This stock/currency is featuring for the first time on our TradingView blogs.
Current setup: Price has been using the 50 simple moving average as a springboard helping it to continuously trend up.
Conclusion: We are currently seeing a small period of consolidation but we will look for entry opportunities if price breaks above the resistance level.
Any comments...
Last week saw some life injected into UK stocks particularly on NFP Friday. Hiscox LTD was one of those stocks which is now setting up for a potential long entry.
We saw good moves from the very start of last week leading to price on Thursday breaking and closing above long term consolidation which dated back to November of last year. NFP Friday saw price break...
