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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Long set up identified
It may come down because its volatile so keep your eyes open - stop loss to hit just in case but it will look to go high as per the trend line
Compass Group PLC (CPG - LSE)) is in ABC elongated wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to FTSE 100 index.
Buy Compass Group (CPG.L)
Compass Group PLC provides food and support services. The Company's segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors;...
It has been a while since I posted one of my plans for the week ahead and I've missed the process, this week I would like to share my Compass Group (CPG) set up which I think is a great long. Compass posted strong half year earnings on the 15th of May which was well received by the market sending the stock up to an area that has played a role as resistance in the...
RECOMMENDATION SELL
TARGET 1133
CHART FORMATION:-
Stock is trading in a range and breaking its trendline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 50.07 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero...
