Eve & Adam Double Top forming @ UDG Healthcare Strength peaking over London stock exchange.
I will be waiting for strict price breakout around 582.5 but i guess it should be safe to enter under yesterdays low 591.0
Looking back over last few month can see there has been a number of head and shoulders + inverted all panned out great cant see a reason for this one...
Ticker : BLTL
Direction : SHORT
Entry Price : 818.20
Current Price : 818.20
Description of Chart :
Could be a bit late to the party on this one but as there is still a lot of downside potential. We are still in the downward trending channel, if we can break 773.00 then I think there is potential to get down to 606.82. It could possibly be the last move down...
Ticker : ANTOL
Direction : SHORT
Entry Price : 525.40
Current Price : 428.50
Description of Chart :
So we are currently up by 18.66% on this trade. A fantastic move down has been capitalised on and I think there is room to move down further still. Target is still around 328 area and will monitor very closely. If you want to you can move stops to break...
Ticker : AAL
Direction : SHORT
Entry Price : 282.80
Current Price : 282.80
Description of Chart :
This chart is looking slightly bullish, we are at a resistance trendline (blue) if we get a break above it we can reach 292 quite easily. However from there I feel we will get a break lower down to the area between 265 and 258. It is one to watch carefully...
Support – 201.80, 194.20
Resistance – 219.05, 222.20
Gap down opening on May 5 after prices failed to capitalize on a bullish break from a larger falling trend line on daily chart indicates the recovery from Feb 11 low has ended and bears could take it lower to 194.20 levels in short-run.
On the higher side, gap filling may happen, but requires a move above...
I expect British Land to break out from this triangle formation next week. Brexit selling in the short-term has been absorbed by value buyers. It's trading at a wide discount to it's net asset value. There is a gap on daily at 765-770 which should get filled and you could scale out there. Trix Ma is about to turn positive on weekly
Nothing glamorous ... just interested to see how price reacts around 4500; 50% fib retrace of low of 2008 to high of 2015 and potentially supportive trend line.
Pattern – Falling trend line intact, possible inverse head and shoulder formation ahead
Support – 159.35, 152.70, 148.25
Resistance – 162.63 (50-DMA) 177.55 (10-DMA + falling trend line), 183-185 (possible inverse H&S neckline
Again, failure to take out falling trend line resistance if followed by a daily close below 50-DMA would add credence to the...
Daily Chart
Support – 431.10, 420.80, 413.92
Resistance – 447.20 (50-DMA), 462.90, 468 (100-DMA)
Repeated failure at 200-DMA in second half of April followed by a break below 50-DMA yesterday indicates bears are on control and the prices could drop to 430-420 levels in days ahead.
Daily RSI, at 42.00, is pointing lower and indicates room for...
We are looking to short USD/JPY until pair is under pressure from trendline and resistence. However MACD has a divergence which means that after break of trendline and resistence we will be looking for pullback and long positions.
