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Italy 40 (ITA40) -dị ogologo oge: Bullish
The index is rising and in an uptrend. A correction candle body tested the Fibonacci 0.50 retracement level. This indicates that the index will rise and reach the 2.0 extension level. The trend is likely to continue after the target price.
Chart egosi ụbọchị ọgụgụ:
Ụbọchị 21 SMA na 50-day SMA na-arị elu elu na-egosi elu. Ahịa ahụ arịgoro n'ọkwa 53 nke Index Ike Relative. Ọ na-egosi na index bụ na uptrend zone. Ọ dịkwa n'elu centerline 50.
Italy 40 (ITA40) Tredị oge ọkara: Ogologo
On the 4- hour chart, the index is a sideways move. The market is on a downward move after retesting level 19600. Presently price fluctuates between levels 19000 and 19600. The downtrend has reached a low of 19295 and it is approaching the low of 19000.
Ihe ngosi Chart nke oge 4 Readinggụ ihe
The index is below 80% range of the daily stochastic. It is previously in the overbought region of the market but now the price is falling. Italy 40 is in a bearish momentum. The SMAs are also sloping upward indicating the upward move. The retracement fell to the support of the 21-day SMA.
General Outlook maka 40tali 40 (ITAXNUMX)
Italy 40 is currently resuming a fresh uptrend but battles resistance at level 19600. In the meantime, price fluctuates between level 19000 and 19600. The uptrend will resume when price breaks level 19600. In the meantime a sell order will do.
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