Buy trade under management, week 13: +14.77%
European Bank ETF, -0.2% for the Week: EMA20 Bounce and Early Fatigue to Watch
Buy trade under management, week 13: +14.77%
Our view last week
The European bank ETF iShares STOXX Europe 600 Banks, listed in Frankfurt (Xetra), is in week 12 of a buy trade under management, up 14.97% since entry. The model's coverage is complete: all 3 statistical references have been hit, and the stop now tracks the Inversion Point, in the 38.9 area. On the technical side, the past week closed with decisive buying, though with a few fatigue signals worth watching.
This week's summary
Weekly technical analysis. Europe's iShares STOXX Europe 600 Banks basket revisits its daily EMA20, in the 40 area, and bounces 3% off it, yet the week closes almost flat, -0.2%: contracting volume and a weak last candle confirm the fatigue flagged a week ago. Price stays boxed near its all-time highs, in a very tight band in the 41.4 area. The trade has been running for 13 weeks, up 14.77%.
IQS Phase
79
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#20 / 60
EU-UK stocks in progress
Trade P&L %
+14.77%
from signal to today
restricted Platinum content