This stock/currency is featuring for the first time on our TradingView blogs. Current setup: Price has been using the 50 simple moving average as a springboard helping it to continuously trend up. Conclusion: We are currently seeing a small period of consolidation but we will look for entry opportunities if price breaks above the resistance level. Any comments...
Last post: May 23rd. See chart . Review: Price dipped below the support level. Update: Price has started to move above the resistance level. Conclusion: We are still waiting for a breakout of the high. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Last post: May 22nd. See chart . Review: Price was testing the support level. Update: Price has broken through support but we will have to see if it closes below this level when the market closes. Conclusion: We have to see how the trading day ends and are still waiting for a breakout of the high. Any comments or questions, do not hesitate to leave them...
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...
Last post: May 16th. See chart . Review: Price was looking strong after breaking through the resistance level. Update: Price is retesting that resistance level turned support. Conclusion: We now need to wait for price to break the previous high to confirm the bullish trend will continue. Any comments or questions, do not hesitate to leave them below. Hit...
Last post: May 2nd. See chart . Review: Price continued to look bullish after breaking through the resistance level Update: Price continues the uptrend and is still looking strong Conclusion: We can look for opportunities when price breaks a previous high Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...
Review: We are waiting for price to break above the high before we can go long. Conclusion: As price is above the psychological £1.00 round number support/resistance zone, we need a break of the high to confirm a continuation of the bull trend. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Review: Price was using the 50 simple moving average as support. Update: Price continued to make new highs Conclusion: The overall trend is bullish and we will be looking for entry opportunities on breakouts. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Last post: March 27th. See chart . Review: Price was bouncing off a strong support area. Update: Price has advanced and moved up over 700 points and now close to making new all-time highs. Conclusion: If price closes above the previous all-time high we should see bullish trends in most UK stocks. Any comments or questions, do not hesitate to leave them...
Last post: May 4th. See chart . Review: Price was approaching the strong area of resistance and we were waiting for price to breakout. Update: Price has now broken out of that resistance level. Conclusion: We need a breakout of the previous high before we can look to enter. Any comments or questions, do not hesitate to leave them below. Hit agree if you...
Review: Price has moved back below the previous all-time high Conclusion: Since the buyers were not strong enough to hold price above its previous all-time high, we need to stand aside. Price is back in the large consolidation area so wait for price to break out again before looking for long opportunities. Any comments or questions, do not...
Last post: May 14th. See chart . Review: Price was fast approaching the £10.00 round number. Update: Daily chart showing bearish day at that level. Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities Any comments or questions, do not hesitate to leave them below. Hit agree if you share our...
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!...
Review: Price is at the 50 simple moving average, using it as resistance Conclusion: Patience needed until the break and close above the 50SMA, then a break above the 6th June 2017 high Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Unite Group has moved up 22 points since the last post here. A strong move is expected considering that price broke out of a long period of consolidation. Do bear in mind that the £10.00 psychological round number resistance is not too far above which may slow price down. Last week ended with a strong bullish bar and if the momentum continues then the £10.00...
Evraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder. Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend. It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here. Since the last break of resistance we are seeing more...
Yesterday we posted about Evraz PLC here, and today moved up over 10 points since then. Now that price is over the previous all-time high it could produce plenty of profits.
Evraz PLC is now sitting comfortably above the previous all-time high and still looking strong. On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend. In May/June 2017 price used the Weekly 50 simple moving average as support. Then in November 2017 and...