Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionBulls on the front foot with 8020 …

Please or Register to create posts and topics.

Bulls on the front foot with 8020 support | 8090 8142 resistance

#1 · 23rd April 2024, 10:05 am

Technical analysis for FTSE 100 for 23rd April 2024

A decent bull Monday yesterday and we are within touching distance of a cluster of resistance at the 8090 area. As such we may well see some profit taking and bears appears here, for a drop down to test the 8020 support.

The 2h chart is bullish, with support lower down at the 7985 area from the Hull MA, and 7900 from the now green coral.

The bulls will be keen to build on the rises though as war tensions ease, and ahead of the plethora of earnings that are out this week. Tesla earnings today will be keenly watched and will have an effect on the Nasdaq later.