MozzaB

MozzaB

My use of multidiagonals suggest that we could expect a move into the £25.00 range here at RDSB, nevertheless as we approach that upper diagonal, don't be surprised if we perhaps pull back down before resuming the move. A daily close below the lower diagonal would concern me and I would probably exit.

MozzaB

The risk reward at these levels looks solid for either a longer term or a shorter term swing position in the stock.

MozzaB

SHP looks like a buy between~£41.75-45.00. A close below the trend line would make me pretty nervous and I'd probably exit the trade. In the current environment I suspect that with indices at all time highs it would be a macro factor that would trip people out of the trade than a company specific factor.

MozzaB

I would be positioned short the ratio (net long silver/gold) as the ratio looks set up in a bear flag, suggesting medium term downside on the weekly chart.

MozzaB

Selling seems to have exhausted now between the 6-7p range and with partner news on the horizon I can see a decent rise from around these levels. 10p is my main logical target, but ~14p and a test of recent highs could be on the cards too.

MozzaB

I like the multidiagonal breakout. While the volume on the move so far hasn't been huge, it feels like the selling has come to an end in the current range.

MozzaB

Buy at support with a tight stop at the low indicated by the arrow. Realistically, I suspect you would take a lot of risk off in the high 20s and let the rest run longer term. FOMC minutes would be the likely catalyst for a move up or down here.

MozzaB

Short sell the SP500 out from its ascending wedge formation into its secondary support level at 2163. Some profits could be taken at 2170 if volume looks poor heading into the downwards move.

MozzaB

Currently trading in a downwards trend with the trend lines converging into the 93 level. FOMC meeting notes on Wednesday (17th August) could provide a catalyst in either direction within the downwards wedge formation. This is not an open trade, but a cross analysis for long positions I have in precious metals.