Good RNS which shows the company is likely to have better prospects in the US sanitisation market. The share price also formed a triple bottom since August last year, and today's price easily broke that resistance. A breakout on substantive news is bullish and the shares are now in play.
.On the weekly, chart there's a symmetrical triangle, and it's in a downtrend. It has 6 touches, 3 on either side. If it goes to plan, the pair should fall lower and break out, as this is a continuation pattern and not a reversal.
.Nat Gas has nearly finished its H&S pattern Downtrend could continue
Is Crude making a long H&S top before another fall?
Weekly chart - Reasons to be bullish: Crossover of 50 EMA by 21 EMA Price is trending upwards RSI is trending upwards Price is now above 4.1 resistance Can it go further? Wait and see? Caveat: Rise is based on low volumes
A confirmed breakout after bullish upward pressure since Jan 2017.
Pulling away from resistance that originated in Nov 2011. Good contract wins are resulting in a bullish fundamental outlook.
2 year cup and handle formed. Although it completed last week, it hit resistance and some selling. Will there be a breakout?
Will NXR break resistance of 185? That level has held since Jan 2016.
Next stop is its 200 EMA after a break out from 3.22
APF broke out a few weeks ago and is now pulling back to support. Will it go higher?
Check the numbers on the chart when reading each point below: 1 - Was a gap down and continued the downtrend 2 - After a reversal at 1138, Ryanair and Monarch woes have signalled a reversal. 3 - Next Job for EJZ is to break its downtrend and surpass 1450
Will LTG get back upto 56p, its recent high. Today it bounced 11% from its 61.8% FIB retracement. Wait and see as it could be a pull back on reversal.
Is this a breakout which signifies a reversal of the trend? Price is now well above the 50 EMA.
As the Dollar weakens currencies like the AUD must be a buy
There's too many tails on the BRH candles to show real price strength. Each time they are bid up there's selling to take the price down again. Avoid for now.
Bullish pennant forming on Boohoo. Time for the next leg up? Wait, or trade, and see.