| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The UK100 Index, which measures the best 100 performing shares from the London Stock Exchange, has surged by 3.82% since February 1. The index breached the upper line of a descending channel pattern during the Asian session on Wednesday.
Given that the price has breached the channel pattern, buyers are likely to pressure GBR.IDX/GBP higher during the following trading sessions. The potential target would be near the 6800.00 level.
However, a resistance cluster formed by the weekly R1 and the 200– period SMA at 6603.96 could provide resistance for the stock price within this week's trading sessions.