GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, GUNSYND PLC ORD 0.01P, GREATLAND GOLD PLC ORD 0.1P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
ippc document submitted and awaiting rubber stamp!
Well we got a lovely little handle now too on the hourly! So as a bullish cup-and-handle is potentially in play, I reckon there could be a very good trade opportunity here with a clear minimum target.
IMO it should start turning up again within the next few hourly candles - based on the Stochastic approaching oversold. Then break the top of the cup level ...
Cup-and-handles are my favourite pattern; I've rarely seen one fail. But... let's not get ahead of ourselves just yet...
Still need a handle to form!
As this has been fast-paced since yesterday's surprise RNS, the 15 minute chart seems best to get a handle on what's going on.
The 50% gain began to retrace, as you'd expect, and found a previously long-standing diagonal resistance to use as a support bounce. Because it formed a bullish falling wedge it should go up again initially, but then decision time - have ...
Fundamentally sound business but CEO's recent interview makes the short-term wins (like the IPPC permit) sound less imminent so will probably see some people trade out before coming back later. Therefore expect another visit down to bottom of channel before bouncing and then potentially breaking top out of downward wedge.
I was surprised by such a small rise following this mornings RNS, so thought I'd throw a few lines on the graph. All subjective of course
Looking at AST we can see strong support from the convergence of Moving averages since price crossed the 200MA back in July.
Today has seen a massive spike in volume from 2p, with both the RSI and Stoch oversold. Price also coincides with the .618 fib level.
This is a buy for me on tomorrows open if price breaks above 2.2. If it doesn't I will look to buy at ...
Ascent could be about to ascend once more. See notes on chart.
look for a volume confirmation break
RSI and pattern looking to turn on low volume
Like the look of this on the daily. News and we test that 3.6p fib