Based on the below fundamental analysis and technical analysis (breakout of resistance) the idea is to go long
Good news for property owners from the Halifax Index meant investor confidence grew in the market.
Shares in property portal Rightmove (RMV.L) surged on Friday as investors looked past a fall in half-year revenue and instead focused on signs the housing...
This is my Wild Ass Guess (WAG) for entertainment purposes. (This is not professional investment advice) Price has returned to center of channel, looking to find support at $13.85 ish then hopefully continue to move up
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 the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Last post: June 14th. See chart .
Review: Price had started trending strong after breaking through resistance.
Update: Price continues to trend to the upside and still looks strong.
Conclusion: We will be looking for long opportunities following the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
Last post: May 27th. See chart .
Review: Price had broken the resistance level and was approaching the £50.00 round number.
Update: Price eventually broke through £50.00 and has gained momentum.
Conclusion: We can look for entry opportunities after a breakout of a previous high on the daily timeframe.
Any comments or questions, do not hesitate to leave them...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is currently making new all-time highs but the £50.00 round could cause a bit of resistance for price.
Conclusion: We will be waiting for price to move above the £50.00 round number before looking for trading opportunities here
Any comments or questions, do not hesitate...
