ISA picks for 2019 – Here’s our top 5

We’re rapidly approaching ISA season again where it will be possible for investors to add another £20,000 to their stocks and shares ISAs. Here is a technical outlook on the FTSE 100 and an opinion on what we can potentially expect in the months ahead.

The index broke above resistance at 7004 and moved towards the next band of resistance between 7200 & 7265. In the short term the expectation is for a corrective move towards the new support at 7004. If buyers return around this level then we can start to believe that a bottom is in place and the market decline from the all time highs at 7904 is over. This should mean the market environment is once again safe to start buying stocks freely. If the index were to sell off below 6733 then the bullish case will invalidate and further downside can be expected.




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