BeFinanceMate

BeFinanceMate Updated 

Higher highs is now turning to Lower highs making a good opportunity to short. As you can see Elliot 5 waves have completed and correction is started. Price is now at golden 61.8 ratio. On the other hand, we have a possible head and shoulder pattern(reversal pattern). The position to short would be at 184.50 with target zones 166.00; 142.00. Stop loss would be...

BeFinanceMate

Another good opportunity to go long and hold. We suppose pice bounces up from golden ratio as 2003, 2007, 2016 highs and lows. GE - Buy Entry - 18.00 Take Profit - 32.00; 42.00 Stop Loss - (based on money management) Disclaimer The above and further references are opinions and are for information purposes only. It is not intended to be direct investment...

BeFinanceMate

Another buy opportunity on WPP PLC Entry - 1295.00 (making the bullish candle) Take Profits : 1340.00; 1375.00 Stop Loss - 1281.00 Disclaimer The above and further references are opinions and are for information purposes only. It is not intended to be direct investment advice. These information are provided for free of charge and have not taken into account...

BeFinanceMate Updated 

Price made a scymmetrical triangle pattern, broke upper trendline and now making a pullback. After pullback to the previous high, wait for a nice bullish candle to go long. -Tesco PLC - Buy -Entry - 210.30 -Take Profits - 212.50; 216.00 -Stop Loss - 209.50 -Support (Team)

BeFinanceMate Updated 

Through 3 years descending triangle pattern has been formed and price broke the strongest support zone which was the lows of 2001, 2009, 2016 years in the pattern and turned back to retest it. We can see that on Stochastic, that there is a divergence which means a good opportunity to enter the market. -Support (Team)

BeFinanceMate Updated 

From a technical point of view, we prefer to go long after sure breakout of resistance level which is 5.30. The reasons for long entry are breakout of trendline and inverted head and shoulder pattern. Moreover, price broke the 200MA and resting it before making Hh. An entry point could be as stated, closing above 5.30 with target zone 6.10. Stop loss is based on...

BeFinanceMate Updated 

Technical: Price broke the 200MA reached high of 2015 and found resistance zone at 70.0. Now it should be expected to decline till 64.00, if it continues to decline then the next zone will be 58.00. Fundamental: Crude Oil price is $70 per barrel as of 25.01.2018, which is the high price of 2015. It has reached this level because of the consequent weekly...

BeFinanceMate Updated 

Long term Buy Opportunity: -End of Elliot Wave 4 on monthly chart; -End of Elliot wave 5 on weekly chart; -Inside trendline; -Decline in Crude Oil price; - Support (Team)