Typical head and shoulders pattern. Looking to sell once the neckline is broken and closed below. Confirmation on the following day when low of breakdown bar is broken. Profit 1 10.35 and move stop loss to break even. Profit 2 8.75. If overall market continues to fall it may be worth holding a small position to see if profit target 3 can be hit.
REASONS TO BE BEARISH Recently lost the 100 week SMA and just re-tested it for resistance Fell out of the exponential green top zone in March 2021 As far as the RSI is concerned, broke into the bear zone (below 40) and confirmed it for resistance failing to reclaim 60s Target of 2,700p would coincide with the 0.618 fib retrace of the entire move from...
Cineworld Group Short Term - We look to Sell a break of 25.37 (stop at 28.52) Trades with a bearish descending triangle formation. A move through 25.50 will confirm the bearish momentum. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile. Our profit targets will be 17.68 and 15.10 Resistance:...
S4 Capital Short Term - We look to Sell at 292 (stop at 314) We look to sell rallies. Broken out of the channel formation to the downside. The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 223 and 210 Resistance: 290 / 350 / 500 Support: 250 / 200 / 150 Disclaimer –...
Rolls Royce Short Term - We look to Sell a break of 81.96 (stop at 86.87) Bias is mildly bearish today but we need to see a break of 81.96 to confirm the downward pressure. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We look for losses to be extended today. Our profit targets will be...
Barclays - Short Term - We look to Buy at 187.74 (stop at 177.66) Preferred trade is to buy on dips. Previous support located at 190.00. Prices expected to stall near trend line support. Levels close to the 50% pullback level of 187.16 found buyers. The primary trend remains bullish. Our profit targets will be 219.38 and 227.80 Resistance: 200.00 / 210.00...
EasyJet - Short Term - We look to Buy at 651.8 (stop at 610.0) Preferred trade is to buy on dips. Previous resistance, now becomes support at 650.00. The bias is still for higher levels and we look for any dips to be limited. The medium term bias remains bullish. 20 1day EMA is at 635.00. We look for a temporary move lower. Our profit targets will be 797.8...
Avacta Group - Short Term - We look to Sell at 99.10 (stop at 112.85) Preferred trade is to sell into rallies. Previous support level of 105.00 broken. 50 1day EMA is at 100.00. Previous support at 105.00 now becomes resistance. Trading close to the psychological 100.00 level. Further downside is expected although we prefer to set shorts at our bespoke...
Lloyds Bank - Short Term - We look to Buy at 50.06 (stop at 48.36) Preferred trade is to buy on dips. Previous resistance, now becomes support at 50.00. 50 1day EMA is at 49.80. The 50% Fibonacci retracement is located at 50.18 from 44.36 to 56.00. This move is expected to continue and we look to set longs at good risk/reward levels. Our profit targets will...
Tesco - Short Term - We look to Buy at 284.00 (stop at 275.00) Preferred trade is to buy on dips. 50 1day EMA is at 282.00. The bias is still for higher levels and we look for any dips to be limited. Daily signals are bullish. Dip buying offers good risk/reward. Our profit targets will be 308.00 and 320.00 Resistance: 300.00 / 310.00 / 320.00 Support: ...
Capita - Short Term - We look to Buy at 33.70 (stop at 31.08) We look to buy dips. We are trading at oversold extremes. Price action moved lower but found support at 34.00. We look for a temporary move higher. A higher correction is expected. Risk/reward is ample to call a buy trade. Our profit targets will be 48.89 and 55.00 Resistance: 45.00 / 50.00 /...
Rocket is about to take off. Look at this weekly volume and candlestick in relation to recent history. This share is way oversold. IPOd at 500p and lost over 70% of its value from ATH due to untrue and inflated press reports. The business is doing brilliantly
LSE ISPY ETF London Stock Exchange - L&G Cyber Security - Exchange-traded fund - Weekly view In the post-COVID-19 scenario, the global cybersecurity market size is projected to grow from USD 217.9 Billion (£159.3 billion) in 2021 to USD 345.4 Billion / £252.5 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 9.7% from 2021 to 2026. The market's...
Hello guys I offer you the experience of the safe trend indicator in the global financial markets. Main Market: Tadawul (TASI). Country: Kingdom of Saudi Arabia. Stock: 2330 Time interval (trading candle): 3 months. Long term investing. Safe Trend Indicator. Yes, By Muteb - There is a trace.
Hi my name is Mutab. 42 years old. Interested in following the stock market. Innovative of ( safe trend indicator ). a great indicator for a long-term investment. Keeping up with the rising waves and avoiding the descending waves, to achieve amazing long-term investment goals. ------------------------------------------------------------------- What distinguishes...
HI Traders! will be looking at going long on this trade!
FTSE, Has completed this huge daily harmonic pattern since before the Covid pandemic, We could see a massive sell of in the indice, Money running to the $ could see a massive collapse in global stock markets, because they too me seem very over priced, considering the state of the overall world economy right now, with tensions brewing China, is it possible we see a...