Will Sainsbury bounce off 200 MA? a 2 to 1 trade also RSI indicating price is oversold which is another confirmation to go long?
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Happy New Year By Sun Storm Investment Research A Profit & Solutions Strategy Disclaimer: I am not a financial advisor, so please do your own research before trading anything
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Stock should be trading around £300 / + 150% in 18 months. Not a bad trade for investors looking to play it safe in the face of an 'alleged recession' being in the post. The stock has been trading inside this descending triangle for years and just confirmed support on the bottom. The monthly chart below confirms the bullish divergence.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Expansion of previous idea - looking at further opportunities to go long
With Snap election on December 12, Sainsbury's offers great opportunity. As the company gets all of it profit in UK, it is very exposed to the election results. Since Conservative win is considered good for Brexit progress, UK stocks expected to rise on it. Results will be released around 2am on Friday. So far the polls suggest that Boris should win. Good Luck!
J Sainsbury Plc engages in the retailing, financial services, and property investment businesses. It operates through the following segments: Retail-Food, Retail-General Merchandising and Clothing, Financial Services and Property Investments. The Retail segment distributes food, general merchandise, and clothing. The Financial Services includes Sainsbury's Bank...
Potentially oversold? Towards bottom of wedge - could retrace a bit, giving decent R/R. Wait for confirmation - consolidating on the Daily TF.
After being denied a chance to merge with Asda, shares of Sainbury's suffered another hit and tested the all time lows from June 2016. Now a perfect chance to get in with buyers or see if the level breaks in an impulsive move and sell.
Sainsburys VCA Trade - Let see how the price plays out.
From using Elliot Wave and Fibonacci tools I believe I have found a Long entry point for Sainsburys. Todays candle has bounced right off the 1.618 fib. Let me know what you guys think.