Technical Analysis: Epra Euro Zone : bounce off the support

The EPRA EURO ZONE Index is composed of land stocks representing the real estate side of the Euro zone. Since a low point marked in March 2008, the Index follows an uptrend confirmed by the orientationof the 100-day moving average.We are positive in the medium-term. .....

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Day By Day – Indipendent Research

Anticipation :
Over the past two weeks, the Index has declined quite sharply. It is now located at an important threshold, which combines three technical elements: the 100-day moving average, the 38% retracement of the rise, and the former peak at 1540.9. The Stochastic indicator is in an oversold zone and it increases the likelihood of a rebound. We are positive in the short-term, and we’re aiming for a return to the peaks at 1715, with an intermediate target of 1632. We set the invalidation threshold for this positive opinion slightly below the major support at 1540.90 points, at 1530.

* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.

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Source: ETFWorld – Day By Day – Indipendent Research