FINLAND OMX HELSINKI 25 INDEX

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features short and long-term analysis of Finland equity benchmarks and ETF from the review section of the latest weekly Global Equity Markets report.

Finland Helsinki General Index is possibly forming a 10 month-long rectangle with the boundaries between 10,000 and 9,340 levels. The upper boundary of the multi-month long rectangle was tested several times over the course of the chart pattern. A breakout can be very positive for Finland equities. Breakouts from rectangle chart patterns are usually reliable. The OMX Helsinki 25 Index is composed of 25 companies and the index is trying to breakout to all time highs. The Seligson & CO OMX Helsinki 25 ETF that is listed on the Helsinki Stock Exchange tracks the OMX Helsinki 25 Index. It was featured in the Breakout Alerts section in the previous report. The ETF is an efficient way to take advantage of breakout opportunity in Finland equities.

The charts below show the long-term price action for the Finland OMX Helsinki 25 Index on quarterly and weekly scale. A daily close above 4,195 levels will confirm the breakout from the 10 month-long rectangle with the possible chart pattern price target of 4,450 levels.

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