Swiss market analysis based on technical analysis

Part 5

Dear investor,


The Swiss stock market closed again in the red on Friday. Although the indices had started to recover moderately over the course of the day, they revealed their gains again in the late afternoon. The previous day, dark economic forecasts by the US Federal Reserve and the fear of a second wave of corona had weighed heavily on the markets.


After the strong rally in recent weeks, an overall correction is not undesirable, it was said on the market. Many investors now wondered whether the recovery in the stock markets had not gone too quickly and too far. Central bank monetary policy and fiscal programs remained important market support, a market analyst at a major bank said. However, this does not exclude the possibility of temporary setbacks.

The leading Swiss SMI index finally closed 0.33 percent lower at 9,796.37 points. For the entire week, there was a clear minus of 3.9 percent. The broad SPI fell 0.34 percent to 12,124.97 points. The SLI, in which the weighting of the three heavyweights Roche, Novartis and Nestlé is capped, lost 0.18 percent to 1,462.40 points. Of the 30 SLI values, 18 closed in the minus, eleven in the plus and one (Swiss Life) unchanged.

Source: tp / kw


Based on technical analysis this week, I found Swiss Prime Site to be a very interesting share. Bullish divergence on this stock looks very good. Current price is 89.65 CHF and support is 86.6 CHF. SPS is a real estate company that mostly rents out spaces for companies. Since some companies are more or less affected by the crisis, this will also leave traces at SPS. Recovery should be quieter, but it still has a lot of potential upwards.


It is important to mention again that the technical analysis I do is exactly what we explained in Part 1 to Part3. Therefore it is good to read these parts again. On the basis of these analyzes and current examples, I also made a sample depot where we can follow the development of the whole. And that's something that will come in the next few weeks.


Ascom Holding AG shares are also interesting at the moment. Price is due to a window support from April 9th, 2020. Current price is 6.47 CHF and support that should not be broken (Candle pattern - Harami) at 5.85 CHF.


All purchase recommendations are made based on technical analysis and these recommendations are without responsibility.


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