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
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。