| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has surged by 5.94% since the beginning of August. The stock tested the upper line of a descending channel pattern at 6201.33 on August 11.
All things being equal, the UK100 index will most likely continue to edge higher during the following trading sessions. The possible target for bullish traders will be at the 6400.00 level.
However, if the descending channel pattern holds, a decline towards a support cluster formed by the weekly and the monthly PPs at 6026.18 could be expected in the shorter term.