Italy 40 (IT40) Struggles above Level 17000, Targets Resistance 18000

UAzeez Mustapha

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Iindawo eziKhuselekileyo: 24000, 25000, 26000
Iindawo eziNkxaso eziPhambili: 22000, 21000, 20000

I-Italiya 40 (ITA40) yexesha elide iTrend: Bullish
Italy 40 is rising and in an ascending channel. Yesterday, the index fell to level 16785 and immediately resumed an upward move. The upward move was interrupted as price retracing today. The market is currently facing a new resistance at level 17539. The index is expected to resume an upward move.

ITA40-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
Italy 40 is in an ascending channel. The 21-day SMA and 50-day SMA are sloping upward. The market has fallen to level 47 of the Relative Strength Index. It indicates that the price is in the downtrend zone and below the centerline 50.

I-Italiya i-40 (ITA40) yeXesha eliPhakathi lokuHamba: Bullish
On the 4- hour chart, the index is in ascending channel. The price is facing resistance at the support line as the bulls fail to break above it. The market is likely to rise if price breaks above the support line.

ITA40 - 4 Itshathi yeYure

Isalathisi seeyure ezingama-4 Ukufunda
The index is below 60% range of the daily stochastic. The market is in a bearish momentum. This is contrary to the present price action. The SMAs are also sloping upward indicating the upward move.


Umbono ngokubanzi we-Italiya 40 (ITA40)
Italy 40 has currently fallen to level 16782. The index appreciated to level 17454 but dropped down again to low above level 17000. Presently there is no direct price movement as ITA40 continues its fluctuations.


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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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