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Trendtrader

Sopheon Breaks SupportLast post: May 22nd. See chart . Review: Price was struggling to break through the £10.00 round number then moved down and was approaching the support level. Update: Price has broken through the support level and is now heading towards the 50 simple moving average. Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities if the 50 simple moving average holds price up. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
SLong
by Sublime_Trading
Hiscox Still Looking BullishThis stock/currency is featuring for the first time on our TradingView blogs. Current setup: Price has been using the 50 simple moving average as a springboard helping it to continuously trend up. Conclusion: We are currently seeing a small period of consolidation but we will look for entry opportunities if price breaks above the resistance level. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:HSXLong
by Sublime_Trading
Sopheon Still Struggling At ResistanceLast post: May 15th. See chart . Review: Price was struggling to break through the £10.00 round number. Update: Price is still struggling at this psychological level. Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities but a break of the support level and price may move further down and towards the 50 simple moving average. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
SLong
by Sublime_Trading
Unite Group up 22 pointsUnite Group has moved up 22 points since the last post here. A strong move is expected considering that price broke out of a long period of consolidation. Do bear in mind that the £10.00 psychological round number resistance is not too far above which may slow price down. Last week ended with a strong bullish bar and if the momentum continues then the £10.00 round number should not be too much of an issue. Price is bullish across the Monthly, Weekly and Daily timeframes which are clear signs of a bullish stock. We will be waiting for the next breakout to consider a trade. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:UTGLong
by Sublime_Trading
Evraz Still ClimbingEvraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder. Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend. It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here. Since the last break of resistance we are seeing more strength and if we see a pullback, there may be a retest of the resistance which was previous support. This support level also coincides with the Previous all-time high set back in January 2012 so may prove to be a hard level to contend with.
LSE:EVRLong
by Sublime_Trading
Evraz Making New All-Time HighsEvraz PLC is now sitting comfortably above the previous all-time high and still looking strong. On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend. In May/June 2017 price used the Weekly 50 simple moving average as support. Then in November 2017 and February 2018 price used support areas as a springboard to propel it higher. Now that price is making new all-time highs there is not any previous areas of resistance in the way of price. We will have to be wary of round numbers but the next major one is at £10.00 which is some distance away so nothing to worry about for now. When this stock was launched on the stock market in 2011, it declined for a few years and only started the uptrend in February 2016. The uptrend has been going on for 2 years and there is no telling how long it may continue on for. One thing is evident which is that this stock experiences deep pullbacks so it is a trade that will need a lot of patience while it recovers from these pullbacks. We will see if we can get that second breakout if price retests the support level. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:EVRLong
by Sublime_Trading
Sopheon Still TrendingSopheon PLC has progressed since our last post here where price was at £8.42, and now stands at £9.12 at the time of writing this post. We have highlighted the area of consolidation which was from March 2017 to January 2018. The longer the period of consolidation, the bigger the trend may be that follows a breakout. As this period of consolidation lasted almost a year, we can expect a big trend which is what we are seeing so far. On the Weekly chart shown, we can see there has been mostly bullish bars indicating strength with the buyers and good momentum to the upside. If the momentum continues like this as price approaches the £10.00 round number then it shouldn't cause much problems in stopping/slowing down price. As £10.00 is a strong round number, anything can happen when price meets it so it will be interesting to see what the outcome is. Right now we will be standing aside here and looking for trades if price breaks through £10.00. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
SLong
by Sublime_Trading
Genel Energy Beginning To Trend?Although price was previously in a downtrend Genel Energy is showing signs of heading in an uptrend now. On the Daily chart price is already above the 50 & 200 simple moving averages which gives it a bullish bias. Right now price appears to be fast approaching the Weekly 200 simple moving averages which may act as a strong resistance level. This stock is not yet ready for a trend trade for the above reasons but it is worth adding to the watchlist as there is a lot of potential for a strong trend if we see price break the 200sma. Since March 2017 when the low was made, we are starting to see higher highs and higher lows which is the first and obvious indication of an uptrend and the pullbacks are starting to be smaller in depth which is what we want to see. We will be keeping an eye on this stock and taking action when the time is right. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:GENLLong
by Sublime_Trading
Burford Capital Nearing A BreakoutBurford Capital is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon. Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we may see it go into a period of consolidation. How long a stock stays in consolidation for is unknown and the best way to trade them is to wait for price to breakout either to the upside or the downside. As price is not too far away from the all-time high we may see a breakout soon and today's bullish bar was fairly big. We will now have to wait until next week to see if the bullish momentum can continue. Once we do get a breakout there will be opportunities to go long for those who have been patiently waiting. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:BURLong
by Sublime_Trading