Best Buying Zones for the Swiss 20 Index
The Swiss index rebounded from daily demand zones near the 12,000 level, breaking the downtrend and breaching key resistance levels. It has also established strong buying demand zones, strongly indicating a return to buying dominance.
Currently, the outlook suggests continued upward movement for the index in the long term. Therefore, it is advisable to focus on buying opportunities during any corrections.
Expected Targets
If the index tests the new demand zones near the 12,653 level shown on the chart, we expect to see it rise again, targeting 12,800, 13,000, and 13,200 respectively.
However, if the index breaks below these demand zones and closes below them, the expected analysis will be invalidated, and we may see a decline back to the 12,000 level.
