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Last post: April 25th. See chart.
Review: Price had broken through a strong resistance level and looked bullish.
Update: Price is currently performing a pullback but still bullish overall.
Conclusion: We can look for trading opportunities if price breaks the next resistance level and the £100.00 round number.
Any comments or questions, do not hesitate to ...
Big Yellow Group smashed through the resistance level but may now encounter trouble at the £10.00
psychological round number if it is to advance higher.
As you can see on the monthly chart, price is looking strong so far this month as it has produced a large bullish bar which saw it break through resistance. Last month's bar poked its head above the resistance ...
Capture gains from the imminent bearish swing. The overbought RSI and shooting-star candle indicates that the resistance breakout is most likely short-lived. Hold until it reaches the support/ RSI indicates overselling.
Place stop loss at: 837
Risk/Reward ratio: 5