It's been almost 2 months since we last looked into FTSE 100 (UK100) but the index didn't fail to deliver as it hit our 7535 target (see chart below) and got rejected inside the 6-month Resistance Zone:
Despite the inability so far to break above the 7690 - 7750 Resistance Zone, the index did succeed at making the first important bullish break-out above the...
One of the Uk's 'big four' banks, Barclays bank is looking to make a comeback after being in a corrective phase(or downtrend) for more than a year and a half.
The stock made an impulsive up move from the march 2020 bottom and the same went on till Jan 2022.Since then however the stock entered the 'wave 2' correction and has remained in it for more a year and a...
A down trending value area
Sellers resistance at top value area edge
Daily stochastic at high extreme
5/20ma cross trigger
stop loss previous high
target value area control line or possible lower edge value area
exit at re cross of 5/20ma
find the big value area on the 4hr or daily chart.
find the small value areas within the big value area on the 1hr or 15min chart.
when price moves to the outer edges of the big value area
wait for a break of the small value area there.
look for a rejection of that area for the entry.
stop loss the small value control ling.
target the big value control line.
This is a friendly note, just to say, don't sell too early. I don't want you sitting at the dinner table at christmas, with a frown on your face.
Purely from what this chart is saying; forget about all the positive fundamentals going on in the background.
(1) We had an impulse move from the lows down @ ~40p, up back inside the previous range and on to 130p....
Something tells me this is your last chance to get on the AVACTA train.
Fundamentals
- We are awaiting the results of phase 1 trials, and all things are pointing for it to be very positive.
- A great pipeline of drug development
- Possible Take-over bids incoming
- With a little research, the list goes on and on to be honest for Avacta.
Charts
- Higher time...
Here's a macro macro (1 week chart) deep dive on GGP:
- No fundamentals here, just looking at the chart zoomed way out.
- Price bounced from the 0.786 fibonacci retracement (1 week chart). A good place for an entry, but only in hindsight now.
- Looking for this level to hold ~ 9.44, and on the lower time frames it looks as though price action is trying to form...
First entry £59 - Target 1 £82
Price broke Febs highs and retraced through the month to my sweet spot for another entry @ £65
Profit taken at £82 with the majority running like Mo Farah 😎🇬🇧
Hello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The...
Sometimes only one line can tell us a lot more than we think about the technical scope.. There isn't much to say about #WIZZ, I think there is a new risk of a big drop at any moment, unless the stock price is permanently above the line.. Also, due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult...
After the big drop, we see a recovery in the price of the stock.. At the point we have reached, there are indications that the positive outlook in the stock will continue..
First of all, when we look at the daily chart, we see that the downtrend has broken upwards and the price is below ma20.. Also, the RSI is now above (42) reference values, which seems very...
LSE:RUSB is an ETF on 22 investment grade Russian USD denominated eurobonds. At current moment RUSB trades at significant discount to its own basket. This is a unique buying opportunity that can be captured either by long only investrors or by arbitrageurs. In case of long only - buy at 23.90 and hold enjoying the recovery of Russian eurobonds or put a sell order...
Hi fellow traders! Tesco really has to potential to move either side tomorrow! Hopefully to the upside however, considering its sale growth, over past consecutive quarters.
Tomorrow, Tesco PLC are going to be releasing their full year results tomorrow (10th April 2019). This could give the potential for this stock to spike upwards. Investors will be keen to see...
