FTSE-100 IN­DEX – HIGHER TAR­GET

Finweek English Edition - - Creating Wealth -

Short and medium up. Long term tech­ni­cally side­ways.

Buy on pullbacks. an in­verse head and shoul­ders (as la­belled). That’s point­ing to a higher medium-term tar­get of 19 500, mea­sured as the height of the in­verse head and shoul­ders pro­jected up.

close be­low it (17 500) will be­gin a short-term cor­rec­tion. re­ver­sal up off line 3 (17 500) will be a new buy sig­nal. But if it closes be­low line 3 look for a pull­back to 16 700, where you should start buy­ing large cap in­dus­trial stocks. buy at the 16 000 level or lower over the com­ing months be­cause weekly os­cil­la­tors (not shown) are over­bought.

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