Buy signal under management, week 13
Vanguard FTSE Europe ETF slips 0.9% as sellers retake control
Buy signal under management, week 13
Our view last week
Vanguard FTSE Europe ETF is in week 12 of a buy signal and has already hit all 3 of the model's statistical references: coverage is complete and the stop now tracks the Inversion Point. The trade is up 2.63% since entry. On the technical side, the latest week saw buying volume turn dominant again after two selling weeks, with price squeezed between a nearby support and resistance.
This week's summary
Weekly technical analysis. Vanguard FTSE Europe ETF's bounce is losing steam: after a week of dominant buying, sellers took back control with 53% of volume and money flow flipped negative again. Price is boxed into a tight band between the daily Bollinger midline in the 88.7 area and the daily pivot in the 88.5 area, above the double bottom carved out in the 87 area in prior weeks. The European basket is up 1.73% since the buy signal opened.
IQS Phase
50
ordinary
Signal Strength
41
medium · weak
Sizing
REDUCED
Ranking
#88 / 129
US stocks in progress
Trade P&L %
+1.73%
from signal to today
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