FTSEMIB Weekly - Update - 27/01/2018 09:29:28FTSEMIB Weekly - Update - 27/01/2018 09:29:28
Fourth week upward with decreasing strength
closing under multiday R1 support at 23879.84
it makes me think that the strength will continue to dim bringing even
a few negative candles in the next two weeks
which could lead us to test weekly support
placed at 23331.58
New high at 24050.15, which I think will not be retouched next week.
The next week I expect the beginning of a fall, to make it resume
breath to the trend, which remains firmly long.
Fall that should not extend below S3 to 23203.57.
Reached S3 will open two hypotheses, end of decline and new rise for zone 24118
continuation of the decline for another week by zone 22704
The weekly adx is positive in contraction, the Fisher indicator is firmly
long, therefore any rebates should not lead to an inversion.
The indicator CM_laguerre, is still lateral and gives no indication.
Weekly Resistance: 24050.150
Weekly Support: 23331.580
FTSEMIB Index - Last Value: 23856.99
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R1 = 23879.84
PIVOT = 23712.83
S1 = 23545.82
S2 = 23436.02
S3 = 23203.57
CROC X3 - Last Signal (Long Period - TF 1D)
LONG from 22011.59
since 04/01/2018
FTSE MIB Index
FTSEMIB Weekly - Update - 01/13/2018 10:24:25FTSEMIB Weekly - Update - 01/13/2018 10:24:25
Very positive week even the one just passed that has opened the way
to zone 23880, but that we will not reach immediately.
Next week I expect a bit of profit taking that will be there
lead to review area 23133
But be careful with shorts, strong hands are still all long and hunting
shorter's stops
The weekly adx has returned firmly positive, while the indicator Fisher has reversed
therefore, we still expect positive weeks, after the profit taking next week.
The CM_laguerre indicator is still lateral and not indicative.
Weekly Resistance: 23474,510
Weekly Support: 21613,890
FTSEMIB Index - Last Value: 23429.83
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 23879.84
R2 = 23545.82
R1 = 23436.02
PIVOT = 23319.80
S1 = 23203.57
S2 = 23133.42
S3 = 22923.11
CROC X3 - Last Signal (Long Period - TF 1D)
LONG from 22.011.59
since 04/01/18
Italian stock market overpriced? FTSE MIB is headed for best annual performance since 2009
FTSE MIB index, up 18 percent since Dec. 31, is poised to close 2017 as the best-performing major market in Europe.
The best performers from the FTSE MIB were:
1) Fiat Chrysler
2) STMicro
3) Ferrari
4) FinecoBank
5) UBI
6) Moncler
7) Recordati
8) Campari
9) Italgas
10) CNH Industrial
MIFID 2 that is coming on Jan 2018 will make Italian Banks life very hard, since they are still struggling under piles of bad debt, which is pushing down the shares value of Italian financial companies.
For many Europeans Italy is Europe next big problem, waiting to fall to the anti-establishment Five Star Movement.
If Former Prime Minister Matteo Renzi’s (Democratic Party) will lose the elections, then Italy future in the Euro zone will be in doubt.
Weekly FTSEMIB that returns longWeekly FTSEMIB that returns long
Weekly FTSEMIB breaking the descending channel and canceling all bearish hypotheses
of previous weeks.
Next week will probably come down to testing the newly broken channel
then continue to try to raise to 22500
Weekly resistance: 21793,720
Weekly Support: 21149,290
Short only at 21149 daily break
Weekly FTSEMIB that returns longWeekly FTSEMIB that returns long
Weekly FTSEMIB breaking the descending channel and canceling all bearish hypotheses
of previous weeks.
Next week will probably come down to testing the newly broken channel
then continue to try to raise to 22500
Weekly resistance: 21793,720
Weekly Support: 21149,290
Short only at 21149 daily break
FTSE MIB is a new buy. Target at 24000.Italian Index is breaking out above the relative high at 21700-800. Just let's wait to see a weekly close above this level and a confirmation afterwards. Price oscillator is moving above the zero, confirming the upwards cycle. Natural target of a buy strategy is at 24000.
FTSEMIB - Intraday Entry long started
FTSEMIB Index- ADX / ADM - TS V. 2.9.1 - Intraday Levels for 03/08/2017
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
LONG if > 21657.91
TP1 = 21750.91
TP2 = 21841.84
TP3 = 22027.84
Stop Loss = 21489.31
SHORT if <21489,310
TP1 = 21,396,310
TP2 = 21,305,380
TP3 = 21,119,380
Stop Loss = 21,657,910
"On my blog, find the detailed explanation of how these levels works"
FTSEMIB - Intraday Entry long started
FTSEMIB - Intraday Entry long started
FTSEMIB Index- ADX / ADM - TS V. 2.9.1 - Intraday Levels for 03/08/2017
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
LONG if > 21657.91
TP1 = 21750.91
TP2 = 21841.84
TP3 = 22027.84
Stop Loss = 21489.31
SHORT if <21489,310
TP1 = 21,396,310
TP2 = 21,305,380
TP3 = 21,119,380
Stop Loss = 21,657,910
"On my blog, find the detailed explanation of how these levels works"
FTSEMIB, I expect today's R1 test at 21600.72FTSEMIB, I expect today's R1 test at 21600.72
Depending on the outcome you can continue to zone 21680, on the top of the
Short-term bullish channel, or return to pivot in zone 21518
FTSEMIB Index
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 22210.34
R2 = 22107.30
R1 = 21600.72
PIVOT = 21517.69
S1 = 21434.66
S2 = 21245.73
S3 = 21179.71
CROC X3 - Last Signal (Long Term - TF 1D)
Since 29/11/2016
FTSEMIB, I expect today's R1 test at 21600.72FTSEMIB, I expect today's R1 test at 21600.72
Depending on the outcome you can continue to zone 21680, on the top of the
Short-term bullish channel, or return to pivot in zone 21518
FTSEMIB Index
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 22210.34
R2 = 22107.30
R1 = 21600.72
PIVOT = 21517.69
S1 = 21434.66
S2 = 21245.73
S3 = 21179.71
CROC X3 - Last Signal (Long Term - TF 1D)
Since 29/11/2016
Weekly FTSEMIBWeekly FTSEMIB
Weekly Closure that goes back to the pullback line,
It could be a weekly maximum .
If the hypothesis is confirmed it will be able to follow the test of the last two weeks minimum
at 20704, going to verify the holding of the bullish channel.
At this point if the test is successful it will be able to rebound again to zone 22117,
Otherwise it will continue in the bearish channel towards the zone 20000
Weekly FTSEMIBWeekly FTSEMIB
Weekly Closure that goes back to the pullback line,
It could be a weekly maximum .
If the hypothesis is confirmed it will be able to follow the test of the last two weeks minimum
at 20704, going to verify the holding of the bullish channel.
At this point if the test is successful it will be able to rebound again to zone 22117,
Otherwise it will continue in the bearish channel towards the zone 20000
FTSEMIB starts flat this morning....The Italian index starts flat this morning, we expect the break of one of the levels
intraday, for the departure of today's movement
FTSEMIB Index-ADX/ADM - TS V. 2.9.1 - Intraday Levels for 14/07/2017
ADM-Average Daily Movement-Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
LONG if > 21626.42
TP1 = 21741.71
TP2 = 21854.44
TP3 = 22085.03
Stop Loss = 21417.40
SHORT if <21417,400
TP1 = 21,302,110
TP2 = 21,189,380
TP3 = 20958,790
Stop Loss = 21626,420
On my blog, find the detailed explanation of how these levels works
FTSEMIB Weekly, Pullback done?
Weekly that closes with a pullback of the bullish trendline broken the previous week;
This would call a forthcoming weekly bearish candle which could eventually release the index from the lateral phase that has been going for weeks,
with the break of the weekly support placed at 20577.60, and start it down to the target in area 19500.
A weekly closing above the 21170 would cancel the whole vision.
MIB @ daily @ 2nd nearst index (of 57) to it`s alltime low priceThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (57 Share Indices)
drive.google.com
Best regards :)
Aaron
Short FTSE 100 for a major correctionEntering a short position in the FTSE 100 at these levels seems like a good risk vs reward trade at what currently appears to be a long term Multidiagonal top.
This also aligns with bullish Multidiagonal patterns in gold, corroborating the reasons to be short around this 7100-7150 level.
FCA GMMA ANALYSIS: POSSIBLE UPTREND WAITING FOR A MA200 REBOUNDGMMA crossover between 6.25-6.50 with strong momentum, with MACD in long position BUT RSI overbought way over 70 so opening a position would have been very risky... despite overbought price reached 6.79 before retracing so there was space for a gain but I thought there was too much risk for me buying with RSI at 74.
A strategy could be waiting for a retracement on MA200 and buy hoping for a rebound that could lead price towards April highs and resistance; take profit between 7.10-7.20 and I would put SL under MA70 at 5.85. RR is 2.29
This is the first time stock closes over MA 200 in over a year, so that could be a good long signal using MA200 as a long/short filter and as a dynamic support.