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Is this Tesco's breakout moment
after breaking out of a triangle pattern started in early 2015?
Good figure from Kantar today have helped the share price
but this is just a small part in the general "scheme of things".
Limitations: 218p resistance and 200EMA resistance. Once past that then it has room to run.
Sirius has broken its upward trend channel
and is at a crossroads.
However, although stochastic is trending down
another indicator, Bollinger Bands, is inconclusive.
Wait and See.
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
Mitie is breaking out after a false start
Broken the 50 EMA and is heading toward the 200 EMA
No trend reversal yet though.
Is AEG ready to break resistance?
Key indicators are looking good e.g. Moving averages
Wait and see.
On weekly chart dark cloud cover is usually bearish,
but this week's price action could make the stock bullish.
It still has to pull away from 219p resistance though.
Breakout from a triangle which began in Oct 2015.
Death cross in March 2018, where 50 EMA crossed the 200 EMA.
Stochastic also trending lower.
Here we have the kellogg stock, as you can see it has been on a down trend for a while and then on the 4th of October you can see where it it flat $67.00 which we fill could be due to the NFP outcome.
Comment below if you agree disagree,
Boohoo has almost completed a 1 year H&S reversal pattern and looks to be heading higher.
Wait and see.
Enquest is making a perfect ascending triangle pattern.
Will it break to the upside?
Watch and see.
GBPJPY appears to have traced out the final 5th impulse wave identifying wave (i) of (3) as shown. This implies that current move should see further downside till about 145 zone which is strong support. A rally from there would not be surprising as the bigger structure being studied suggests a further appearance of strong ...
Back at 154, last established over 4 years ago.
Weekly 50 EMA has crossed the 200 EMA and both are trending upwards.
The next move should be bullish. Wait and see.
No amount of technical analysis can interpret Centrica's
consecutive Head and Shoulder patterns.
Breakout after good results.
NB: Posted early in the trading day, so there could be downward movement as the day progresses.
A big fall this week.
Broke through weekly 50 EMA and heading towards its 200 EMA.
Will it break that and head into a downtrend?
Bullish, and breakout from a triangle pattern
after good results. Target of around 550p.
Monthly EMA's still showing to be bullish as well as the general uptrend.
Price decelerating near support @960.
- Visibly oscillating
- Pull-back phase of general trend
- Price at S/R level
Based on price congestion around this level I except a rise very soon above the t-line & 20ma, once that happens I will be placing a LONG here.
Next barrier will be the daily 50ma 0.18 to head higher.