FTSE 5271 still a BUY - 14th July

RSI(61) has the potential to rise another 20% to RSI(73) over the next few days giving a FTSE target of 5400. The volume on the move up from 1st July low at 4790 has been low. MACD is about to go positive with a potential for the rally to extend another 6 weeks through to the start of September.

10ema(5120)> 20ema (5100) < 50ema (5180) is indicating a change in the downtrend since the break down on 27th April when the FTSE closed below the 50ema. With the FTSE 5271 above the 50ema for the first time in 3 months, a potential move back to 5800 is possible by September.

Date	Trade	Price	Stop	Target	Profit
06Jul	BUY	4858	5176	5400	£3180
22Jun	SELL	5270	4858	4500	£4120
10Jun	BUY	5063	5270	5400	£2070