Resistance at the 200 day ma. Volume divergence. Top third of channel. Momentum looks ready to pop. Series of higher lows and lower and lows. Although the market usually does the opposite of what I think so....take with a huge dollop of caution ;-)
After much analysis, SPORTS DIRECT INTERNATIONAL PLC has identified itself as a good SHORTING opportunity.
The technical concepts which I have utilised are largely based on TRENDLINE ANALYSIS. In addition, technical indicators such as the RELATIVE STRENGTH INDEX (RSI) and BOLLINGER BAND PERCENTAGES (%B) have also been used.
So, what technical factors should you...
After much analysis, Just Eat Plc has identified itself as a good BUYING opportunity.
The technical concepts which I have utilised are largely based on TRENDLINE analysis however, technical indicators such as the RELATIVE STRENGTH INDEX (RSI) have also been used.
So, what technical factors should you consider?
1. OVERHEAD RESISTANCE at 497.07 - Notice the...
Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank’s policy meeting were released overnight.
The initial reaction from many traders and economists to the Federal Reserve’s minutes was that a December interest rate hike was now quite possible, but for some – especially the former –...
hieken ashi trend signalling a change in trend.. based on the price now trading above its 20 day EMA and a few green hieken ashi bars following a red one is a good sign.. also renko bars have turned green too to confirm new upturn.. will use ranko chart to exit trade if bar turns red..
