Trade Idea Broken out of the channel formation to the downside. Continued downward momentum from 7404 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7310, resulting in improved...
After yesterday's news from USA, that they back Hong Kong's bill, China said they will retaliate if it becomes a law. Tensions arise and we are back in risk off mood. Now approaching big support soon and 200SMA. A break lower for a short. A bounce of support before continuation may offer earlier entry with better risk-reward. Good Luck!
Buy SSE (SSE.L) SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. Market Cap: £13.35Billion SSE broke above resistance on a move above 1237p back in October. The shares have since corrected to retest the new support and now appear to...
Buy Bellway (BWY.L) Bellway plc is a major UK residential property developer based in Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Market Cap: £3.9Billion The medium-term trend is bullish on Bellway. The shares have corrected lower in recent weeks and appears to have found some support at 3125p....
A short opportunity is presented in UK100
Two points of view are provided in the chart as two scenarios are both likely. Upside has a target of £10,000, Pivot level at £6,000 and downside target of £4,500. The wedge, price stalling and curvature of the price action up to the wedge, tells that there is a possibility for a rejection from a recovering bull market and into a financial recession....
The index has broken above both the 1D MA50 and MA200 this week and 1D turned bullish (RSI = 57.795, MACD = 3.690, Highs/Lows = 85.3366) towards the 7,440 Resistance. It appears to be repeating the April - July sequence, currently being at the start of the final (and most aggressive) bullish leg. The obvious short term target is the 7,440 Resistance but in our...
Buy Compass Group (CPG.L) Compass Group PLC provides food and support services. The Company's segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors;...
Buy AstraZeneca (AZN.L) AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in...
Sell RBS (RBS.L) The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands,...
Just trying out (again) H&S. UKX is the weakest index at the moment, Brexit and economic contraction pushing it down. MACDs are ready to go down again. Let's see :)
stop @ 6970 should it moves against me I will take a 2nd position @ 7062.62 and the target is TBD
Divergence on indicators, potential to trade the break of the neckline. Today could the day of retracement after one of the worst sell offs we had in months. Good Luck!
With US manufacturing data yesterday triggering recession fears, FTSE dropped along with other indices. Looks lkie wave i of wave C started. Now at 200SMA on 4 chart. Once support is found, we could close shorts and buy the pullback on wave ii. Good Luck!
Analysis team bought DE30 @12248.60 with the target @12277.33 on25th September, 2019.l