Pharmaceuticals shares have been hit hard since Clinton's public disapproval of Pharmaceuticals Co.'s prices and profits. Pharmaceuticals shares in general have declined across the board. which is evident in the H1 chart of Shire. R4 5155.88 R3 4985.27 R2 downward trendline R1 4634.31 Current 4580.50 S1 4317.47 If Clinton wins I believe we will enter a...
Pharmaceuticals shares have been hit hard since Clinton's public disapproval of Pharmaceuticals Co.'s prices and profits. Pharmaceuticals shares in general have declined across the board. which is evident in the H1 chart of Shire. R4 5155.88 R3 4985.27 R2 downward trendline R1 4634.31 Current 4580.50 S1 4317.47 If Clinton wins I believe we will enter a new...
Tomorrow we have results from Sainbury's (SBRY LN), in recent times the share prices have performed pretty well (H1). In terms of Co. specific news we will be looking out for news regarding the pension deficit which has increased from GBP 389mln to GBP 900mln - GBP 1.3bln according to reports in the Times. Also another thing to consider is the recent acquisition...
After the initial FBI/Clinton related hit on the greenback, followed by the High Court ruling combined to send Cable through 1.2325-30. On the hourly timeframe this does look like a retracement but we have some key levels around where we are right now. In this recent retracement we have seen a break into negative territory with a RSI trendline break. We are...
I must stress the election is a binary event in regards to technical analysis, but I would like to point out what the chart levels to look out for are. First of all I will look at the mean value, this currently lies between 96.40 and 97.60 & the extreme levels of the recent range is 100.43 high and 91.90 low. On a side note we are also seeing a bullish failure...
Cable has been hit by the weekend reports (Clinton vindication), reportedly there have been resting bids down at 1.2375 down to 1.2330. Also we saw reports that the first draft for the invoking of article 50. R4 1.2557 R3 1.2511 R2 12466 R1 1.2450 Current 1.2422 S1 Upward internal trendline S2 Main 1hour upward trendline S3 1.2330
The banking sector has been hit by Trumps latest resurgence in the polls, but the UK banks received a slight boost after a UK court ruled that MP's will have a say on when and how article 50 will be invoked, increasing hopes of a soft Brexit. The weekly chart has printed a bearish candle signal but on the daily chart prices look overstretched. on the D1 chart...
This Co. has has a interesting time in recent months, the will they wont they OPEC saga has made energy based shares volatile. The most recent rhetoric from today has been from Saudi Arabia who stated that they considered scrapping output cuts if Iran refuse to join in. Last week API and DOE crude oil inventories reported a large build which doesn't bode well for...
Barclays (BARC LN) – recently Co.’s shares have taken a hit after Trump gains ground in the election polls. Yesterday shares received a lift after UK courts decided that MP’s must be involved in the invoking of article 50. This led financial names and GBP to rally as a soft Brexit may be the outcome. Taking a look at the chart we are in a technical downtrend on...
This market is still in a technical uptrend although signs are beginning to emerge that we may be falling off, but the confirmation will come if the 6700 level is broken to the downside. In terms of indicators the RSI has moved into bearish territory but is producing a bullish failure swing. On the monthly timeframe the candlestick action is very bearish but...
Since hitting 2000.00 the share price has retraced 41% and since have consolidated around the 2800 area. The average estimates from brokers are still at a hold - buy rating. The RSI is showing a bullish failure swing with the indicator making lows and the price making a higher low. On the weekly chart price action has been bearish with a shooting star candle...
Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues. R3 230.14 R2 Intraday...
Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues. R3 230.14 R2 Intraday...
We are seeing an extension on gains in the session today, the USD has fallen after some polls were released showing Trump ahead in some polls. Elsewhere EUR/GBP broke through the key 0.90 level which also added to EUR strength. There are both potential support and resistance zones slightly far away from current price but should be made aware of. R2 1.1119 Major...
Tomorrow brings the earnings of UK home builder Persimmon. UK home builders have performed well in recent times with the UK government backing the housing market with expansion plans. In terms of recent broker recommendations UBS, Credit Suisse and Canaccord have all upgraded to company within the last 4 months. * The weekly chart is showing bullish hammer...