RSI divergence also emerging, watch the gap at 5892
Thanks for viewing, Sorry guys, I'm still forming an opinion on this one. There is a nice multi-year base in place. Multiple coincident zones just below the base, but the wave count is a bit hard to work out. I'm just doing this to keep an eye on it.
Thanks for viewing, I'm not sure I have the time to include my full reasoning. - June 2020 reported both revenue and EBITDA down 7% yoy, which is certainly less of a decline than a lot of businesses - and way less than the drop in UK GDP overall. - Profitability at end of March 2020 was pretty good, and after reporting an interim dividend of ~4.7% (the interim...
Be very careful taking this trade. I recommend scalping and being especially careful of Boris (I'm pretty sure he is long term shorting the FTSE 😂).
Target in the area of long-term support level.
Technical: Daily structure Higher High's & Higher Lows 4hr Descending Channel Weekly Fib 4hr Fib 4hr 800ema 1hr minor ascending trendline Weekly support in red Daily resistance in grey 4hr support in purple 4hr resistance in purple Buy Entry: Target - Daily resistance & 23.6% 4hr Fib Break of descending channel Break of 4hr resistance Further Buys: Target...
Following inline with DAX30, we see some willingness in this asset to trade higher, wanna see price breakout out of the compressed wedge to enable us take more buy positions
#Nasdaq setting up for more downside. #SPX500 could have completed the C leg as its move is equal measured. Although, big picture S&P500 could well correct to the fib 50 of the last wedge down at $2,892 #FTSE has had an extended B leg so I am expecting an extended run up to £6,708 the 618 fibonacci retrace or £6,867 the fibonacci extension. That's what I am...
We looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post) Our support has been taken out and the day started red... Let's have a look at the SPX chart and see what it has to say. Chart Analysis | SPX Daily (D) @AlanMasters We now have full bearish indicators...
The FTSE100 (UKX) looks strongly bearish while aiming lower. We have multiple signals that support the above... 1) Prices moving below EMA10/21. 2) MACD trading below the zero line and looking weak. 3) The RSI is trending lower yet still good. 4) Bad news for UK with a new lockdown likely taking place. 5) Less political manipulation of the market allows easier...
simple buy setup. stay bullish till 7500+ good luck.
Uptrend & 20SMA broken. First support at 5965
$UKX Hourly - Bearish RSI divergence becoming more prominent
Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing...