{"id":12511,"date":"2012-09-24T10:00:00","date_gmt":"2012-09-24T10:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.ch\/home\/vl27cm72\/etfworld.ch\/wp\/index.php\/2012\/09\/24\/technical-analysis-stex-600-insurance-index-toward-the-april-2011-tops\/"},"modified":"2012-09-24T10:00:00","modified_gmt":"2012-09-24T10:00:00","slug":"technical-analysis-stex-600-insurance-index-toward-the-april-2011-tops","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/ch\/technical-analysis-stex-600-insurance-index-toward-the-april-2011-tops\/","title":{"rendered":"Technical Analysis: STEX 600 Insurance Index : toward the April 2011 tops"},"content":{"rendered":"

Technical Commentary :
<\/strong>The STXE 600 Insurance index is composed of the 32 most important companies among the European insurance sector…...<\/span>..<\/p>\n

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

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Since a low in September 2011, it has been evolving within a bullish dynamics sustained by the 50-day moving average. This trend was recently confirmed by the overflow of the previous March 2012 peak. The movement should continue during the coming weeks towards the February 2011 tops at 182.40 points; this level merges with the target calculated by adding the size of the former major bullish leg (September 2011 to March 2012) to the latest significant low (blue arrows).<\/div>\n


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\"24092012\"<\/p>\n


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Anticipation :
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In the shorter term, the recent impulsive movement triggered the overflow of the 116.10 point major resistance. This level has been penetrated again but prices did not fall strongly: technically, it is a sign of strength. The first support, at 162.50 points, has even triggered a bounce that should boost the trend toward the 175 points resistance (April 2011 tops), with 170.10 points as an intermediate target. The trend is therefore clearly bullish and we set the invalidation level of this scenario slightly below the 162.50 points support \u2013 where the market recently bounced.<\/div>\n


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<\/strong><\/div>\n\n\n\n\n\n\n\n\n\n\n
Close price<\/td>\n165.62<\/td>\n<\/tr>\n
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2 months Opinion<\/td>\nBULLISH<\/td>\n<\/tr>\n
2 weeks Opinion<\/td>\nPOSITIVE<\/td>\n<\/tr>\n
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\n<\/td>\n<\/tr>\n
Resistances<\/td>\n170,1 \/ 175 pts<\/td>\n<\/tr>\n
Supports<\/td>\n162,5 \/ 154,5 pts
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Follow-up Analysys:<\/strong> On September 10th, we have recommended the purchase of Nikkei 225 index ETFs related. Since then, the rally we expected has occurred and our 9150 points target has been reached.<\/div>\n
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   <\/strong> <\/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

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

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