The Stock Exchange ‘wants’ all 880 points per week

The Athens Stock Exchange is moving above the levels of 880 points, in an attempt to close the week above the nearby resistance, in order to improve its technical image even in “more than one”.

In particular, the General Index records gains of 1.08% at 886.38 points, while the turnover is at 3.8 million euros and the volume at 2.1 million units. The FTSE 25 also rose 1.21% to 2,126.85 points, while the banking index gained 1.36% to 572.92 points.

The Scottish shower of the week continues today, with the stock market following the positive climate and the rise recorded by the European stock markets, which are also attempting a positive closing in a turbulent week marked by the discovery of the new Omicron mutation. In Greece, meanwhile, the authorities are happy to read about the increase in vaccination appointments by our fellow citizens over the age of 60. More than 25,000 appointments were made within 30 hours of the prime minister’s announcements.

Technical image

Although the market does not seem to be able to break free from the many months of accumulation of 830-930 units, at least it manages to stay close to or around 900 units for most of the time. In a more limited range, although it was in danger of approaching 850 points again, today it manages to penetrate the first level of 878 points and have better contact with the next level of 890-895 points.

According to Fast Finance, the banking sector needs to recover more than 580 units, in order to help the rest of the market. And as long as it stays above the significant support of 540 units, it retains increased chances of re-approaching 580 units. Respectively on the high capitalization index, the 2,054 points are the important support that must be kept in order not to open lower chart goals. The re-approach of 2,130 units is possible, although they must be broken down at the end of the week, in order to create the conditions for the approach of 2,160 and 2,180 units.

On the board

On the board now, Piraeus, OPAP, ELHA, Ethniki, OTE, Coca Cola, Eurobank, Mytilineos, EYDAP, PPC, Titan, Motor Oil and GEK Terna record profits in excess of 1%, while close to 1% is the increase in Aegean and Alpha Bank.

IPTO, HELEX, Jumbo, Lambda, Viohalko, Terna Energy and Ellaktor are moving slightly upwards. PPA and Hellenic Petroleum are still unchanged, while Sarantis loses 0.23%.