FTSE UK100 - Short - new position (see related)Hi all
After shorting it on the initial down move, after the retrace, it has hit support and made an engulfing bearish candle on the 4 hour.
I now do expect it to head lower again, in turn gold to go higher and Yen pairs to go lower.
It is cycling lower nicely and an I think indices could be in trouble over the net few week.
Thanks for looking.
Duncanforex.com coming soon
FTSE
Look for 94p / 95p retrace - slice 131p / 140p - RSI breakoutBullish trend could be forming now in BOKU after RSI breakout & making higher highs & hopefully a retrace to make a higher low.
Best to look for a retrace before a position taken 94-95p
A company that seems to be growing well since last year, please read latest RNS's.
Not holding but looks pretty interesting.
Look for a slice at 131p - 140p (some resistance at 50ma so perhaps a small slice there to be safe?)
quote from RNS:
2018 has been a year of growth and expansion for Boku. Volumes processed through the platform have more than doubled to $3.6 billion, further strengthening our lead as the world's largest independent carrier billing company. New customers like Netflix and Rakuten have started to use our platform and existing customers like Sony, Spotify and Apple have expanded their use. Revenues have increased by 45% and for the first time adjusted EBITDA was positive for the whole year.
FTSE Malaysia moves lower than expected.Although on the prior move, we knew that the KLCI will move lower to the support and trendline area which indicates the final wave (Z) correction and (e) in triangle. We were hoping that the price will bounce on these 2 support lines. It did for at least 2 weeks and moved 32.61 points above.
As of now, I will stay neutral on Malaysia's economic, if price breaks the support level (red colour line) or breaks the trendline level (blue colour line), then I would say Malaysia's economic will not regain its bull momentum anytime soon. However if it happens otherwise and the index rises up to break the upper trendline, then we are expecting the economic to recover to a new level within 1 to 2 years.
Regards,
Ejaz
FTSE 100: Approaching a short term support. Potential bounce.FTSE 100 is close to complete the -5.30% decline after being rejected on the Lower High of the 1W Channel Down (RSI = 49.506, Highs/Lows = 0.0000). The Golden Cross (MA50 over MA200) on 1D was the signal both on the Lower High and the one on the late May 2018 All Time High. 1D is fully bearish (RSI = 33.998, MACD = -8.850, Highs/Lows = -159.7305) even oversold on the stochastic trade action, meaning that a relief rally should follow. With MA200 supporting we are targeting 7,400.
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FTSE comparison with 2015The shape of the FTSE100 chart in 2018 bear similarities with that of 2015. The top is more rounded than SPX. The turmoil over the forthcoming Brexit execution on Mar 29, 2019 makes this a less attractive market than other non-US indices. Note that the fractal predicts a low of 3896, almost exactly 50% down from the top. This compares well with the 53% drop in 2001-03 and the 51% drop in 2007-09. This is all dependent on a bear market developing globally. FTSE is behind the curve on this, probably buoyed up by weak GBP. But GBP is also behind the curve on rate hikes.
If a bear market does develop, traders need to know the 'shape' of it, ie where the rallies will reach for short entry.
UK100 FTSE - SHORT - 7:1 Win vs Risk trade ideaHello all
Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart.
To head lower to ultimately get to 6750 as it cycles lower.
If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it)
I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after.
I have set a sell limit slightly higher to get me in on a second entry. (around 7410)
Depending on the BOE tomorrow lunch, this could plummet.
Trade safe and thanks for reading
Duncan
Elliott Wave View: Further Strength in FTSEElliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3, and 5 all subdivide in 5 waves of lesser degree. Up from 7041 low, wave 1 ended at 7370.6 and wave 2 ended at 7146.29 and Wave 3 ended at 7477 peak. Up from 7146.29, wave ((i)) ended at 7222.64, wave ((ii)) pullback ended at 7160.14. Index resumes rally in wave ((iii)) at 7461.39, and wave ((iv)) ended at 7420.41 and wave ((v)) of wave 3 ended at 7477.
Index should now pullback in wave 4 before the rally resumes in wave 5. Wave 4 should correct wave 3 rally from 7146.29 low. We don’t like selling the Index and expect buyers to appear to buy dips in 3, 7, or 11 swing as far as pivot at 7146.29 low stays intact.
80p potential retrace - 110p resistance - bull trendLook for RSI retrace to support before entry if keen on the company & chart.
I see 80p as potential retrace before heading to 110p -
134p is ultimate target but keep an eye on divergences on RSI levels
43.4p - 47p resistance - bullish weekly candleNeeds to close on daily at 35.7p but if so then an entry would be good as it could well go to 43.4p resistance (previous support)
keep an eye for RSI trend break if 43.4p is touched to analyse if it will go higher.
47p also where 200ma weekly is might well have a breather after so best to scale out near here to protect profits.
Trading Update & Outlook
As announced last week, revenue for the financial year ending 31 March 2019 is expected to be approximately GBP57.0 million (2018: GBP44.6 million) and adjusted EBITDA for the same period is expected to be approximately GBP11.0 million (2018: GBP8.4 million).
The Board believes that Fulcrum's breadth of services across multi utility, gas and electrical markets, sees it well positioned to capitalise on opportunities across the infrastructure and asset ownership sectors. The headwinds encountered in the larger electrical infrastructure sector continue to present challenges but the Board remains confident in the Company's longer term prospects.
Martin Harrison, Chief Executive of Fulcrum, said:
"We continue to see sustained growth in our gas infrastructure and asset business and are encouraged by the smart metering, cross-selling and electric vehicle charging opportunities for the Company. Despite the current conditions in the larger electrical sector, we remain confident that the successful execution of the Company's strategy and balanced approach to the industrial, commercial and residential markets will deliver long term, sustainable growth for Fulcrum."
GBP 95.5m in cash - mcap at £47.2m - SD upped holding to 29.89%Extremely bullish here based on the numbers from last report.
Looking for 40p at least if not more.
Hoping to see an RSI & trend line break out
Sports direct will need to do a take over offer if they get to 30% holding. they have 29.89% at moment.
Continued strong liquidity with Group cash of GBP95.5 million
as at 26 January 2019 (2018: GBP84.9 million) and access to aggregated
facilities as at today's date of up to GBP110 million across
the UK and Spain
[SLA] ABC STRUCTURE IN PLAY.......buy on the dip!!
COMPANY PROFILE
Standard Life Aberdeen plc, formerly Standard Life plc, is a United Kingdom-based global investment company. The Company operates through four segments, which include Aberdeen Standard Investments, Pensions and Savings, India and China, and Other. The Aberdeen Standard Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles. The Pensions and Savings provide a range of long-term savings and investment products to individual and corporate customers in the United Kingdom, Germany, Austria and Ireland. The businesses included in India and China offer a range of insurance and savings products and comprise its life insurance associate in India, its life insurance joint venture in China, and operations in Hong Kong. Its Other segment primarily includes the corporate center and related activities.
Sector: Financials
Industry: Investment Management & Fund Operators
Employees: 7768
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The Next Big Sell OffTypically I only trade the major stock indices when I can see a big move happening. This is because they are dictated by many individual stocks which of course can be influenced by a multitude of factors, so its very easy to get caught on the wrong side of an unexpected move.
The great thing with major indices however is that they do serve as great reflections of the economy as a whole. Most if not all esteemed economists are predicting that 2019/2020 will see the next recession. I won't go into the reasons for this, simply because I don't have all the research myself and also I don't have the time. Simply put, my bias on all of the major indices is bearish.
So when now assessing the price action we have seen develop over the past 12 months you can see this time last year saw a major rally into the 7900 region where we saw the 2018 high. Then throughout the majority of the year price was ranging above 7500 and below 7800 before we started to see the cracks emerge in the global stock market. Ever since price broke the 7500 barrier we have seen a major sell off, verging on official bear market conditions in some sectors. There was some temporary support of 7200 which has become a major Swing Level in the market but this got viciously broken in early October and as winter 2018 set in we only saw the market sell off even more. Even breaking the 7000 level!
More recently since 2019 price has recovered above 7000 but still has not broken above the 7200 Key Swing Level mentioned previously. As I stated this level has become such a barrier because not only term of technical analysis has it created a resistance level and key swing level for price but also because price has never broken it since the widespread concerns within the global stock market come to the fore.
So I am opening some short positions around this zone and will be targeting 7100 as a safe target that still leaves room for the market to range between 7000 and 7200.
SGRO Long This week I will be keeping an eye on the UK based REIT SGRO, their main business is managing industrial storage units, the stock is within 3% of its all time highs and is consolidating nicely around the 662 level. The consolidation has been a bit all over the place for my liking and that skews the entry a little bit as I like to clear all previous highs with my entry to avoid running into previous resistance but the spike on the first of march would make the entry too high from the level. that being side the price is bunching up nicely under the level and on the weekly scale an inside weekly doji gives me the feeling that we could see some action within next weeks trading. My improvised entry would be 663.2 as this clears the attempt on the 30th of January but if you want a clear margin of safety in the trade then 6666.3 would be the stop entry. This stock is a relatively low beta at 0.76 (yahoo finance) which I think could help it out given the weakness lately in the FTSE 100, I hope you liked this idea, if you did be sure to comment what you like if not then that's welcome too.
Happy trading.
Joe
Bullish divergence / resistance 190 - fibs 786 #mfchartWe are right in previous support area plus bullish divergence, resistance at 190p but still a chance of below support at 100p depending on market in general.
with 5G possibly coming in I think this will be a good opp for new entries in coming weeks.
SELL YOUR HOUSE AND GO LONG hahaYou can see from our support line ( green line ) that this is a VERY strong level that price has bounced of many times, Price has also bounced off this level this week and we can see a run up to our resistance zone ( green box )
Of course surrounding Brexit and businesses not knowing how the deal or no deal will affect them and trading then you have to be cautious trading the FTSE 100 as this is comprised of 100 companies listed on the London stock exchange with the highest market capitalisation, So any laws that stop these businesses earning will drastically affect the FTSE 100 price.
We suggest trading this with a very tight SL, but we can see this been a very nice opportunity to go long and make some decent money.
p.s don't actually sell your house you moron ;p