FTSE Top 200 Weekly Technical Strategy
Stockcube’s Model Portfolio currently has 29 Longs (avg. gain +5%) and 18 Shorts (avg. gain +10.5%) - net position increases from 9% to 23%. Within sectors, F&B, Banks and Tobacco remain at the top of the price and relative range; Leisure reasserts downtrends; and Real Estate makes new relative lows, but becomes overextended. They recently opened longs in Beazley Group (tests medium term highs), Just Eat Takeaway (develops short term base) and TP ICAP (confirms short term price and relative base) along with a short in United Utilities (forms short term tops).
Edition: 144
- 16 September, 2022