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FTSE 100: Stochastics signal a buy

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Content: Momentum: MACD: Negative RSI: No clear trend Stochastic: Buy signal formed in oversold territory Daily Price Action Trend: Negative Last relevant high: 5,945.9 Last relevant low: 5,499.5 Comment: The FTSE rallied strongly on Friday, stopping out any short positions, those who follow candles stick patterns may even be tempted to buy into the market after all: We have a positive pattern that has been formed (which will remain in play assuming that 5,537.0 is not broken without 5,707.6

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