Oil Giant BP has enjoyed a spectacular run over the last couple of years. Now it looks exhausted with the price hitting the level of historic resistance that has lasted many years. The recent 2 weeks show a double top M pattern with a failure to break above the previous week's high.
My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
Trend line shows bullish trend because it's making HH HL but unfortunately RSI show bearish divergence
HBR no idea what happens after consolidation All comments welcome No advice given
My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
#ABDN #LSE #LONDON Cup and Handle breakout !! Probable target mentioned. .
See chart image. Entered long here. A little bit too late but it seems like it works so far. If you've got questions feel free to use the comment section here. Good trades, folks!
Thinking this is a great overbought trade here. RSI 75 overbought conditions. Massive gap too be filled around 115 Entered zone of previous sellers(resistance) ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
The technical figure Channel Up can be found in the daily chart in the UK company Prudential plc (PRU.l). Prudential plc is a British multinational insurance company. It was founded in London in May 1848 to provide loans to professional and working people. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can...
Uptrend It seems pullback has been finished and it's gonna get next target. 5800 can be a good SL for a buying position.
Bullish divergence on the RSI ema's look like flattening out/turning upwards Morning star candlestick at the alltime low Increase in volume generally since start of January Big gap to fill above
MXCT - no advice given looks to me like a successful backtest makes for a reasonable opportunity behaving nicely
TYM looks to me to be tradable but no advice given Candles show even of resistance/support long
No advice given but trend is good. Upward steep channel . Sound back story to accompany the chart.
Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the...
Dear Friends, Correction so far as long as its above 1.592 1.52 even if its going for the Bearish scenario, there is a trade up 1st to Form B >> Expect around 50 - .618% fib So i am Bullish on Buying for a trade between 1.63 - 1.592 and will watch for the price action there for a confirmation. On the Chart Fib Channel. and Price points. Good luck
Uptrend It was a very technical pullback to broken level and there is a good bullish candle as a trigger above the price level. set a sure SL for it and enter.