The DJ EUROSTOXX 50 Net return aims to replicate the performance of the Dow Jones EURO STOXX Dividends reinvested, regardless of its evolution. In February 2009 it began a strong upswing characterized by a technical configuration called a «V- Bottom» reflecting the end of the decline. This trend was interrupted for several months by a flat consolidation, but the recent overflow of the 2010 peaks revived the bullish momentum…...
Day By Day – Indipendent Research
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||459 / 482,5 pts|
|Supports||442 / 433 pts|
In the shorter-term, this delay has occurred inside a rectangle. Prices are exiting by the top of this pattern, with support from the 100 day moving average, releasing a bullish potential. The target is found by tracing the height of the rectangle at the exit point. We therefore target 510 points with an intermediate target at 482.50 points. We place the invalidation of this scenario below the last low point at 433 points.
|Traker’s Name||Leverage||Expense ratio|
|EasyETF Euro STOXX||x1||0,30%|
|iShares EURO STOXX (DE)||x1||0,21%|
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research