For our last post on Bovis Homes Group which you can find here we had the expected breakout we were waiting for. We mentioned that we were now waiting for a second breakout but price looks like it has other ideas. You may feel that you are missing an opportunity by not taking an initial breakout and seeing price move fast in the direction you were expecting....
Zoo Digital Group is holding at the £1.00 round number support zone. Price is also at a previous resistance level turned support which we also want to see hold price up. On the Weekly and Daily chart we can see price is above the 50 & 200 simple moving averages, which means that the overall trend is bullish. From October 2017 to January 2018 price was in...
Griffin Mining recently broke through the previous all-time high. It struggled at first as the buyers were trying to gain some ground and as they found their footing, the momentum to the upside kicked in and we may be seeing the beginning of an impulse uptrend. The Daily chart (not shown) is using the 50 simple moving average as support as it makes higher...
Bovis Homes has broken out of a strong resistance level which was set back in 2007 at £12.20. In our previous post we mentioned that we could see a breakout soon. The reason was because we could see price making higher lows leading up to the move towards the resistance level. We now have that breakout we were expecting so what we need to do next is ensure that...
EURSEK was last mentioned in this post after price broke through a resistance level. Since then price has started to pull back which is a part of trading. If we look at the history of this forex pair, we can see that price tends to use previous areas of resistance as support levels so we will have to see if price will do the same with this recent support...
NMC Health continues to grow as price has broken through yet another resistance level. When we trade stocks we want price to consistently head up and remain above the 50 & 200 simple moving averages. NMC Health is a prime example of what we are looking for and has used the 50 sma as support along the way. Despite this stock having deep pullbacks and despite the...
EURGBP broke down through the consolidation support level only to return back to consolidation again. This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there is usually a lot of profit for the taking. At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving...
Tesco is gaining more and more strength as it attempts to release itself from the consolidation zone. In my previous post here , price had broken through a resistance level. The next level we need price to break is the resistance level of the consolidation zone. Should price fail to break that level then price may remain within the consolidation zone for a...
Abcam PLC broke through resistance after going through a period of consolidation and now looks like it wants to retest the support/resistance level. This stocks has been trending well since July 2014 and although the trend is consistent, this stock does experience periods of deep pullbacks. When trading a stock with deep pullbacks the trader has to bear this in...
Fairfx Group LSE:FFX may be coming back to retest the £1.00 round, see previous post here. If that happens then we have to see if price can regain strength and break out. The overall trend is still bullish and we should not be worried about the pullback, that is natural in a trend. We are still waiting for a breakout so just apply more patience in order to be...
Keywords Studios has been going sideways since late last year and when we see a period of consolidation that lasts for several months, we do not want to enter on the first breakout. As you can see, the first breakout of consolidation in early March saw price return back into the consolidation zone. This is classed as a fake breakout. What we want to do as smart...
Fairfx Group has now broken through the £1.00 round number with a strong bullish bar. I published an idea for this UK stock here where you can see price was just touching the resistance level at the £1.00 round number level. This level did cause a brief barrier for price as it hesitated before smashing through that level with a large bullish candle. The...
Tesco has broken the resistance level. The previous pattern consisted of lower highs and lower lows. This may now change to higher highs and higher lows and if this is the case then we may see a bull trend form. We would preferably like to see pullbacks that are not too deep and we want frequent breakouts in an uptrend which would indicate to us that we are in a...
Burford Capital is still advancing since bouncing off the support level. Price may not move fast in a direction but as long as it is consistent then we just need to follow our plan. The plan in this case is to be patient and still wait for a break of the resistance level before entering a long trade. As you can see, the all-time high is not too far away so we...
Coca Cola is still holding strong above the resistance level. If that level continues to hold as support then we could see a potential long trade on the table soon. The Monthly, Weekly and Daily remain bullish so continue to stay patient before taking a trade. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...
In this video we take a look at another potential pullback trade as well as discuss the importance of having a rules based trading strategy.
Bovis Homes has made attempts to break through the strong resistance level in the past but couldn't quite make it through. A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend. That breakout confirmation is essential as the high has not been broken after a number of attempts in the past. We can see price...
Coca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post. The 50 simple moving average helped push price up and through the resistance level. The next few days/weeks will be important because we have to see whether price can stay above the resistance level. We sometimes see fake breakouts where price breaks...