A bullish bet is placed on General Mills (GIS: 58.43$): 1) Bounced off support level at 57.75$; 2) EMA 50 crossed above EMA 200; 3) RSI correcting at lower levels while price at higher ones ( check Black arrows). Indicator that price is in a hurry to resume the uptrend. Target Price: 60.10$ then 61.30$ Stop level: a 2 days close below 57.75$ and or a 2% Intra ...
Although the British elections are around the corner (June 8th), it is worth noting that the cable has just bounced off its support at 1.2750 level and is trading now at 1.2865. the L1 & L2 level have indicated a positive reversal sign, giving additional support for the potential upside move. Target is at 1.3030, watch for a close below 1.2750.
WY, last closed at 33.55$, is offering a good upside potential: 1) Positive reversal in place at L1 & L2 levels indicating a hasty market to go up 2) Prices pulled back to support level at 33$ and it held above it 3) First target at 34.20$, if broken 35$ 4) Markets must not close below the 33$ level for 2 consecutive days in order to stay in the position
Well ,it all depends on the oil prices. But from what I see here it looks like an attractive buy level, as prices are finding support at around 107.5$ which coincide with the 200 EMA level. Next targets 109.70$, 114.30$, than the old high of 119$. A break below 107.50$, will lead to 104.30$ and invalidate the scenario.