Last post: May 25th. See chart.
Review: Price was performing a deep pullback after finding resistance at the £10.00 round number.
Update: Price found support at the 50 simple moving average and is showing signs of strength again.
Conclusion: We need a break of the £10.00 round number and the previous all-time high before looking for long trades.
Last post: May 22nd. See chart.
Review: Price was struggling to break through the £10.00 round number then moved down and was approaching the support level.
Update: Price has broken through the support level and is now heading towards the 50 simple moving average.
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait...
Last post: May 15th. See chart.
Review: Price was struggling to break through the £10.00 round number.
Update: Price is still struggling at this psychological level.
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities but a break of the support level and price may move further down and towards...
Last post: May 7th. See chart.
Review: Price was fast approaching the £10.00 round number.
Update: Price has now reached the £10.00 round number.
Conclusion: We have to stand aside until price can break above that area before looking for long positions.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...
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...
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...