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Technical Analysis: EPRA EUROZONE : continuation of the bullish momentum

EURO

The EPRA EUROZONE Index contains 29 property stocks ​​representing the Real Estate side of the Euro zone. It presents, in the medium-term, a bullish momentum as evidenced by the orientation of the 200-day moving averageand the inclusion of bottoms and tops which are higher and higher. We have no evidence yet that challenge this trend...


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Day By Day – Indipendent Research


28032011 1


 

Close price 1713,47

2 months Opinion BULLISH
2 weeks Opinion POSITIVE

Resistances 1715 / 1802 pts
Supports 1632 / 1540,9 pts

Anticipation  :
More recently, prices mark a strong bullish momentum, after an excessivebearish impulse realized below the support at 1632 points. They are now in contact with the resistance at 1715 points, already tested in October 2010 but without success. The strength of the current movement, illustrated by the slope of the curve should allow for the overflow of this barrier, releasing an important upside potential.
We are positive in the short-term, and considering the rallying towards the resistance at 1802 points.
We set the invalidation threshold for this positive opinion slightly below the support at 1,632 points.


Traker’s Name Leverage Expense ratio
EasyETF FTSE EPRA Europe x-1 0,45%

* 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.

 


DISCAIMER

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Source: ETFWorld – Day By Day – Indipendent Research

 

 

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