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Bounce gains a bit of traction | 8288 8300 8324 resistance | 8240 8204 support

Nick@ht-admin
#1 · 5th September 2024, 10:08 am

Technical analysis for FTSE 100 for 5th September 2024

Nice bounce off the 8204 support level yesterday, however it ran out of steam at 8280 and has dropped back. Continue to trail the stop on that long, currently 8220.

For today we may well see another attempt and a rise towards the 8300 level. There are a cluster of resistance levels here though, namely the key fib and the 200ema, so we could see the bears appear here later this morning.

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Last edited on 5th September 2024, 10:11 am by Nick