RECOMMENDATION BUY
TARGET 575
The Major trend of INTERNATIONAL CONSOLIDATED AIRLINES PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 569 then it can show upside movement for the target of 575 with the stop loss of 563.
CHART FORMATION:-
Stock is trading...
The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears.
Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape.
Bears, on the other hand, look for...
The Big Bubble ... as every time this time is different ... it's true this time the outbreak was unprecedented...
QE effects from the beginning - start end 2008
S&P(orange) +186% - USD/JPY +22% USD/EUR +15%
Nikkei (blue Mountain) +165% JPY/USD -22%
FTSE100(blue points) +80% GBP/EUR +21% GBPUSD+3%
DAX(green points) +201% EUR/USD -15%
MIB Italy( brown points) +46%...
While all equity markets ( DAX - SP - and today FTSE 100) are in the highest level of ever index Italian is just 2.50% up from high 2014 with a devaluation of eurusd of 20% ... also financial bubbles reflect some economic fundamentals..the italian economic is stuck at 0 % of GDP , and shows no signs of recovery...MIB index on which to speculate , and sooner or...
The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following:
The FTSE index has declined more and now is under the KUMO and EMA200 too. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that FTSE will test the 6620 resistance.
There is no special candlestick pattern. The index is under the Tenkan...
The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following:
The FTSE extended the uptrend movement last week but it declined last Thursday making a local top exactly at 6829.79.
So the first think in mind is the case of a pull back towards to KUMO. MACD and RSI both are bullish.
We have no special candlestick pattern . The...
FTSE reached major level of resistance after Reversal Candle, then it regained moving averages and borke bear channel. That attracted many active buyers and we had nice follow through into major resistance 6875-94 that is in tact since May 2013. On Friday, it closed with doji, holding near top. At this point I think we need some kinf of rest or sideways action...
I would risk going long from there thinking that this double top can be negated or complete now. Placing Stop Loss little below 6721.
Lets see if going against it can be any good.
