Almost a 10% rise today, and if there's momentum it could result in a move to 90p.
Potential trade to 112p or 129p please check company fundamentals so you don't get caught out.
Reposting this since TV removed this idea earlier for containing links to my telegram group. Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from...
This morning the energy regulator OFGEM published its long awaited report on the energy price caps. CNA were one of the best performers in the energy sector as the result was not as bad as first feared. Ofgem pegged the limit for how much utilities can charge households on so-called standard variable tariffs at 1,136 pounds ($1,465) a year. That’s about 7...
No amount of technical analysis can interpret Centrica's consecutive Head and Shoulder patterns.
Centrica: Will this be a H&S reversal? H&S island formed at CNA. Will there be some substantive news in the future that causes CNA to gap up as well to complete the Island reversal?
Target from inverse Head & Shoulders 175 - 210. Ex Div 10th May. Div 8.4p
Bearish flag forming on $CNA Further downside expected.
If my count is the correct one then I am expecting a decent rally in this UK stock possibly above 300.
Centrica continues to trade in a long term down trend. The latest failure at overcoming trend resistance should set the shares up for another test of the recent lows. We are sellers today targeting a move towards 188p, with a stop at 210p
Remember May said she was going price cap energy firms
Centrica plc- --------------- --------------- Not Investment Advice. ---------------
look for a techncial break
The bullish break from the descending channel pattern marks the continuation of the rally from November low of 195.18. The doors have been opened for a break above 232.60 (Jan 16 high) and rally to January 23 high of 236.90.
Centrica daily chart shows a breach of long term falling trend line (Sep 2013 high to July 2015 high and extended) followed by a inverse head and shoulder breakout. However, bulls need to be patient since the rally from post Brexit low of 197.50 has been sharp and thus short-term exhaustion around the neckline is likely before the next leg upward resumes....