Just Wedge Things - these corrections in the market are all fine, very predictable and part of this consolidation period. Looks to me like the real bull market won't begin until July or beyond to me, unless there's a sudden rush of enthusiasm in the news before then.
Sopheon PLC has progressed since our last post here where price was at £8.42, and now stands at £9.12 at the time of writing this post.
We have highlighted the area of consolidation which was from March 2017 to January 2018. The longer the period of consolidation, the bigger the trend may be that follows a breakout. As this period of consolidation lasted almost a ...
Burford Capital is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon.
Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we
may see it go into a period of consolidation. How long a ...
Unite Group has been in an uptrend since the end of 2011, experiencing a long period
of consolidation from August 2015 to October 2017.
During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very
difficult to trade and your capital is best used on stocks that are actually trending.
Patience here ...
Applegreen PLC is a fairly new stock, which floated on the London Stock Exchange in June 2015 at a price of £2.96 and has risen consistently ever since to the current price of around £5.72 (at the time of writing this post).
The Weekly 50 simple moving average played a part in supporting price as it continued to rise.
There was a nice trend from April 2017 to ...
We last posted on the CHFJPY on April 21st when several days of weakness had given momentum to the bears which were looking to take price through the pivot support of March.
The breakout did not materialise and, as has been a feature of FX, price instead found support and the bulls kept price within consolidation. The pullback to the upside lasted only 3 days ...
The EURCHF is new to our blog but one that deserves air space due to recent moves in price action.
Looking at the daily time frame above, we can see that price has been slowly edging its way up since June of last year. This took price out of the long-term consolidation it had been in since January 2015 when the SNB removed the peg against the EUR at 1.2000 which ...
Alliance Pharma has a consistent pattern of consolidation followed by breakouts to the upside.
The pattern can always change going forward but it is always useful to identify the recent behaviour of a stock.
The reason being, if you were to enter a trade in this stock and price just went sideways, it may become tempting to exit the
trade early. But by ...
Sopheon is a good example of a nice moving stock. After it broke through consolidation which
lasted the for the majority of 2017, it smashed through the resistance level and has not looked back.
The Weekly 50 simple moving average played a part in pushing price up as it was used as support along the way.
After the consolidation breakout, price has had an ...
We last posted on the GBPUSD on April 17th when price was testing and attempting to break throught the pivot resistance high of January.
What we wanted to see was price break and close above this pivot resistance confirming it as support. This would then have offered a long entry into the trend with around 600 pips of profit on the table towards the next key ...
Bovis Homes has broken out of a strong resistance level which was set back in 2007 at £12.20.
In our previous post we mentioned that we could see a breakout soon. The reason was because we could see price making higher lows leading up to the move towards the resistance level.
We now have that breakout we were expecting so what we need to do next is ensure that ...
EURGBP broke down through the consolidation support level only to return back to consolidation again.
This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there
is usually a lot of profit for the taking.
At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving average ...
We last posted on the GBPUSD on April 13th when price was approaching a key pivot resistance from January of this year.
Looking at the daily chart, price is now at that resistance level and we can see the expected struggle between the bulls and the bears. It is at these levels where many will try and pick the top a trend and hope for a reversal.
As price is in ...
We last posted on the GBPUSD on March 21st when price was showing signs of strength but still trading within the marked area of consolidation.
Since that post, price moved further up, came back to retest the 1.4000 round number support level and bounced back to the upside. Price has used this support levels to spring board back towards the high of January of ...
We last posted on the USDSGD on March 27th when price was firmly range bound between pivot resistance from September of last year and the round number 1.3000 acting as support.
There has been no change on this since then and price has continued to side wind between those levels of support and resistance.
Price is our, and must also be your, primary indicator. ...
FX trading is about understanding which group of currencies are in trend and then narrowing down further to the best looking trend structures within that group.
The mistake that many traders make is having an unhealthy attachment to a single currency like the EURUSD or other instruments such as gold or oil, based on the name, and day trade away over multiple ...
Bovis Homes has made attempts to break through the strong resistance level in the past
but couldn't quite make it through.
A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend.
That breakout confirmation is essential as the high has not been broken after a number of attempts in the past.
We can see price has ...
Coca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post.
The 50 simple moving average helped push price up and through the resistance level.
The next few days/weeks will be important because we have to see whether price can stay above the resistance level.
We sometimes see fake breakouts where price breaks out ...
