The 2 DEMA'S are above signal line RVI is above signal line MACD is above signal line and histogram is greater than 0 I'm a beginner so not sure if downtrend is over yet? Any thoughts?
As one of the most sought after stocks to short and having suffered a loss during the pandemic, it seems to be crawling back slowly out of the dark tunnel. I would be nibbling on this stock later to take a small position. DYODD
Stock took a hard hit after profit warning. However, it bounced off the 200 d mvg. avg. It's worth a look, still has a 4,5% dividend yield after a 40% cut. Happy trading
Pearson has rallied into resistance at the 200 day MA and the high seen in October. This has also been mirrored on the relative ratio. The stock appears to be rolling over here. We suggest selling with a stop at 860p, this is above the resistance and the 50% Fibonacci retracement level from the highs in June to the low in November. Target 715p