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Neighbour: Looking for another rally above 6000 in FTSE 100
Joe Neighbour is looking for a repeat of yesterday's rise above 6000 in the FTSE 100. The index had started off the day yesterday weak but rallied and then fall back. Joe sees this scenario as an opportunity: "...this leaves us on the charts with quite a nice inverse head and shoulders pattern. This looks best on the 30 mins and 60 mins charts. The pull back after hours has seen the index touch and bounce from the neckline of this pattern at 5920. This for me is a cue to buy. My medium term view remains bearish, but in the near term I think there is scope for a decent push higher."
01:17 minutes
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