UK showing strong upside once breaks above C&H to 9,772
A very large Cup and Handle has formed on UK100.
There are many reasons for the upside to come but here are a few ones I can think of.
📉 2. Undervalued vs. Other Indices
FTSE 100 has lagged behind the US and EU — now global investors are eyeing it as a catch-up play.
💷 3. Weak Pound Helps Export Giants
A softer GBP = stronger revenue for big FTSE names like Shell, BP, Unilever, etc., which dominate global markets.
🏦 4. Rate Cut Hopes Are Back
With UK inflation cooling, the Bank of England might ease up — which is fuel for stocks, especially banks and housing.
📈 5. Rotational Flows Into Value
Traders are rotating out of overbought tech and into solid dividend/value plays — and the FTSE is packed with them.
And this is looking great for upside.
We can expect upside to come ONCE the price breaks above the brim level.
Price>20 and 200MA.
9,772
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