*investment opportunity*
A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock.
The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of...
A riskier entry but worth considering. Rising trend followed by a prolonged consolidation. Long entry without waiting for the breaking of the upper trend line.
Closing the weekly gap could be a major triggering point for a major trend reversal while targeting a major resistance at 1.2£ area, at least.
For mainland Europe, Centrica might be an unfamiliar name. This energy giant, headquartered in the UK, on the back of climate change, undergoes a historical fundamental business model shift effort, while exiting energy...
A price action below 82.00 supports a bearish trend direction.
Testing its 200-day sma. Crossing below this level will act as further confirmation for downside potential.
The level 78.00 is critical for such downside.
Target then 76.00 (lower range of the wedge pattern).
Remains a risky trade.
If you have been following along then hopefully you took the neutral triangle trade. As you can see the E wave hit target at the price and time window (a nice 25% move). Now that this has played out we can begin to calculate the next buy price for Centrica. The thrust out of a neutral triangle is more 'trendy' than other triangles, but we can anticipate a 0.75 to...
Centrica Plc engages in the provision of energy supply and services. The company was founded on March 16, 1995 and is headquartered in Windsor, the United Kingdom.
I quite like the looks of this setup more as a mid term play. The company itself is looking quite undervalued (to me) at the current prices. It also appears to be going through some restructuring to...
If you follow me you will know that I have been expecting Centrica to retrace to the Golden Zone. It has finally hit target and I have entered the trade. My trade plan is based on a NeoWave Neutral Triangle. A Neutral Triangle is a five-legged correction where the middle wave C is the longest. To obtain the price target for the E wave you can draw a channel across...
I've had August marked off as a significant pivot low for a while now and Centrica fits in with this narrative. My current trade plan for Centrica is a GZ play and I'm patiently waiting for the correction to conclude. As you can see I have this as a flat correction and I am waiting for a matching move to bring Centrica down to the 34 pence region. There should be...
The list of UK stocks had some difficulties recovering, but now everything is fine as the UK100 overall index shows good strength, so
CNA continues to return to conquer its old target.
CNA pattern : Triangle Symmetrical
Buy now : $43.45 +-0.1
Target : $56
Stop loss : $40
If margin with high leverage > 2x : stop loss : $41.5
Wish you trading success !
