Looks like I am very bearish on every stock!! anyways
Going with the trend on this trade which is down! it is a straightforward setup, no complex pattern or anything.
Price action hit the previous structure + Fib 38.2% zone with confirmation
I did not see this trade early enough i am a day late on this trade but the green candle yesterday is showing me, market...
Multiple setups on this trade
1. Price action pin bar confirmation shows short term continuation of the downward trend, previous structure lower low has come in contact which is also 38.2% fib level.
2. longer term Head shoulder pattern is emerging which is also pointing downwards.
1. Trade at open
2. With stop loss to be set at 50% fib levels
A contrarian approach, Page group has strong fundamentals but my analysis shows that extension is likely to retrace either at 23.6% or at 38.2% Fib levels (where 38.2% also falls within the previous structure support)
1. Enter trade at open.
2. Stop loss above the resistance zone with 1xATR
3. 1st Target at 23.6% levels
4. 2nd Target at 38.2%...
Price extended sharply to a new high for the year on the basis of the take over bid reported on October 21st, I am expecting a further upside to the price until the announcement which is expected on the November 18th
There is a retracement in the price at 23.6% FIB levels
1. Enter the stock at current price levels with stop loss set below 38.2%
Halfords is on an all time low after breaking the 2012 low and now there is no continuous support in the downward trend. The market before continuing the trend or to reverse there is a likelihood of forming a base through consolidation, where we can expect market to hit short term support and resistance levels over and over again.
Technicals - Price just...
Fundamental - mediocre trading statement caused the significant drop in share price.
Technical - Price has broken the support level and is in a deserted island with no support. expecting a retracement back to the previous support line prior to continuing the trend.
Entry at the long term support level at 910 and target a 80% of the previous range (High to Low) with a stop loss at previous previous support levels.
Time bound trade, if the target is hit trade to remain closed, if the trade is open stop loss to be moved to lock-in profits by the earnings release date. If the volume exceeds the monthly volume average on...