FTSE has made a clear series of lower highs and lower lows. Right now the daily chart is at the top of its trading channel. Look for signs of reversal here and protect profits with a trailing stop. Its due a pullback even as a correction if there is to be a new leg up. My own stop is just under 6700.
Weekly chart Admira Group, this is where we can expect at least a bounce to perhaps 1650 level, As usual with hammers, best to wait for price to close on the daily chart above the head of the hammer at about 1450. Failureto trade above the upper limit of the hammer suggests down trend continues so dont take the long.
Weekly chart trend holding up no worries about Greece expect Europe to bail Greece out next week and stocks party on. Where else can you get a return on your money?
