Swiss Market Index has broken out to a record highSwitzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips
Smi20
Swiss Market Index LONGLong SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK