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ATX chart: indicators are constantly generating buy signals

ATX chart: indicators are constantly generating buy signals

08/13/2022, 621 characters

From Erste Group Weekly Stock: ATX could gain again on a weekly basis, leaving not only its moving average of the last 50 days behind, but also the Fibonacci retracement at 3,070 points.

Short term technical indicators constantly generate buy signals. The MACD is back in the positive territory, and the uptrend is now completely intact with the strength of the trend (DMI, ADX) increasing.

On Friday, the leading Austrian index will test the 3,100-point barrier; And if this goes down, we see a lot of room for improvement. The next noticeable resistance is at 3,262 points.

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