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FTSE

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
LSE:SGROLong
by Joevose
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
TVC:UKXLong
by ApexFX_Pro
Paddy Power Betfair (PPB) Short PPB's investors haven't had much to laugh about this year, not even their comical television adds could cheer them up, i'm sorry to say that from the looks of the daily chart the stock could be in for some more pain soon. After a tremendous run in may the stock has seen a lot of downside until finally finding support at the 6000 level currently the price is having it's third attempt to break the support. In the run up to the last two tests of support the stock has put in lower highers which suggests that the sellers are fully in control of the stock, the last two trading days of last week posted bearish inside days suggesting some indecision in the stock indicating a potential move this week. I am inclined to go short in the name with a stop order at 5999 below support and a stop loss placed at the high of the day prior to the break out from the support. If you enjoyed this idea give me a follow there will be more to come and if you hated it please let me also, happy trading. Joe LSE:PPB
PShort
by Joevose
UKX Reversed Off Resistance, Prepare For Further DropFTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension ) Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:UKXShort
by FlowState
FTSE 100What do I see from the charts.. The FTSE 100 is the highest its been ever. Mainly due to the fact a weaker pound has improved the price competitiveness of our exports which has pushed the ftse over the last two years. Of course, the main factor of this chart is going to be news on brexit, so concentration on brexit news will be important. The relationship between GBPUSD and the ftse also has some similarities. Now for the price action and technicals. FTSE clearly broken down out of a rising wedge. It has retested and rejected of the 21 ema on the weekly time frame, and is struggling to maintain price above the 200 ema on the weekly at 6950. Personally I have a bearish outlook. It's touched the .382 fib retracement level for this move down and is coming up to the 55 ema on the daily which has confluence with the rising wedge. There is strong support at 6750, but should that break, a deep dive is likely to around 6300. I think there is room to retest the 7500 region, which is the golden fib zone for a retracement. There is also a nasty shooting star, which indicated its heading back down to retest support. The RSI is finding resistance and has just made a nose. I expect it to see 6800 again this week, and should this support not hold and make a triple bottom, we will see more bearish momentum. Price at 7300 would be good Risk to reward for a short with a stop above the 200ema on the daily, targeting the 6300 zone, which is also the golden fib zone for the move up from 5700 to 7800, providing us with good confluence. Depending on its strength, we may or may not reach 7500 at that blue box, but either way, it's a bearish outlook from me.
TVC:UKXShort
by Crypto_Joe1