- During my daily analysis of the Netherlands 25, I recognize that this asset is ready to break out, and this index is one that may not be on your radar.
- Because of this, I am bringing it to your attention that it does seem to be in the midst of “stair stepping” it’s way higher, as we have seen for some time.
- It is interesting that the European indices all seem to be moving higher, but it’s also worth noting that the Netherlands has been stronger than many of the other more traditional indices.
Technical Analysis
Meanwhile, in Amsterdam we have seen a lot of buyers out there willing to jump in and take advantage of the index any time he gets cheap. The resistance barrier, near the €935 level, continues to look as if it is being pressed against, and I do think that it is probably only a matter of time before we break out. If and when we do, it’s likely that the index in Amsterdam will be moving right along with Germany, Italy, and of course France. All things being equal, the fact that we are essentially at all-time highs suggest that Netherlands continues to be one of the big winners in the EU.
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Any pullback at this point in time will end up being bought into from what I see, and I recognize that the 50-Day EMA, currently hanging around the €910 level, is a major support level. It has already been tested a couple of times and has been held quite nicely. We have been consolidating for roughly 3 weeks, and now that we have peaked above the previous resistance barrier, it looks like we are ready to go much higher.
Even if we did break down below the 50-Day EMA, I just don’t see a situation where you are selling the Netherlands 25 index anytime soon. Furthermore, with easy be cutting rates and possibly loosening monetary policy going forward, it’s probably worth noting that money will continue to flow into stocks in order to be potential currency devaluation. Beyond all of that, the Netherlands continues to perform much better than some of the other economies in the European Union.
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