{"id":12456,"date":"2012-06-19T14:00:00","date_gmt":"2012-06-19T14:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.ch\/home\/vl27cm72\/etfworld.ch\/wp\/index.php\/2012\/06\/19\/technical-analysis-stoxx-europe-600-travel-a-leisure-index-on-the-lowest-threshold-of-the-rectangle\/"},"modified":"2012-06-19T14:00:00","modified_gmt":"2012-06-19T14:00:00","slug":"technical-analysis-stoxx-europe-600-travel-a-leisure-index-on-the-lowest-threshold-of-the-rectangle","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/ch\/technical-analysis-stoxx-europe-600-travel-a-leisure-index-on-the-lowest-threshold-of-the-rectangle\/","title":{"rendered":"Technical Analysis: Stoxx Europe 600 Travel & Leisure index : on the lowest threshold of the rectangle"},"content":{"rendered":"

Technical Commentary :
<\/strong> The Stoxx Europe 600 Travel & Leisure index is composed by the 20 most traded companies among the European travel and leisure sector. Thanks to the strong recovery from. .<\/span>.<\/span>..<\/p>\n

<\/p>\n

\n

Day By Day – Indipendent Research<\/p>\n

\n
November 2011 and May 2012, the index has been able to reach its former 2011 highs, a major resistance area. This obstacle has stopped the bullish dynamics and prices have been consolidating since a couple of weeks in a wide rectangle. We are neutral over the mid-term as we are waiting for the exit off this pattern before taking a stronger opinio<\/div>\n
\"19062012\"<\/div>\n

Anticipation\u00a0 :<\/strong> <\/p>\n

On the short term side, prices tested the 118.40 points lowest threshold of the rectangle on three occasions in the last month. The reaction on this level, combined to the 38.2% Fibonacci ratio of the previous rise, is vivid. We can therefore expect joining the 123.90 points resistance, a level that is defined as the middle of the rectangle consolidation area.We are positive in the short term and we set the invalidation level of this scenario slightly below the 118.40 points support. Actually, the breach of this level would trigger a deep correction.<\/div>\n\n\n\n\n\n\n\n\n\n\n
Close price<\/td>\n120,52<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n
2 months Opinion<\/td>\nNEUTRAL<\/td>\n<\/tr>\n
2 weeks Opinion<\/td>\nPOSITIVE<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n
Resistances<\/td>\n123,9 \/ 129,7 pts<\/td>\n<\/tr>\n
Supports<\/td>\n118,4 \/ 116,3 pts<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

\n
Follow-up Analysys:<\/strong> On May 28th, we recommended the purchase of EPRA EUROZONE index ETFs related. Since then, prices slightly rose but our bullish scenario remains valid.<\/div>\n
\n

\u00a0 \u00a0<\/strong>\u00a0<\/strong>DISCLAIMER<\/strong> <\/p>\n

This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext\u2019s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext\u00ae, trackers\u00ae, are registered marks of NYSE Euronext.<\/p>\n

Source: ETFWorld – Day By Day – Indipendent Research<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Technical Commentary : The Stoxx Europe 600 Travel & Leisure index is composed by the 20 most traded companies among the European travel and leisure sector. Thanks to the strong recovery from. ….<\/p>\n","protected":false},"author":1,"featured_media":15027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[27],"tags":[],"class_list":["post-12456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anlagestrategie-etf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/comments?post=12456"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media\/15027"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media?parent=12456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/categories?post=12456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/tags?post=12456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}