L&g 2xs Fts100 Share Price (SUK2)

Sp, require s to close above 356.70, to cause a bullish pivot break . RSI, is near, 50, and a cross above 50, would give extra validation to a bullish break upwards .

Sp, requires to close above 373.84, to create a bullish pivot break . Also to give additional confidence , the RSI(relative strength index), requires to move above 50.

I think that if the FTSE100, can close below 7353, it could trigger a fall to 7000, or lower. The intraday FTSE100, is below 7353, due to significant reaction today. However , it would be best to wait for close below 7353, before speculating a position.

If the sp, can close above the price pivot at 381, buy, with a price target of 436.

Background information is that there is a higher bottom and higher top, formation, which is bullish, and indicates the probability of a subsequent higher peak, once the current retracement, is finished. Consider placing a stop below the low price of the current retracement.

If as appears likely, the sp, can remain above the price pivot of 382.27, this will signify 2 days , above the pivot, which will be confirmation of the break upward.