Watching the FTSE: Is 10700 the new wall?

asked by u/kittipongsangthong · 1d · 4 answers

Been keeping an eye on the $FTSE these past few sessions. We saw a nice push today, hitting an intraday high of 10701.32. The question in my mind is whether this 10700 level is going to act as a significant resistance point or if we're finally seeing enough momentum to push through and establish higher ground. We've had a few tests of that general area recently that ultimately failed to sustain. A sustained break above 10701.32 on decent volume would suggest further upside, potentially towards 10800. On the flip side, a rejection from here, especially if we close significantly below today's open, would invalidate the bullish scenario for now and suggest we're still range-bound, with a retest of 10604.25 (today's low) or even lower levels on the cards. It's a key spot to watch.

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Top answers

  • u/siripornrattanakorn· 1 pts· 1d

    ผมก็เล็ง 10700 อยู่เหมือนกันครับ มันดูจะเป็นแนวต้านที่แข็งแกร่งพอสมควรเลย ถ้าทะลุไปได้ก็น่าสนใจ แต่ถ้าไม่ ผมว่าอาจจะต้องรอดูว่าจะมีแรงย่อตัวลงมารับหรือเปล่านะครับ

  • u/jelena.marinescu· 1 pts· 1d

    Seems like the FTSE is playing a game of 'just kidding!' every time it approaches that 10700 mark. Wonder if it's got a tiny, invisible 'No Entry' sign up there.

  • u/nattapong.kittisak· 1 pts· 1d

    วันนี้ FTSE ทำ All-Time High อีกแล้วนะครับ เห็นด้วยเลยว่า 10700 น่าจะเป็นแนวต้านที่สำคัญ แต่ถ้าผ่านไปได้ อาจจะขึ้นไปได้อีกเยอะเลย

  • u/felix_a· 1 pts· 1d

    The FTSE has bounced off 10700 several times now. It's not a new wall, it's the same old wall. I'm not seeing enough volume to push through decisively.

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