This is the weekly chart of Savills PLC, real estate provider.
I rarely trade stocks, but sometimes I see an opportunity that piques my interest, because it a) has an interesting chart and b) fits into my fundamental world view.
In this case, I believe that housing is over-leveraged, and is 'affordable' only as a result of an artificially low interest rate...
We see price re-testing previous market structure (resistances), a potential sell opportunity to the downside. Sell if price breaks through the upwards trendline.
Enter to sell at 1.27933
HOWEVER, if price break through resistance 1.28032 then we are seeing a continuation to the upside
Enter to Buy 1.28065
Strong earnings, PPA's signed with a further commitment of 1.5/GW. 2019 net profit was over USD 2 Billion with net earnings attritbutable to equity share holders was over USD 1.1 billion. A combined portfolio of over 3.5 GW; therefore earnings will be accelerated.
Historic bottom reached recently, currently climbing a bit shy but steady. EMA indicators cross, signalling potential start of bullish trend.
Also worth mention that there were positive news for Haydale in the last couple of weeks. They did sign an important deal with National Grid.
I think this a good entry for long position.
On the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have...
As you could see 1.24050 is holding as key support level. We have strong bullish candlesticks sitting on the 200 EMA (Magnetic Support) presented on the 4 Hour timeframe. The UK government is confident with brexit. We can possibly see price reach 1.2700. Our long entries will be triggered on the break above the trendline and the red dashed level (1.25400); entries...
Looking short on this pair as the previous day candlestick closed as a strong bearish marbozou. However, on the open of the market we can expect a pull pack up to the 4 hourly 50-61.8% level (1.23500). If price breaks above the bearish trend line we could expect price to move up to the 61.8% daily level (highlighted by red box). As traders we must understand...
Im already short on this, however, as seen on the chart I believe the outlook is still short. Only longs would be analysed on the break above the trend line. Our longer term target would be 0.7000-06900. However, as you could see we have multi trade setups. They are just their to remind me of potential entries (adding on to my trades). Once each target has been...
Up Trend Line broken by a green candle with a high volumn. the trend has been retested once and in the second test we expect price will jump high (approx. to 217 Pounds.)
Moreover, currently Pin Bars candles formed above the trend!
Looking short on this pair, we can see some bullish movements on the smaller time frames with upside targets of 0.7500 then look for a possible short from 0.75500. We have a weekly Trend line bounce (Price Rejection). We have a possible bullish harmonic forming (if our second target has been met then the harmonic will be complete providing us with a potential long...