You never know. For me, EW is not about certainties as there are no certainties in the markets (except perhaps the downward direction of the Pound!) but is this a possibility going forward? Might be.
Very bullish pattern here re-tested trend line & RSI support level 30-40% profit here if we hold 50ma weekly. Price above all MA's on daily chart
Great setup. Gap fill. Classic hard selling & buying into the LHS declining ever since. Directors been buying shares & record profits if you are into fundamentals.
Price has held £7.30 area for around 6 weeks during the very intense selling from world equities. This area represented a gap to be filled dating back to 2017. There is a further gap lower for those hoping for an even better entry. It's possible the price could hit this area but increasingly unlikely given duration of support at £7.30 (obviously further pressure...
Traded Action Notifier Price Amount Value 11-Oct-18 Buy James Mitchell 1,142.10p 40,357 £460,917.28 08-Oct-18 Buy James Mitchell 1,201.40p 14,574 £175,092.04 05-Oct-18 Buy James Mitchell 1,189.40p 13,000 £154,622.00 20-Sep-18 Buy James Mitchell 1,129.60p 19,992 £225,829.62 Last 4 Director Buys over last 6 weeks to the value of nearly £1m. This should reverse...
About £1m of shares recently purchased by NED wife.
This now looks great. Price is robustly backtesting the 200DMA which it's broken as part of an inverse H&S set-up. The measured move would take us to new highs around 2000. This would be your entry price - invalidated with daily close below 200DMA
Trend Lines indicate that Fdev has reached a turning point in it's share price today. New upper resistance levels looking to form around £18.50. This is assuming no price sensitive news is released in the meanwhile. Old resistance levels in dark red at £10.50 and £14.00. Dark Blue is long term average following trend lines, lighter blue short term from high...
Just a basic comparison of growth rates between gaming developers Frontier Developments (green and red line), Paradox Interactive (light orange), and Take Two (darker orange). Frontier has by far out performed both other companies since 2013 in terms of growth. Interesting to notice the similarities between growth patterns of FDEV and PDX for the current year....
As always my opinions are my own and should not be considered as trading advice What with all the positive news etc surrounding this gaming company it's not surprising to see that recent break out from that wedge formation. The latest short term pattern/trend suggests that the SP wants to (or being forced) return to 1780... now only time will tell if the 1780...
This triangle will break one way or another very soon. A break lower should provide a great opportunity to buy or add close to the 50DMA or lower green channel bottom. A break higher I think should be th next major impulse move higher and well worth riding up.