The MSCI EMU SMALL CAP is an index measuring the performance of small caps in the Euro zone. It showed, since the month of May, a bearish trend guided by the 50-daymoving average....
Day By Day – Indipendent Research
In the shorter-term, the index exited from the top of a bearish channel. It simultaneously overflowedthe 50-daymoving average.The trend has reversed to the upside. We are thereforeshort-term positive and we forecast rallying towards the resistance at 138.50 points, the last peaks of August.
A pullback is possible to test the support at 129.10 points. We place our stop-loss below this threshold
| Close price | 134.76 |
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| 2 months Opinion | BULLISH |
| 2 weeks Opinion | POSITIVE |
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| Resistances | 138,5 / 144 pts |
| Supports | 129,1 / 120,2 pts |
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Follow-up Analysys: Our DBD Tracker dated 07/10/2011 recommended the AEX index. Since then, prices have overflowed, and therefore the position offers a performance of 2.56%.
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Source: ETFWorld – Day By Day – Indipendent Research
