Bovis Homes has made attempts to break through the strong resistance level in the past
but couldn't quite make it through.
A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend.
That breakout confirmation is essential as the high has not been broken after a number of attempts in the past.
We can see price has...
Coca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post.
The 50 simple moving average helped push price up and through the resistance level.
The next few days/weeks will be important because we have to see whether price can stay above the resistance level.
We sometimes see fake breakouts where price breaks out...
The GBPSEK is one of the better looking GBP currencies with price trending well and currently going through a mini breather as opposed to a deep pullback such as the GBPCAD.
Last month in March, price broke out of a period of consolidation that went back to December of last year and has since been trending very nicely. The emerging trend structure has so far...
The USDTRY is new to our TradingView blogs and deserves highlighting given the current setup.
As an exotic, this currency pair can trend well and highlighted on the monthly time frame but pullbacks can be deep and price can go through extended periods of consolidation. This is useful to know for those that want to trade this. There is no better indication of...
Burford Capital is showing signs of potentially breaking out after bouncing off the support level
which I mentioned in this post.
This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone,
then a move in the direction of the main trend.
We now just need to confirm a bullish trend may unfold...
Fairfx Group Recently broke its previous all-time high which was at £0.88.
After a major area is broken we can expect price to retest that level before advancing which has happened with this stock.
The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the
psychological round number...
We last posted on the EURUSD on March 24th when price was firmly in consolidation.
There has been no change on this since then with price still trading sideways between the drawn in support and resistance levels that define the high and low of this range.
Overall, our bias is still very much bullish with price trading above the daily 200SMA and the round...
Fever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes.
On the daily chart price is above both the 50 and 200 simple moving averages.
As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock.
At the moment price is reacting to the 50 sma and has bounced off that area.
3IN was in a period of consolidation that began in July 2016.
After price broke out of that consolidation zone it used the resistance as support and now looks set to tackle
the next area of resistance.
The resistance level we need price to break is at £2.15 and if it does get through then we may see a trend form
like the trend we saw from 2014 to 2016.
Here at Sublime Trading, we focus on all the markets that includes FX, UK stocks, US stocks, commodities and cryptocurrencies. We do not have any attachments to any single market such as FX and to any single instrument such as Apple, gold, oil or the EURUSD. Instead, we move to where the money is by using a sophisticated scanning process to identify where the...
Coca Cola is a household name and a company many investors may be interested in trading and it is potentially
on the verge of breaking out.
On the weekly chart we can see that price has bounced off the 50 simple moving average where it found support.
The sellers were unable to gain control and the buyers forced price to head even higher.
The 200 simple moving...
We last posted on the USDJPY on March 23rd when price has broken and closed below, suggesting a continuation of the bear trend.
Ideally, we would have like d to have seen price trend in a neat and linear fashion but instead price pulled back to the resistance level close to the entry point of our trade. Because of the way we manage out stops, i.e. not being too...
We last posted on the GBPCAD on March 23rd when price had pulled back to a pivot support level.
5 days on and we can see there has been little change in price. However, the positive that we can take from this is that this pivot support level is holding strong.
If we look at the structure of the trend from January when priced bounced off the daily 200SMA, we...
The FTSE 100 has been bearish for a few months.
Price at the moment is below the 50 and 200 simple moving averages. Price did not look like slowing down but today it has bounced
off a strong support level at £68.75 from May 2013.
Since we are below both moving averages, this bounce does not mean much just yet. For price to become bullish again then
we need a break...
The USDSGD is an exotic that is a regular on our watchlist. It is a slow mover but trends very well and hence a great addition to balancing out a portfolio. If you look at the monthly time frame, you can see how well this trends from 2002 all the way through to 2011.
Since 2011, however, this has been difficult to trade with short lived trends and extended...
Burford Capital is still hovering around the support level which I mentioned in this previous post.
It is normal for price to retest the consolidation zone but it is unclear for now whether price will return back to consolidation
or bounce off that zone before moving higher.
The time in which this may happen is not certain right now but what is certain is that we...
We last posted on the AUDJPY on March 17th when we were waiting for 2 key support levels to be broken.
The first, the drawn-in pivot lows of March, have now been broken and confirmed as resistance. This would potentially offer a short entry into the trade but this is where we are applying patience and waiting for the next key support level, the round number 80,...
There has not been much change on the EURUSD since our last post on February 28th. Back then, we were waiting for a breakout and we can see that there has not been much change since then.
Price has remained in consolidation and we still require a break and close above the 2018 high. Price still very much has a bullish bias to it as it is trading above the 200SMA...