Bulls will be looking for a close above 5750 . Bulls have been in charge for the last 39 days. Upside target is 6000 with a target timeframe around 6-12 April or 6th May 2010.
Bears will need to see a break and close below the Daily 20ema(5654)
Traditionally the first 2 weeks of April have been BULLISH with strong inflows of money from ISA sales.
| Time | 10ema | 20ema | Date | Trade | Price | Stop | Target |
|---|---|---|---|---|---|---|---|
| Daily | 5685 | 5654 | 26Feb | BUY | 5300 | 5654 | 5800 |
| Weekly | 5532 | 5391 | 16Feb | BUY | 5200 | 5391 | 6000 |
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