Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as...
The GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades.
As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to...
Asos LSE:ASC looked like it was failing to stay above the previous resistance level
but price has started to show resilience again. This is thanks to the daily 50 moving average which it has used twice this year as support.
Price is also above the weekly 50 and 200 moving averages so the overall trend is up.
The high of the 27th February is the point that will...
It was not long ago we were looking for potential shorting opportunities on the USDCAD when price was moving towards the round number support of 1.2000 in February of this year. Price back then very much had a bearish bias to it with price trading below the following levels:
Monthly - Close to breaking below the low of 2017 and the round number 1.2000.
Allianz Technology TrustLSE:ATT has broken out and created a new all-time high.
Price is above the Weekly and Daily 200 moving averages.
What is interesting is that the last time price visited the daily 200 moving average was in July 2016.
Recently price took a trip back to the 200 moving average which is normal when a stock trends well for a long time.
SKY LSE:SKY gapped up significantly last week.
Previously this stock was just travelling sideways and was hovering around the £10 figure, then unexpectedly price
jumped up which may be down to a news announcement.
As technical traders we believe that the news is factored into price and regardless of what caused the gap, we have to figure
out how to trade this...
Price has pull back to a level of high probability!
I will only take profits at $3200 if I see Price Action that indicates some profit taking.
This is why I will not set a Take Profit on any crypto at the moment. The bullish moves are strong and you could be missing out of profit!
Enjoy the Show
i've already predicted this rally on this pair a while ago. Now i'm assuming price will continue in the upward direction till it will reach a major structure level. However, with such a trending market it's difficult to get a decent retracement in order to hop on the trend. That's why i'm using this kind of simple pattern formation (flags, triangles,...
here we have a nice 2618 on a trend continuation setup, You can see we broke to the downside the last support level (black line) and now we are retesting it. We know that when broken, support could turn into resistance. In addition price is finding some troubles at this level.
We have a double top with rsi divergence that's been broken to the downside. So...