The main index fell 0.45 percent last week, from 641.81 to 638.93.
So far this year the index has risen 10.9 percent since, but it has leveled off and the last 12 months are up by more moderate 3.7 percent.
In the last month the main index has risen 1.2 percent and was then 3.5 percent below the all-time high (4 percent below the intraday high at 666).
The main index fell to 626.66 Monday, but despite the decent increase the next three days ended main index down last week as well.
The index broke back above 50-day moving average, but met technical resistance at the 642 level and turned down again Friday.
RSI stopped at 50th level, and there is also established a bottom of the foregoing. The downward trend continues, but with the positive undertones it is sown a little hope in the short term.
Perhaps it could be a foundation for further gains and allow for a small upturn, perhaps up to 650-level ?
The falling trend line and the technical resistance at the 650-level must still be breached by rising sales for that all-time high to come within range again.
The rate of increase is declining In the longer term, but as long as the positive undertone keeps the RSI the chart, there is still hope.
Should correction return under 50 level in the RSI the chart, breaking the technical support belt from 630 to 625 and 50 -day moving average hovedchartet, it can go the opposite way and the correction will be greater.
Then it may be violations of the 200-day moving average and retesting of 615-level again.
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