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 strength ...
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! ...
CADJPY close to a Daily region, we can expect a pull back until the trend line and continue the bearish movement, or can break the daily region and continue to the up side until next resistance.
Lets wait for a candle confirmation.
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 ...
Sopheon PLC has progressed since our last post here where price was at £8.42, and now stands at £9.12 at the time of writing this post.
We have highlighted the area of consolidation which was from March 2017 to January 2018. The longer the period of consolidation, the bigger the trend may be that follows a breakout. As this period of consolidation lasted almost a ...
Although price was previously in a downtrend Genel Energy is showing signs of heading in an uptrend now.
On the Daily chart price is already above the 50 & 200 simple moving averages which gives it a bullish bias.
Right now price appears to be fast approaching the Weekly 200 simple moving averages which may act as a strong resistance level.
This stock is not yet ...
Elecosoft PLC created an all-time high in October 2007 at a price of £1.14, then made a low of £0.06p in December 2011 which is a big drop.
At the moment price looks strong as it heads up making higher highs and higher lows. Although it looks strong now, the uptrend could find some difficulty advancing any higher at the resistance zone consisting of the £1.00 ...
Unite Group has been in an uptrend since the end of 2011, experiencing a long period
of consolidation from August 2015 to October 2017.
During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very
difficult to trade and your capital is best used on stocks that are actually trending.
Patience here ...
Computacenter has formed a nice trend which has been consistently heading up since 2008.
Prior to that price was in a downtrend from 2000 where it made an all-time high at £15.66. This all-time high area may cause problems which
may see it cause problems for price to advance higher. But if the trend is strong enough it should eventually break through.
Price is ...
Sopheon is a good example of a nice moving stock. After it broke through consolidation which
lasted the for the majority of 2017, it smashed through the resistance level and has not looked back.
The Weekly 50 simple moving average played a part in pushing price up as it was used as support along the way.
After the consolidation breakout, price has had an ...
Uptrending market, respecting the trendline. Retracing back to the 61.8 line before the bulls takeover and head for my two targets. Looking to open twin trades 2% of account balance & move Stop loss to Stop profit +5 pips once the trade is up 30 pips
BTC is in good progress to finish SHS pattern. Neck line must be reached. IF that will be done, it can break out On the base trend line wich can follow $20k again in short period.
Initial 15min downtrend was previously pierced, but now it has been broken. A new 15min Uptrend is beginning. This will continue possibly until the 1 hour downtrend line already in motion. Notes:
- Buyers are pushing to break the 50% retracement point (bullish)
- Possible ascending triangle up to 50% retracement point (bullish)
- 15min Uptrend in motion with ...
If the EMA is broken by the 13:00 candle then we may have a potential Long, But it may bounce of the 0% Fibonacci Level so keep an close eye if you are to follow my analysis. Thank You.
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Most of the economists gave A to Janet Yellen despite the fact that Fed's failed to tighten financial conditions. Three raises of interest rates since the end of 2016 didn't affect the economy at all - stock market keep going up, the dollar has not appreciated and investors ...
After today's results, will VOD break away from the Triangle pattern which has been forming since 2014?
On this monthly chart, it's still in an uptrend, so the answer is probably yes.
NOTE: RSI is not supportive though and shows divergence.
