BG Trends – 05.DEC.09


Special Case

I would like to show a tradable index BTXEUR  (more information here ) based on 7 most liquid companies listed on Bulgarian Stock Exchange. Index continue its consolidation phase after Aug and Sep RUN UP.

BTXEUR index – TRENDS

Short-term trend – DOWNMid-term trend – DOWN, Long-term trend – UP

Trends are subject of revision on daily basis after market close. Long – term trends are revised on weekly basis after friday close.

Trends are based on my mechanical trend following system. They are NOT trading recommendations.

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One Response to BG Trends – 05.DEC.09

  1. […] very important support area at least for main two indexes SOFIX and BG40 (see my previous post here). Technicals went in deep over sold conditions and at the end of the week most stocks and indexes […]

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