The Stock Exchange finds triple support with a target of 870 points

LAST UPDATE: 12.34

The Athens Stock Exchange is currently trying to recover part of the lost ground from Friday’s sell off, trying, with the help of Jumbo, Ethniki and Alpha Bank, to follow the positive European climate, but without losing the focus from the epidemiological developments in the country. and internationally.

In particular, the General Index records gains of 1.19% at 869.13 points, while the turnover is at 20.8 million euros and the volume at 8.9 million units. The FTSE 25 also recorded an increase of 1.43%, to 2,088.01 points, while the banking index gained 2.47% to 559.82 points.

Tomorrow, Tuesday closes the month of November and with it the books of foreigners, with the expectations now being very low, as it was impossible for the ATHEX not to be affected by the big movements of the foreign markets at least in the short term. The market lost 5% -10% in the industry indices, canceling half of the year ‘s returns. On the other hand, the market closes 8 months of accumulation within a limit of 100 units and now tries the bottom of the accumulation again.

The technical image

The market is trying to keep away from the large support of 853 points, according to Fast Finance, the breakdown of which could lead directly to 830 points. But it needs a reaction from the level in the zone of 875-880 units, which can come without it meaning something to change the main trend. The move we saw gives us even greater delays in the technical picture for the positive scenario while the significant support of the levels is also at stake.

The FTSE 25 in the first phase must close above 2,085 units to stop the aggressive trend. The 2,050 points is support that split can target in the 1,985 zone. The 2,150 units have become a significant resistance in case of reaction.

In the banking index, the break of 583 points gave an exit. The 534 units or as an extreme intra-conference the 522 are supports and should give a reaction. The 563 points are at the moment near significant resistance that only a patch can test the 585 points.

Dashboard

On the board now, Jumbo is gaining 3.29%, with National and Alpha Bank following with + 2.89% and + 2.82% respectively. More than 1% is the increase in Piraeus, Eurobank, OPAP, Mytilineos, PPC, OTE, Titan, Ellactor and ELHA.

EYDAP, IPTO, HELEX, Hellenic Petroleum, Aegean, Lambda and Viohalko are moving slightly upwards, with GEK Terna and Terna Energeiaki unchanged. On the other hand, Coca Cola, PPA and Sarantis are moving slightly downwards, with Motor Oil being at -1.02%.