BH42

BH42

Previously Sports Direct, Frasers Group is performing nicely and looks ready for a breach of it's resistance at 329. With stores opening in July and online demand performing well, Frasers Group look sure to reap the rewards of more stay at home workers looking for exercise clothing and equipment. Should we pass resistance around 329, I expect a strong push up in...

BH42

I have been skeptical about airline, travel & cruise stocks for the past months, however, Boeing has found strong support following the reopening of economies globally and is approaching an important weekly & daily resistance zone at around $186. Should Boeing push through this and hold above, we could look to progress upwards to around $243 which is the next...

BH42

I have been watching Fox Corporation for a few days now and they are steadily rising. With a break above the upper channel resistance and a perfect retest and then bounce, this should now push upward to a target of around $31-32 before a pullback. With filming returning and lockdown measures easing, Fox Should be primed for a 8-10% profit over the next week or...

BH42

American Express broke out of its trending channel yesterday on very good volume. With consumer spending increasing due to the easing of lockdowns globally, AMEX should now push higher providing the markets continue in their upward trend. We are fully expecting a breakout to $111-$112 before a pullback. This is providing the US / China tensions do not cause a...

BH42

Workday found a good level of buying support yesterday after an initial sell off and looks primed to make a push up in the coming days. With more online support required by employers, Workday are in a good position to take advantage of this over the next few months. Target price from here would be in the region of $180.

BH42

The S & P has been trading in a range between 2790 and 2960 since around the 22nd of April. We are now at the highs of the range and could see a breakout in the coming days, or, we trade back within the range once again. Keep a close eye on this one !!

BH42

We have just taken a position in William Hill betting on a breakout above resistance around 122. With global sports returning over the coming months and stay at home stocks doing well, gaming stocks should fare well over the summer. We will be keeping a close eye on the breakout. Should we break resistance over the coming days, a decent profit should be in order.

BH42

Further to my post earlier this week, Netflix has now pushed above it's previous resistance to a new all time high. Netflix broke above resistance yesterday on good volume and closed the session at $454.19 confirming the breakout. We will be looking for a small back test early next week and providing the new support levels hold, higher highs over the coming...

BH42

Netflix on the verge of breaking resistance to a new all time high or, a double top. Personally, I have bought shares today and am going long, Netflix to all time high within the next week !

BH42

Channel breakout on RB. Broke out of it's channel and now backtesting, providing the support level holds we can take this as confirmation of the channel breakout.

BH42

Not one that we are trading at present, but a decent ascending range for any swing traders looking for a scalp on a 4hr or daily timeframe to the top of the range in the coming days - depending on gov news and FTSE reaction.

BH42

Currently watching Intermediate Capital Group closely for a breakout from its ascending triangle this week. A push up with strong volume above previous resistance at 1190 should be confirmation of a breakout. Initial target would be in the region of 1400-1450, then looking for a pull back before moving higher to 1700+ later in the year.

BH42

Ocado broke out earlier this week from it's ascending channel formation. We had been trading this position over the past week or so and closed our position on Thursday before close of markets with a 16% profit. Will be looking for re-entry around £17.60.

BH42

Microsoft breaking out of ascending triangle on 1D time frame. Confirmation of support complete and now pushing to a 6-7% gain from breakout, potentially to all time high.

BH42

Kainos looking to breakout of it's ascending triangle having broken through the previous resistance. Retest and confirmation early next week, if confirmed expect a 15-20% gain over the coming weeks.