Last post: See link below.
Review: Price was stuck in a large period of consolidation and was not presenting any trading opportunities.
Update: Price has now broken out of consolidation, which lasted over 2 years, and looks interesting again.
Conclusion: We want the current support level to hold followed by a break of the previous high before we look for any...
Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Last post: May 14th. See chart .
Review: Price had approached a resistance area.
Update: Price is currently at another strong resistance area.
Conclusion: We need price to break the first resistance level then the next one before looking at trading opportunities here.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Review: Price is at the 50 simple moving average, using it as resistance
Conclusion: Patience needed until the break and close above the 50SMA, then a break above the 6th June 2017 high
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
The RSI has turned lower from the overbought region and is overbought on the weekly and monthly time frame. The data released by the payment company Visa earlier today showed the consumer spending fell further in April, with online spending falling for the first time since September 2013...
Looks like the share price is on its way to test the rising trend line...