The bull case here is that we are now right at the bottom of the channel provided by the median lines shown and at the 200DMA - this structure should find so,I'd support and rise back toward the median line around 110
Still retesting the rising support line (rather than the lower horizontal support in the 1.055 area - see weekly chart & e tend dotted line to the left), which if validated should lead to a break of the 100DMA. Longs might want to see something solid above this level before entering the trade (1.0626).
Looks like a real pivot point here. 50% Fib. Wall of resistance to going higher, yet momentum to do so.
Approaching long term diagonal resistance. Smash through or sharp pullback.
Very nice head and shoulders. Move down halted for small bounce at the 61.8% retrace. (16.81). Expect the short set-up to resume from there.
162% Fib extension on this one is 82p. Trend-follow the MAs up.
Close to bottom of the median lines. Going long here - hopefully see it swing back and move towards the 75th percentile
Resistance from 200MA and 61.8% Fib. Set-up well if these break down having effectively retraced and bounced 61.8% off last years high. Could be a set-up for ATH
Resistance from 200MA and 61.8% Fib. Set-up well if these break down having effectively retraced and bounced 61.8% off last years high. Could be a set-up for ATH
Bang on the 200MA with a golden cross event about to occur
After a long period of trading the 20DMA and retracing no more than 50% we had an Intraday 78.6% retrace with full day retrace settling at the 61.8% level. Techs have started to advance along with the price and I think the 20MA is probably now the only barrier to a sharp move towards the 161% extension at 16p
Top of the channel rejected, should be a short to bottom of channel now at least.
Not yet got a full weekly candle above the 50MA but it's trying hard. Most techs look strong. Weekly hammer candle may well set-up a decent week.
It's bounced off the 20DMA which is now supporting it - this is accelerating towards the 50DMA which is the current ceiling. We have a nice double bottom set-up to complete here, so this looks like a good Long from this level.