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29 point dividend | buy the dip | 8800 8765 support | 8860 8890 resistance

Nick@ht-admin
#1 · 5th March 2025, 12:34 pm

Technical analysis for FTSE 100 for 5th March 2025

The bulls bought the dip yesterday and we managed to test the 8862 resistance level after the bell where we subsequently saw the inevitable drop as expected. That level is the line in the sand that the bulls will need to break now, as 8860 is also the current Hull MA on the 2h chart. They have defended the 8800 area though overnight so we may well still be on for a test of the 8930 area before long.

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Last edited on 5th March 2025, 12:42 pm by Nick