upper trendline (quite common and indicates that the thrust will be extended) is at a point where the minimum expected post-triangle downward thrust would be exactly 50% of the decline in the ATX from 2007-9.
This triangle is either a 4th wave or a B wave....