Smiths Group has been steadily trending higher for many weeks. The shares are outpeforming the benchmark index and have recently undergone a correction. We are looking to use this dip as a chance to buy for the medium to long term.
I see the price is actually bearish, so I'm short on this pair.
1)Price failed to break and close above resistance zone @ 0.99040 + triple top formed @ 0.99500 zone 2) False Break and retest of descending price channel 3) Daily support broken @ 0.98402 zone 4) Previous Daily candle closed as an bearish engulfing 5) MA's spiralling to the downside adding confluence to bearish momentum 6) A break of the trend line will...
1) Double top formed @ Daily resistance @ 109523 zone 2) Downside shifts in MA's 3) Previous/ most recent daily candle closed below resistance level @ 1.84228 zone, if zone holds + next daily candle close below zone will warrant further shorts. 4) Target 1 @ 1.80041 5) Target 2 @ 1.76786 = Daily support zone giving extra confluence
Looking to add this stock to my portfolio in order to diversify, spread the risk and get more income from dividends. With this stock we can expect at the moment a dividend of 5.71% , pretty good if we see that is also looking to go up both fundamentally and techinically. If you want to build a portfolio of stocks in the most professional way, get professional...
This is a risky play, predicated on a bounce play off previous support. This is also reversion of the mean pertaining to the large selloff two days ago.
www.facebook.com www.investingcopilot.com GBPUSD: The pair has paused its weakness at its key support leaving risk of a return to the upside on the cards. Except it breaks and holds below the 1.4130 level, risk of a move higher on correction is likely. On the downside, support lies at the 1.4100 level
PERFECT ENTRY, H1 - TP1.12495, SL top of channel . www.investingcopilot.com