NYSE:UL is trading above the 200 MA with a minor downtrend, break of the trend will target around 64$. A close above all-time high will open the way for more gains. A good stock to hold for the long term with high dividends. Hit the like button and follow if you find this useful :) This is only my own view and not financial advice, do your own analysis before...
Inverted H+S set up and a lot of retail selling which pushed me to buy
Oversold, on lower trend line, building positive divergences, final drop to flush weak hands ? Long with stops below the lows, good risk/reward.
Entry was 6454.6 Stop Loss 6402 TP 6663.6 Regards Darren
Hello all DuncanForex here with a follow up on my trade idea that I've been watching since Feb 2020 - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and...
Into support - similar structure to H2 2020. Expecting more upside Best, HF
Trade idea Impulse move now corrected to the initial demand zone IF unchanged / positive Economic data Look for potential Longs 19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.
FTSE100 UKX - Range Bound - WHERE TO NEXT? Technical View: Resistance: 6782.5, 6823.0, 6900.5 Support: 6677.7, 6627.6, 6610.9, 6535.8 (200EMA) Pattern: Multiple formation Bull Flag / Triangle Formation How to approach this trade idea: - Add alerts at key break out areas - Wait for the break out and trade the pull back - Check the key Fibs matching S&R...
Break of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target. Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns. Good Luck and Stay Healthy!
This has retraced as expected to previous resistance and 0.5 Fibonacci. I will be waiting to see how this develops before entering a long as this could drop further, watch for the EMA's to cross back over or come very close to. If the price does hold this level then a target TP can be 7031.
Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. With the Yen seen as a safe haven, this trade is to compliment my currently active short on the FTSE. The FTSE...
A falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level. Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic. Please support...
Premier Oil a UK oil contractor, doing well recently with OIL beginning to regain lost ground since covid. appears to have made a double bottom. technicals dont always work in your favour in Shares but its looking likely to my eye and as such has earnt a small percentage position in my stock portfolio.
I believe this will retrace to the previous highs between 0.5 and 0.618 of Fibonacci and find support at this level
This is how I see the major stock indices right now.
Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to...