Weekly chart shows Falling trend line breached Trades above 23.6% Fibo of July 2014 high-Jan 2016 low) = 932.85 Confluence of trend line support (rising+larger falling) seen around 880. Correction could run into fresh demand around 880 levels. Another scenario - Rebound from 23.6% followed by a break above 1039 (last week's high) would open doors for...
Purely volume based technicals here. Upside at target stated in title. Would look for shorts in this area.
Pattern - Bearish price RSI divergence confirmed on hourly chart 4-hr and daily RSI is turning lower from the overbought territory as well. Prices likely to test rising trend line support seen around 1400 Bearish invalidation is seen only above the recent high of 1495
Ashtead Group PLC – Poised for Bullish break from flag pattern on weekly chart. This goes well with the fact that it derives a majority of its revenue (84%) from North America. Nice rebound from rising trend line followed by bullish break from flag pattern could yield re-test of 2015 high of 1231. Caution – Volumes have dropped
MICRO continues with a bullish way, 9.21,50 moving averages and 200 give clear buy signals. MACD and RSI buy signals. possible downgrade toU $ D 1600 and Pullaback. Wath it this stoke.
Standard Chartered shares are flirting with inverse head and shoulder neckline and appear poised to close the day higher. That would be confirm a bullish break and present a technical target of 831. However, as of now, that appears a big task given the banking concerns in Europe. Nevertheless, a bullish break on day end closing basis would open doors for...
Burberry's sharp rise this week suggests a bottom is in place around 1080 and once prices break above falling trend line hurdle seen today at 1320, the doors would be opened for a test of double bottom neckline resistance at 1468. On the other hand, a failure to break above weekly 50-MA level of 1261 followed by a retreat below this week's low of 1160 could...
The chart speaks for itself, we have a very clear downtrend here, after breaking below the key earning levels above after the 'Brexit' induced volatility spike. We can enter shorts for continuation here, and look for prices around the 70 handle, without being overly optimistic (or pessimistic on European banks). Price has to stay under today's high for this setup...
Big price drop on MN chart, then typical correction and now possible secound down move of price. I took signal order from D1 chart.
Again UK share to take good opportunity on short trade. Price do big move down on W1 chart, then correction and now possible secound move down. Furthermore price pullback from W1 and H4 resistance. Signal to open trade from H4 chart.
Brexit and currency hedging has thrown up the need for products such as SUP3 however there is danger in holding such leveraged products as SUP3 (3X Long GBP Short EUR). As path dependency of the currency picks up in volatility the arithmetic mean drifts below the geometrical mean. This is most easily realised in the following example of an up and down fluctuation...
NG is still bullish, MMs shaked all weak hands off and now ready to move it up again.