Hello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX).
Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support.
Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising...
Look for RSI retrace to support before entry if keen on the company & chart.
I see 80p as potential retrace before heading to 110p -
134p is ultimate target but keep an eye on divergences on RSI levels
Needs to close on daily at 35.7p but if so then an entry would be good as it could well go to 43.4p resistance (previous support)
keep an eye for RSI trend break if 43.4p is touched to analyse if it will go higher.
47p also where 200ma weekly is might well have a breather after so best to scale out near here to protect profits.
Trading Update & Outlook
Bullish trend could be forming now in BOKU after RSI breakout & making higher highs & hopefully a retrace to make a higher low.
Best to look for a retrace before a position taken 94-95p
A company that seems to be growing well since last year, please read latest RNS's.
Not holding but looks pretty interesting.
Look for a slice at 131p - 140p (some resistance at...
Extremely bullish here based on the numbers from last report.
Looking for 40p at least if not more.
Hoping to see an RSI & trend line break out
Sports direct will need to do a take over offer if they get to 30% holding. they have 29.89% at moment.
Continued strong liquidity with Group cash of GBP95.5 million
as at 26 January 2019 (2018: GBP84.9 million)...
I believe some results will be coming tomorrow, this stock might rerate if good so worth keeping an eye.
profit results are not as impressive last time so not sure but TA shows a possible reverse to come if 20ma gets broken.
This week I will be keeping an eye on the UK based REIT SGRO, their main business is managing industrial storage units, the stock is within 3% of its all time highs and is consolidating nicely around the 662 level. The consolidation has been a bit all over the place for my liking and that skews the entry a little bit as I like to clear all previous highs with my...
We are right in previous support area plus bullish divergence, resistance at 190p but still a chance of below support at 100p depending on market in general.
with 5G possibly coming in I think this will be a good opp for new entries in coming weeks.
You can see from our support line ( green line ) that this is a VERY strong level that price has bounced of many times, Price has also bounced off this level this week and we can see a run up to our resistance zone ( green box )
Of course surrounding Brexit and businesses not knowing how the deal or no deal will affect them and trading then you have to be...
PPB's investors haven't had much to laugh about this year, not even their comical television adds could cheer them up, i'm sorry to say that from the looks of the daily chart the stock could be in for some more pain soon. After a tremendous run in may the stock has seen a lot of downside until finally finding support at the 6000 level currently the price is having...
Last post: June 15th. See chart.
Review: Price was pulling back after being in a nice uptrend.
Update: Price is stuck inside the consolidation zone and currently at the support area.
Conclusion: We need to see a breakout of this consolidation zone before looking at any trading opportunities.
Any comments or questions, do not hesitate to leave them below....
FTSE is looking to go down. We may see an impulsive move down towards the shaded region eventually, but we may see a few days of minor ups and downs first. ONLY ENTER ONCE YOU HAVE CONFIRMATION using your own entry points.