NL25 RESISTANCE BREAKNL25 instrument, the 25 Blue Chip companies of the Netherlands index, broke its resistance at 738.438 which is a signal for a bullish trend. If this price movement continues, the price might try to test prices around 786 mark. In the opposite scenario, the price might revert to 668.53
Both MACD and RSI are also supporting the bullish trend, with MACD histogram being above 0 and RSI being above 50 neutral line.
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Nl25
Another REJECTION of Highs Coming?!?Despite small correction this week on indices - NL25 is back retesting all time highs. Watching closely to see if we get another rejection at the highs going into next week... We have a sort of buying climax - selloff & secondary retest going on - so a rejection should send price at minimum of retest of those last lows but probably slightly lower - probability of indices squeezing higher forever is also always there!!
Watch & see how it plays out!
NEDERLANDS 25 (NL25) (NL25EUR) BUYThe Nederlands 25 Index is in a classic uptrend on the daily and lower timeframes. Price could retrace lower on the 553.671 upper resistance and then further bounce on the 544.339 support level. This asset could be trade on confluence with the upward trendline or at the 544.339 support level.