PPB's investors haven't had much to laugh about this year, not even their comical television adds could cheer them up, i'm sorry to say that from the looks of the daily chart the stock could be in for some more pain soon. After a tremendous run in may the stock has seen a lot of downside until finally finding support at the 6000 level currently the price is having...
FTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension ) Stochastic (55,5,3) is also...
There is a major resistance at 7300 area around daily MA200. Most likely going to have a reaction of 40pts or more
If FTSE rallies to 7210+ , sell for 40pts as FTSE is a bit over bought at the moment.
Bullish channel on FTSE MIB on the daily chart. 20226 could play resistance. ***As usual, not a trading advice of any sort. Informational and educational purposes only***
This is by far the BEST video that will line everything up for you by me. I gave it MY ALL with trend analysis and elliott wave. be ready and spread this video within 48 hours to help everyone for this last move higher.
Possible short if downward trend breaks through 6700-6650 area.
This weeks recovery rally is spluttering, and sentiment remains bearish, FTSE 100 is being held down by the downtrend line and Bulls are getting tired, next buy level is 2775, watch and wait, I would guess that we will hit this level by the end of the week or Monday, I think this will be the low and we will see stocks pick up over the next few months in line with...
There are two huge levels for the FTSE 100 A) The 2007 Peak at 6950 -- below here now B) The 2000 peak just below at 6750 - testing here now While we're below these levels - the bull market in the UK - and possibly globally - is over
Should be around March 2019, there is a long opportunity very soon if index hits 6686, just an idea but fits symmetrically very nicely.
RSI divergence. Short through 7030, stop above high with a buffer, target 6930 area.
The UK market is hovering at important support, a break targets 6670 (ish). Anything more serious look left to the performance of the FTSE in bear moves.
What do I see from the charts.. The FTSE 100 is the highest its been ever. Mainly due to the fact a weaker pound has improved the price competitiveness of our exports which has pushed the ftse over the last two years. Of course, the main factor of this chart is going to be news on brexit, so concentration on brexit news will be important. The relationship...
Globally, not looking good after this week's close
Look at how regulated markets that only operate for 6.5 hours a day are destroying wealth. Bitcoin is steady as a rock. There will soon be a flippening where money from global stock markets enter bitcoin.