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Grow_UK Grow_UK DLG, W, Short ,
34 1 2
DLG, W Short
Direct Line could be forming a large top

Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months. This rejection is likely to trigger a move to the lower end of the channel at 332p. 332p is a huge support level that has ...

Grow_UK Grow_UK LGEN, W, Long ,
55 0 3
LGEN, W Long
Legal & General taking out huge resistance level

Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6% ...

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