Thursday
Jan 08th
FTSE at a glance - 29 Nov 2007
Next week forecast.
Last week in this article, we were trying to understand where the FTSE future would have stopped its fall.
We had pointed out that 6000 was a decisive step to better know the future. We were expecting it to react to 6000 and it DID!
Furthermore, we were expecting higher volumes and so far we haven't seen the volumes that had characterized August and March rises giving less strength to the signal and making the future still uncertain. The trend is still bearish and we expect the future to fall down again.
- First TP * = 6443 (possible short scenario)
- Second TP * = 6550
* Target Price: refers to the price that an investor hopes that security will attain
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