EXH4: double bottom confirmed, up 1.6% on the week
EXH4 climbs 1.6% and confirms the double bottom in the 114 area
EXH4: double bottom confirmed, up 1.6% on the week
Our view last week
Europe's industrial goods basket (EXH4) closes another week lower, down 2%, but the pace is slowing from recent days: momentum collapses from nearly 8 points to under 1, and sellers, still in the majority at 66% of volume, carry less weight than a week ago. Price stays boxed in a tight band between the 114 and 117 areas, with money flow still positive but thin. The trade's gain slips further, to 2.4%.
This week's summary
In our EXH4 technical analysis, this ETF on European industrial goods stocks closed the week up 1.6%, confirming the double bottom carved out in the 114 area, from which price had already rebounded roughly 7%. The weekly structure stays bullish, but the first signs of fatigue are showing: volume has contracted and candle-body conviction is gradually fading. The trade is 4% in the money from entry, at week 15 of management.
IQS Phase
59
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#20 / 59
EU-UK stocks in progress
Trade P&L %
+4.01%
from signal to today
Rank position
ranks 20th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXH4 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content