FTSE 100 Breaks Above the 200 Simple Moving Average
Last post: December 6th 2018. See chart.
Review: Price was looking bearish after breaking through the strong support level.
Update: The bias is now bullish as price is currently trading back above the daily 200 simple moving average.
Conclusion: As long as the bullish momentum continues, the UK stock market is likely to form a lot of bullish trends which we will be taking advantage of.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price was looking bearish after breaking through the strong support level.
Update: The bias is now bullish as price is currently trading back above the daily 200 simple moving average.
Conclusion: As long as the bullish momentum continues, the UK stock market is likely to form a lot of bullish trends which we will be taking advantage of.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading