I am not a indicator trader and I never use them in Forex or any other big market but to be honest for penny markets indicators work better than Elliot wave. I usually use basic Elliot concept + Indicators to trade penny.
This one shows some good volume and also the price close above the T-Line( 8ema) and 50 day sma
Keep it going as long you see a sell signal...
Based on Technical analysis, the market seems bearish, so the idea is to invest in the direction of the major trend: go short.
The problem is that it seems that 1.2 pound worked as support and prices have started a new rally. (too risky to go long now).
the stock might go up due to the current government stimulus.
Easyjet today raised its projected carrier numbers
from 30% to 40% as it sees strong demand.
Stock has possibly formed triple bottom.
Bullish Divergence on Histogram
MACD attempting to reverse.
Moving averages will be resistance levels\ Targets for longs.
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As always - no guarantee.
Daily chart pattern looks amazing here for some dip buys / long-term investment. Outside bollinger bands / low RSI - Daily looks like a potential pivot candle today, will have confirmation next week.
I'm buying small dips as the price continues to drop.
They had a bad set of financials driven by poor decision making during lock down...
Based on Technical Analysis, the idea is to go long. Prices are moving inside a channel. They seem to be at the bottom of the channel and they might be ready to start a new rally. Stochastic seems ready to go toward the overbought.
Below Fair Value: RR. (£2.64) is trading below our estimate of fair value (£6.36)
Significantly Below Fair Value: RR. is trading...