UK 100 Index: Potential Further Upside


Published On: 15 September 2023, 12:30 PM | Jun Yuan Kwong, Dealer

Key Entry Price Pivot(s):
  • 7730

    • Recommended Trade:
  • Long above 7730, take profit at 7860, stop loss at 7630

    • Alternative Case:
  • Short below 7730, take profit 7530, stop loss at 7830

    • Remarks:
  • UK 100 Index had recently broken out the downtrend line and 200 EMA resistance level with a strong bullish bar on 14 Sep 2023.
  • We could potentially look to take a long trade on the UK 100 Index if there is a follow-through on 15 Sep 2023 in order to confirm an uptrend.