Cineworld Group
Short Term - We look to Sell a break of 25.37 (stop at 28.52)
Trades with a bearish descending triangle formation. A move through 25.50 will confirm the bearish momentum. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile.
Our profit targets will be 17.68 and 15.10
Resistance:...
I've been accumulating this stock since the 60s slowly and now I believe it's at the point where it is due for a good bounce.
It has just broken SMA100 level which was acting as resistance previously.
Currently, SP is trading above SMA 10, SMA20 , SMA50 and SMA100
MACD indicator going positive
Money flow going green too.
Also, momentum has gone above 10
All...
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Here we have our great CINE chart.
This stock has made me a lot of $$$$ and it is great for a buy currently.
Notice the big candle now forming and 10% gains on the day. There are now buyers lining to get some of the stock. When this happens the prices goes UP.
A huge company with...
GLHF Spot hold. Months of accumulation, an industry now beginning to reignite with 90$m opening weekends see's a return to pre covid levels. Great lineup for remainder of 2021 including some large marvel drops. Chart behaving in a textbook S/D manner moving from level to level. Current risks are the ongoing court case with Cineplex.
LSE:CINE
Price over the last 2 days looks like it is presenting a selling climax, volume has been much higher than the last couple of weeks.
The shorter price body from todays trading, with an upper rejection wick and with almost the same amount of volume as yesterday looks like it has clearly identified some strong selling at this level.
Looks weak ahead.
Cineworld has been selling down for some time and is now retesting the top of the previous cup and handle. A double bottom reverse has been detected. We see a rise in price over the next 90 days as theater chain and overall economic outlook improves.
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Cineworld Group is a British cinema company based in London, England. It is the world's...
over the weekend cineworld announced closure of i believe all 158 of its cinemas here in the U.K. so this is no doubt bringing volatility to this stock come london session, the question is what way will the stock go. you may say silly question, but the market can induce. maybe wait for breakout of consolidation. we also have a cross of the handy rvi which signals...
A big move today for Cineworld.
I checked lse.co.uk this morning and saw the daily % gain, guess what - our strategy had already signalled the buy.
This is a very powerful tool for investing or cfd trading stocks too.
Regards
Darren
Hi, I think Cineworld will go above 1.50 before June 28th as Cinemas will be opening on 1st of July. This is a stock to watch as it will be very volatile in the next couple of weeks due to ongoing problems in the real world.
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
Renko showing us some nice price action around the kumo, and giving us an opportunity to long on the swing break.
- We've got a Kumo breakout
- And and OBV that looks like it has bottomed out.
You could trade this 2 ways:
- A stopbuy order above the wick on the left Heikin ashi chart.
- A market long once a renko brick prints above the last local swing...
