After enduring two corrections, the UK100/FTSE index appears poised for a significant upward wave, potentially leading to a new all-time high. Market analysts anticipate a resurgence in bullish momentum as previous downward corrections conclude. With these setbacks behind it, the index is primed for renewed optimism and potential record-breaking performance....
UK100 H4 We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack! Expecting this setup to make its move at some point this week, patience pays.
One of the Uk's 'big four' banks, Barclays bank is looking to make a comeback after being in a corrective phase(or downtrend) for more than a year and a half. The stock made an impulsive up move from the march 2020 bottom and the same went on till Jan 2022.Since then however the stock entered the 'wave 2' correction and has remained in it for more a year and a...
The FTSE 100 Index (UK100) has broken below its 1D MA50 (blue trend-line) and is approaching the 1D MA200 (orange trend-line), which is the first short-term Support. The medium-term is the 1W MA100 (red trend-line) and those two are our buy entries for a 7800 Target. This is just under the Lower Highs trend-line from the All Time High (February 16 2023). The 1D...
Every time the short term support line is broken the FTSE100 index has always reverted down to the red long term support trendline. Therefore, it is sensible to assume that this will be the case again. A buy target of 5000-5500 is reasonable, however if the index drops below 5000, all bets are off.
FTSE - Longer term view A break to either direction! Have a great week ahead, TJ
LSE:JET2 chart looking ok for swing trades, support and resistance lines drawn. apply stop losses to your trades, good risk management. jet 2 is great long term stock to hold, but if your want to trade it, they're is plenty opportunities to make money, with good trade setups. long at 865.5, stop loss at 846.4 ,take profit at 998.6 Previous...
EasyJet - Intraday - We look to Sell at 401.2 (stop at 434) The medium term bias remains bearish. Broken out of the channel formation to the downside. An overnight negative theme in Equities has led to a lower open this morning. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Our profit targets will be 275 and 250 ...
⏫VALUE BUY - Ferguson Plc - FERG 🔢Technicals ▪️Stock: Bearish ▪️Sector: Industrials - Bearish ▪️1 Month vs FTSE100: 3.91% ▪️3 Month vs FTSE100: -1.67% 🔠Fundamentals 🔸Overall Rank: 12/276 🔸Value: 71/276 🔸Quality: 35/276 🔸Momentum: 109/276 🔸Growth: 9/276 🔸Profitability: 25/276 🔹Entry Zone: 9216.00p - 9576.82p 🔻Stop: 8455.00p ▪️Target1: 10934.00p ▪️Target2:...
BP. (BP.) - Short Term - We look to Sell at 382.20 (stop at 404.10) A bearish Head and Shoulders is forming. An overnight negative theme in Equities has led to a lower open this morning. A break of 365.30 is needed to confirm follow through negative momentum. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
Trading UK indices lately.. You should have been long on the smoker fall. Then long after when we hit comfortable support. Then long again. and again. This really helps. Trade with SCALE.
Last week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break...
Here we have our FTSE 100 Full Analysis, After global tensions increasing and the UK Putting sanctions on Russia we have seen a fall in the price of the FTSE followed by a rise on Good company earnings and Oil company profits with rising prices due to the threat of supply. As we return to former highs and some strong resistance we can look to get short on the...
The FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone. December was up 4.62%, so there is clear momentum right now. This brings a nice change from the sideways movement we had between May - October 2021. Following the all-time high created on May 2018 at 7903, price declined, gaining momentum during the peak covid pandemic in...
Although RWS can be a volatile stock, we've seen the weekly support level is a strong one to add more positions. We sold SDL after the takeover announcement by RWS and then we bought it when it finished its correction in January 2021. It's a good one for the long-term not only by technical but also fundamentals, as translation software is growing in importance...
Don't forget to click on the follow button for more daily detailed analysis. Also if you have any questions please do ask them! We were previously looking short on the FTSE and our targets were hit. We are now looking long as we fall to comfortable support. The FTSE was knocked by sentiment around the current covid news and it's affect on the UK economy from a...
I've been accumulating this stock since the 60s slowly and now I believe it's at the point where it is due for a good bounce. It has just broken SMA100 level which was acting as resistance previously. Currently, SP is trading above SMA 10, SMA20 , SMA50 and SMA100 MACD indicator going positive Money flow going green too. Also, momentum has gone above 10 All...