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