Time To Begin Cherry Picking Stocks On FTSE100 For Long TermAnother good opportunity is beckoning! If FTSE100 could decline below 70.7% fib level, this is the right time to start selecting valued stocks for a long term investment.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Ftse100
FTSE Decision Time...I believe this downward trend line is extremely significant, I would not consider a long position until it has broken it, and even then I would expect a retest if this structure.
I would target a profit in the region of 5850-6030 if it does break.
Should the TL hold firm I would expect a move to 4,000 fairly sharpish.
FTSE potential pullbackSo today USA pours massive funds into the system and markets responding by a having a good pullback.
We are massively oversold, a pullback could be due.
Seeing a technical resistance here to potentially pullback to 5700 and 6000.
Of course still dependant from the virus, any news about spikes in UK area could drag it down.
Good Luck!
FTSE100 Already Lost Over 50% Of Its Bullish RallyFTSE100 bullish trend started 2009 has lost more than 50% of its value till date. If 61.8% fib level is not strong to hold its reversal, then the index may as well be looking towards 70.70%/78.60% levels.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FTSE100 Long Trade AnalysisI am looking at a potential bullish set up for the FTSE100.
Technically there is a nice key price level at this zone around 6000. The lower 1hr timeframe shows price bouncing off an intraday support level and if the upper bearish trendline is broken then we could see some movement to the upside.
There is also a lot of fiscal stimulus coming from the UK government budget and preparations for corona virus to be controlled.
#FTSE100 #UK100 Falling Knife Buying Opportunity (Bat & Crab)Traders, it is usually a buying opportunity in markets when there is blood on streets. FTSE100 (UK100) is about to complete a bat pattern and crab pattern in a zone. This is a weekly chart but can give a good opportunity for a bounce up. Don't trade it for extended targets though.
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FTSE100 Already Provided Clues Of Market BreakDown Before COVIDLooking at UK100 monthly chart, it is evident that the market is ready for collapse before the outbreak of coronavirus. Covid-19 is just the stimulant needed to accelerate FTSE100 market structure breakdown. With L-H and L-L completed in September 2019, market structure for breakdown was long completed but most people (including myself) missed that...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Taylor Wimpey Stock Price Potentially Can Re-Test Its Swing HighWeekly just made a new high before the stock price fall to test support level @ 193.05. Potentially, TW can re-test the swing high at 237.10, however, further decline below 185 is more desirable before buying the stock.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FTSE100 Most Likely Will Touch 7000 In A Couple Of DaysIf you trade stocks on FTSE100, opportunities are coming up to get some stocks at a cheaper price. The index retracted a little bit on touching the rising trendline, however, the bearish candlestick indicate possibility of going lower even if the index pullback early next week...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FTSE: Bullish and bearish scenario explained.The UK index was strongly sold near the 7,730 Resistance this month and has so far reacted with a decline. This drop is so far being contained on the 1D MA200 (orange line). 1D has turned neutral (RSI = 47.582, MACD = 11.270, ADX = 21.739) which is normally an indication of support.
Following the Golden Cross late in December, this sequence is similar with the last Golden Cross occurrence in April, 2019. Same pattern with a top afterwards, rejection and support on the 1D MA200. So as long as the orange rectangle (seen on the chart) holds, we are bullish towards 7,670 - 7,730. If the orange barrier breaks, then selling will most likely escalate towards the 7,000 1W Support.
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JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between
December 2018 to May 2019.
Price became exhausted and went into consolidation from May 2019 to September 2019
and the breakout in September was the first indication of further trends to come, which
is what we are currently experiencing.
This has not been the neatest of trends but price has consistently been heading to the upside
forming higher highs and higher lows.
Price may become exhausted again and form a period of consolidation and in that case,
we would just need to wait for a breakout to confirm a continuation of the bull trend.
A break above £8.90 should see further moves to the upside and give us the opportunity
to add to our already profitable positions.
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