It is not everyday that we look at the Swiss Market Index, which is Switzerland's blue-chip stock market index of 20 of the largest and most liquid stocks.
BUT when something bounces off a trend line inside a long-term bullish trend, and that trend line happens to converge with a prior support and the 200-day average...and not to mention the formation of a hammer candle on a day when other global stock indices fell, which shows outperformance... well, on those occasions, even the SMI 20 should be treated with respect.
So, have we seen a low already following the recent selling? I wouldn't bet against it, that's for sure.
By Fawad Razaqzada, market analyst with FOREX.com
BUT when something bounces off a trend line inside a long-term bullish trend, and that trend line happens to converge with a prior support and the 200-day average...and not to mention the formation of a hammer candle on a day when other global stock indices fell, which shows outperformance... well, on those occasions, even the SMI 20 should be treated with respect.
So, have we seen a low already following the recent selling? I wouldn't bet against it, that's for sure.
By Fawad Razaqzada, market analyst with FOREX.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.