Riding on the positive news Apple approaching resistance zone again, pre-market is at 213.28 at the time of writing. Today non-farm and Powell speech could decide the next direction for the markets for next week. Great opportunity for a long and short option. If we break the red resistance zone, then Apple will be retesting All time high level soon.
Trading has been mixed and volatile.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 7374 from 7729 to 7020.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7375, resulting in...
For observation only, looking for market to sell for many months to come after forming a double top...
If you're already in buy, may want to exit, if you're out, consider a sell and make profit over the next year...
IHG is trading in a strong long term uptrend. The shares have corrected lower in recent weeks but buying support has been found at the previous break out level, which is now support. The correction is also inline with a 38.2% Fibonacci support level adding further weight to the bullish argument. Further upside is expected over the short to medium term.
BUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul over...
Past 4 trading days of the Nigerian Stock Exchange have been visited with ferocious bulls also with decent volume. Looking at the chart of the top 30 companies of the exchange, one cannot but think the bottom is likely around the corner. What I intend to see to call a "bottom" for the market is for price to re-test the low and possibly to be rejected before making...
Howden Joinery looks interesting on a technical basis. The shares shot higher to new highs following a bullish update to the market. We have since seen the share price unwind to some sensible levels as the overall market continues in this condolidaiton phase. The shares have reached a confluence of Fibonacci support levels, which I have highlighted on...
Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected from...
NETFLIX continues to make new lows, this may suggest a continuation to trend support before turning around.
If you can trade forex, why not try out stocks, it's a bit of fun especially Netflix is an "AMERICAN COMPANY" ;)
The core business of Netflix is favorable, but the current price is gravely overvalued. Although the level of debt is mild, last year´s...
Position: long ''counter trend''
Stop Loss: 95.30
Position open: 16/08-2019
Reason for entry: ABC pull back on lower time frame (Trading the bullish C-Wave) as price action and overall trend on higher time frame is bearish... Let's see how the trade rolles out...