Which way for Ocado?Stage 1 base forming for Ocado, almost perfect rectangle, with multiple touches at 370 support. Is this a chance to go long, or will it break to the downside? wait and see. Do your own research (DYOR) and this is not a solicitation to make as trade.by andmk2Updated 111
Short BPClear Setup on BP, targetting 360 $ first. Confirmation : Breaker Block, liquidity below, High Resistance to Low Resistance,Shortby EvergreenWealthAdvisor0
TESLAMy opinion tesla in some corection here which might be wave 4 on htf. i would be looking for the previous lows liquidity. otherwise we could hold thies level we are at right now and break the trendline to go upsideby Trader_Polo2
Qinetiq breaks out after 4 yearsBreaking out of rectangle patter formed since Feb 20 should mean an upside target of 648. Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession). Do your own research and this is not a recommendation to trade in this stock. Longby andmk20
Breakout day for QinetiQ - expect pullback to retestWeekly chart: Triangle formed with 2 or more touches to both its upper and lower lines. Early breakout too and could signal a rise to 587. However, if this goes to form, it will retest the upper triangle line at 339 before heading higher. WARNING: This is not trading advice and just my own technical analysis. Do your own research and trade your own rules. Longby andmk2Updated 1
Buy, My idea!!Details as always are on the chart, easy to look & read. Kept it simple to understand. This is just my idea, not an advise to buy or sell stocks. Please comment below if you see otherwise. Many thanks.Longby g_lally0
Breakout by Marks & SpencerDouble bottom formed from May 19. Breakout Nov 23 Retest Feb 24 and now broken out to the upside in May Appears bullish to me but do your own research and decide on your own trades. This in NOT a recommendation.Longby andmk20
Kainos Group plc $LSE:KNOS Profits UP +14% to £77.2mLSE:KNOS Kainos Group plc is back in favour as adj pre-tax Profits UP +14% to £77.2m and reaching 14 Years of Consecutive Growth with Revenue hitting £382.4m! With the Workday Segment of the business growing to over £60m ARR and Cash topping +16% to £126m with NO Debt this is a business that has great long term growth as leading consultants in Workday Products and in the Generative AI space having invested more than £10m into training their 3,000 staff in this area. The COVID contracts have ended in their healthcare segment thus returning to more organic growth figures and the share price since 2021 reflected this. Longby jmo91911
PNN You decideSupport from March 2011 and November 2012 respected this week as PNN continues its downtrend. Water industry is experiencing a wave (pun intended) of problems. Could form another shoulder with high of 943?by andmk2Updated 0
Australian dollar eyes RBA minutesThe Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session. There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD. The Aussie is coming off an excellent week, gaining 1.36% and hitting its highest level since January. In the month of May, AUD/USD has surged 3.4%. Tuesday will be busier, with the Reserve Bank of Australia releasing the minutes of the policy meeting earlier this month. At that meeting, there were no surprises as the RBA held the cash rate at 4.35% for a fourth straight time. Notably, the central bank discussed the possibility of a rate hike at the meeting, which was not the case at the March meeting. This was likely a response to first-quarter CPI, which was slightly higher than expected. CPI fell from 4.1% to 3.6%, missing the forecast of 3.5%. Service inflation remains sticky, which means that CPI is expected to continue to ease, but slowly. RBA policy makers are concerned that the path to the 2% inflation target will be bumpy and are hesitant to start lowering rates until they see evidence of sustainable price stability. The fact that a rate hike is on the table, albeit an unlikely scenario, indicates that the RBA remains cautious and somewhat hawkish, and a rate cut will have to wait until inflation shows a substantial decline. Australia will also release Westpac Consumer Sentiment on Tuesday. The index has declined two straight times and remains in negative territory as consumers remain surly about high interest rates and the high cost of living. The May release is expected to show an improvement, with a market estimate of a 0.9% gain. AUD/USD has support at 0.6681 and 0.6662 0.6714 and 0.6733 are the next resistance linesby OANDA0
Why I am buying JDW?see the details on the chart. Fundamentals, back into profit, sales up, good national company, strong buying power, very good track record, due to covid and cost of staff/utilities/inflation took a hit recently, but its on the uptrend. Technical is on the charts. As always its not an advise, please comment if you like or dislike my take on it.Longby g_lallyUpdated 111
Breaking out?It is now showing the potential to break out in Wave 3. If it fails, then it could still be filling out a larger wave 2. Still looking good!Longby moneyjeff12
BGEO Potential Breakdown (Bank of Georgia)BGEO has been in a nice uptrend for some time now but is it really the time to switch the flip now? What we see on a chart is a healthy correction and touching the trendline support but there is a big BUT. Amidst this current situation in Georgia, Tbilisi, people has been protesting the "Russian Law" which turned now into protesting the government itself. This could be start of the breakdown for LSE:BGEO in my opinion because the situation is only gonna get worse for Tbilisi if government keeps going against the people.Shortby cryptoalienss12
ORPI 1H BUYORPI 1H support is now at ~$2.17 Enter 50% at the current price and try to set some BUY orders near the support zone CheersLongby Oh2bbbbb1
Silver price break out but the miners are playing catch upIf silver is moving up, the largest producer of silver should benefit and its price is close to a key support level. So odds are its price plays catch up to the new price of silver. Longby William_Playfair2
WATR Major Support Line, High Volume and RSI DivergenceFirstly, does WATR possess a high quality balance sheet and growth prospects on a fundamental level? YES!! The company has $23m cash and $21m of borrowings, with FCF increasing from $6m in 22 to an estimated $7.4m in 23 and $9m in 24, owing to a reduction in CAPEX. The only thing I don't like about the balance sheet is the high amount of intangible assets, but, these aren't set to increase and a high proportion is goodwill from acquisitions which will be amortised over time. Net margin remains high at 17.6% and is forecasted to be maintained at this level, with revenue growing from $71m in 22 to $90m in 25. In terms of technical analysis, WATR is hovering around a strong support uptrend on the weekly chart, against a positive divergence on the RSI. In 2021 the PE ratio sat at over 50, with this now down to sub-20, indicating that in the past investors were willing to pay 150% more than today's price. The orange lines dictate my price targets, however, I would be inclined to hold this as an investment for much longer. Longby Doddle0
Potential BUY !Details are on the chart to make it easier to follow the idea. This is not an advise to buy or sell the stock, sharing my knowledge. what are your thoughts?Longby g_lally0
Asc triangle moving up, with prior track record UK stockAsc triangle moving up, with prior track record UK stock height of triangle gives target, long term chart, confirmation given by UK FTSE also moving up, also European indices eg MIB moving up. Reliable steady stock Enter using limit orders on any pull backs to top of triangle Stop out if price re enters triangle Target trailing stop, take 85% at target, which becomes the new stop Look to build position using multiple limit orders for entry on market down days, add if the pattern pauses making smaller time period patterns Have fun! Longby William_Playfair0
Ubisoft Entertainment SA / UBIUbisoft Entertainment aka ubi "bug" is a french video game publisher headquartered in Saint-Mandé with development studios across the world. Its video game franchises include Assassin's Creed, Far Cry, For Honor, Just Dance, Prince of Persia, Rabbids, Rayman, Tom Clancy's, and Watch Dogs. Ubisoft was one early investors in web3 technologies and projects too last year was a terrible year for ubi because not only they didn't succeed with their franchise like farcry 6 but also they entered the bear market while they were working on their bigger projects like AC. “We are clearly disappointed by our recent performance,” said Ubisoft Chief Executive Yves Guillemot. “We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending.” 2023 is a big year for ubi and they are going to publish some of their best games like Assassin's Creed Mirage, Tom Clancy’s The Division Heartland and skull and bones ubi stock now in Accumulation phase and its next targets are 21, 23 and 25 Longby moonyptoUpdated 1120
CMC Markets found substantial support at 100GBXCMC markets hit a 3-year low of 100GBX after news of lower revenue expectations but found huge support at the level with an immediate jump of 16% in 2 trading days. Fundamentally, CMC is trading at around 1X revenue. Given that CMC is a global, established, and profitable company, with consistent growth in its customer base. I think that the 100 GBX price was a bottom where reversal is taking place. I expect the price to reach 220-270 GBX at around the next dividend payment at the end of November-beginning of December. Not financial advice. Do your own research. Longby notalirezaUpdated 1
Vodafone ended 10 year long bear ride? After 10 years, Vodafone seems to have reach the bottom. Long consolidation periods (yellow), and 2 downward channels led us to a rock bottom of 63GBP. The last downward channel appears now to be broken with immediate resistance at 103 GBP. Positive outlook as long term investment.Longby sergiodom2
Breakout After multiple attempts at failing to break the blue resistance line price has closed strongly above this level today. The catalyst for this was the release of good results, check them out for yourself. In addition to this they have just got approval from their Spanish business for $5 billion. Ker-ching. They have also announced a £500 million share buyback program. Also of note is that two of the Directors have recently bought large chunks of stock. One bought £1.5 million worth the other over £0.5 million. Dividend yield %10. Winner, winner, chicken dinner !by RIckAshby331
BATS RSI Divergence, EMA targets and Support/Resistance Zones BATS is a company where its financial performance and robustness is not reflected by it's share price, mainly owing to investor sentiment towards the sector it sits within and the fear of ever changing regulation of its products. It is currently generating £8.5bn in free cash flow, more than enough to pay the annual dividend and please any accountant that the company's operations still produces high margin returns (although this is less obvious in the accounts due to the non-cash impairment of its assets). From a technical stand point the chart depicts a favourable time to enter into BATS, with price currently consolidating at a weekly demand zone. Furthermore, there has been a clear divergence between price and the RSI which has been growing over the last year. The longer these build, the higher probability of a sharp reversal. The crossing of the 20 and 50 EMA on the weekly chart has been a trustworthy indicators of changes in trend, with gap between these two MAs beginning to close. I am expecting price to move sharply towards the 100EMA and short term supply zone at £26.80, resulting in the crossing of the 20/50 EMA, which will propel the price towards the first significant supply zone at £32. From here there will be a final push before the end of the year with the price testing the 5 year high. All this will happen in an impulsive 5 wave pattern. If £22 is retested and fails to hold as support than the likelihood is for further declines. As an investor, stop losses should be set at £21.50 and profits should be taken at £36, representing a risk to reward of 7.4. Disclaimer: I entered into a position here on 7th May 2024Longby Doddle114