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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.