I traded this instrument few times and I don´t believe They will grow up. There are more reasons why companies like this have problem now. They need completally rebuild their structure, story and business case. I think they are not necesary wrong company but there is gigant market. Big fish eats small one...
I don´t care how minute timeframes look, I want to have...
The retailer is foraying into online world with food service facility and on the chart the sharp price at the make or break level. The 2-yr long falling trend line is being put to test. If breached on Friday's close would mark a major trend reversal and open doors for 430 levels.
Marks has rallied into multiple levels of resistance on the daily chart. This is the top of the range where previous highs have stalled. It is also the 200 day moving average. There is divergence on both the relative ratio(vs UKX) and the RSI, which suggests the momentum is stalling. Sell with a stop at 364p, targeting a move towards the lower end of the range at 308p
Gap down open
Company reported a rise in underlying profits but warned the revamp will hit profits in the short-run.
Daily Chart - Looked like it was forming a text book inverse head and shoulder formation..But with today’s gap down opening the hopes have dimmed. Gap filling may happen, however, on monthly chart shows rising trend line has been breached.
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The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears.
Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape.
Bears, on the other hand, look for...
