Bridgin' the gapBEL 20 looks like it's gonna fil the gap and if it can keep the 200 MA a new ATH is in the making. Let's go!
(RSI is bullish above 50%)
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
A
BEL20 - finishing minor 2 up, next move is downwardsBel20 continues on its way down to new lows. In the shorter term view, it is ending minor wave 2 soon. After this, the next move should be minor 3, where the most probable target is is below 3,000. If prices crosses up 3,570, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
BEL20 - reaching the end of counter trend rallyBEL20 is reaching the most probable target for wave 2 counter trend rally at 0.618 of retracement of wave 1. The wave count for wave C that will complete primary wave 2 is almost complete. The possible target is at 3,518 before the trend turns down in direction to new lows , but it does not need to
Short BEL 20 indexAs seen there is a historical low resistance level @3123.7, and a fibonacci ratio of 0.382 @3091.265
I've tried to draw the small bullish trendline which will be colliding with these very soon.
This might indicate an end of this short term increase and a fallback to the bearish trend known as the C
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current value of BEL 20 Index is 4,306.05 EUR — it has risen by 0.37% in the past 24 hours. Track the index more closely on the BEL 20 Index chart.
BEL 20 Index reached its highest quote on May 23, 2007 — 4,759.01 EUR. See more data on the BEL 20 Index chart.
The lowest ever quote of BEL 20 Index is 1,178.57 EUR. It was reached on Jun 2, 1993. See more data on the BEL 20 Index chart.
BEL 20 Index value has increased by 2.72% in the past week, since last month it has shown a −3.95% decrease, and over the year it's increased by 11.22%. Keep track of all changes on the BEL 20 Index chart.
The top companies of BEL 20 Index are EURONEXT:ABI, EURONEXT:KBC, and EURONEXT:ARGX — they can boast market cap of 129.47 B EUR, 39.09 B EUR, and 37.25 B EUR accordingly.
The highest-priced instruments on BEL 20 Index are EURONEXT:LOTB, EURONEXT:ARGX, and EURONEXT:SOF — they'll cost you 8,190.00 EUR, 535.80 EUR, and 243.20 EUR accordingly.
The champion of BEL 20 Index is EURONEXT:ARGX — it's gained 54.14% over the year.
The weakest component of BEL 20 Index is EURONEXT:UMI — it's lost −60.33% over the year.
BEL 20 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy BEL 20 Index futures or funds or invest in its components.
The BEL 20 Index is comprised of 20 instruments including EURONEXT:ABI, EURONEXT:KBC, EURONEXT:ARGX and others. See the full list of BEL 20 Index components to find more opportunities.