Technical Analysis – UK100 stock index struggles near 6 ½-month lows; risk skewed to the downside
Posted on October 15, 2018 at 8:31 am GMTUK100 stock index (FTSE 100) has been under severe pressure over the past two weeks, tumbling to a 6 ½-month low of 6920.60 last Thursday. While the MACD and the RSI have somewhat improved in the four-hour chart, with the former gaining strength above its red signal line and the latter inching above its 30 oversold threshold, chances for downside corrections remain high as both indicators continue to hold well into the bearish territory; the MACD far below zero and [..]