UK100 BEARISH PATTERNUK100 CFD had broken the support of the triangle pattern that was formed on the 1H graph. The histogram of MACD indicator is still below the zero line, also confirming a bearish outlook for the instrument.
If the price of the instrument continues its current movement, it might reach levels below 7040. On the other hand, if price reverses, it will most probably test the resistance of the triangle at 7350.
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Ftse100
EasyJet at COVID-19 LOWS!!EasyJet
Medium Term
We look to Buy at 385.00 (stop at 364.00)
Previous support located at 385.00. The medium term bias remains bearish. We are trading at oversold extremes. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 489.00 and 565.00
Resistance: 500.00 / 581.00 / 721.00
Support: 385.00 / 345.00 / 273.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
A chance to short FTSE for 160 pipsFTSE is a nice downtrend.
It has reached the H4 MA and created a top.
We are selling this with 40 pips SL.
UK100 21st JUNE 2022London's UK100 rose on Monday, boosted by gains in financial and energy stocks. London's main share index fell last week on escalating worries about a recession and bets of bigger interest rate hikes after a cautious raise by the Bank of England.
BP - Make or break for the UK Oil giantBP. (BP.)
Short Term
We look to Buy at 390.00 (stop at 373.30)
The medium term bias remains bullish. The trend of higher lows is located at 377.50. Dips continue to attract buyers. Our overall sentiment remains bullish looking for higher levels.
Our profit targets will be 455.50 and 480.00
Resistance: 396.00 / 419.35 / 456.00
Support: 377.50 / 364.10 / 338.05
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FTSE - BTCUSDT - FTSE Pushing BTCUSDT DownFTSE lets go inti the future.. No one wants to look back! :)
FTSE 100 Open - 20 June 2022 Interesting to see the opening move from the FTSE 100 20 June 2022 . :P
UK FTSE 100 - Monthly Cypher Harmonic - June 2022Drawn the technical's of what technically is a Cypher Harmonic. Will it happen? Possibly. At this moment of time its less probable, closer to time the more probable . Fun though. Nice to have a plan.
FTSE 100 - some relief comingFTSE100 has taken a further dive down towards historical price support.
Formed a steep bullish divergence on the 4hour. Would expect some relief here.
ETH Reverse Head & Shoulders June 2022Regardless of all other prices.... See if this pattern without noise plays out. Experimental. Dont forget, there's a BTC ETH pair. This price move is totally at the moment based of the FTSE.
FTSE 100 Trend Reversal - Support Resistance Levels - June 2022Nice trend reversal surpassing a daily resistance (1st blue line from bottom) into daily resistance (2nd blue line above price). Interesting to see if we can hold.
FTSE100 Turning Time?FTSE100 is not a growth index but value based. We debate inflation but entered in recession talk, for FTSE100 consumer stands strong is very important but UK Govt inject money again but it is not a solution. Index got a big part over 17% OIL shares but Oil can slip at some point.
UK100 13th JUNE 2022100 selected UK big companies that are components of the FTSE 100 index, only 9 stocks record gains, while 91 stocks losses and 1 stock traded unchanged. Bearish trend may end this week. I see a bullish potential, the price is in the weekly strong support area. With a tail tolerance of 4.3% below the support area. Price is possible to be bullish in the future.
Jamie Gun2Head - Buying FTSE 100Trade Idea: Buying FTSE 100
Reasoning: At daily support, looking for a correction higher
Entry Level: 7233
Take Profit Level: 7431
Stop Loss: 7152
Risk/Reward: 2.44:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FTSE - Gartley Harmonic & Beyond? I believe a fulfilled Gartley on the FTSE. Possible trend continuation. Interesting, S&P which (that) I drew (drawed) .. Seems to be following. Lets see, S& P to follow.
FTSE - Strength to continue? UK100
Intraday - We look to Buy at 7500 (stop at 7445)
Previous support located at 7550. Previous resistance located at 7620. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 7620 and 7650
Resistance: 7620 / 7650 / 7700
Support: 7550 / 7500 / 7450
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FTSE 31st MAY 2022OANDA:UK100GBP have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish.
Bearish potential on the UK100 Weekly, Check this out :
UK100 Weekly
Timeframe. According to the stochastic 5 3 3, it seems to be back in the overbought area, it will be strengthened to bearish if the indicator crossover.
FTSE100 One of the best index buysThe FTSE100 index is approaching its 2022, a rare feat among the leading global stock indices, the majority of which are making Lower Lows. This strength is technically derived by the bullish dynamics of the Fibonacci Channel Up it has been trading in since 2021, which only broke during March's correction.
The price action since April 10 is similar to the sequence of August 11 - October 11 2021. The bottom on both pattern was made after the 1D MA200 (orange trend-line) broke. The latter sequence went on to make a Higher High on the 1.382 Fibonacci extension. That extension on the current pattern is around 7860 and that is our Target by July.
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BARCLAYS - Clear As Day - Buy @163p
REASONS TO BE BULLISH
Technical - Recently broke out of a 15 year pennant pattern and just retested for support.
Technical - Recently crossed and reclaimed the 50 MA.
Technical - MA 50 looking like it may cross the 100 and 200 in future months.
Technical - RSI is in the bull zone (bouncing off its base).
Technical - A 155p entry was triggered when reclaimed MA and RSI bull-zone on the same candle. We're now at almost the same level.
Technical - All-time high was back in 2007. This stock hasn't been touched in 15 years and is now winding-up to revisit the top of the upwards slanting trend-line.
Technical - Looks like wave 1 of a 5-wave move is complete/near completion.
Fundamentals - Price to earnings is just 4.7. Barclays is looking like incredible value right now. Net earnings up 275% for the year.
Fundamentals - Dividend yield is ~4% - not to be sniffed at all in this environment - they may even increase this given how profitable banking with current accounts may turn out to be if the BOE base rate continues to increase.
Fundamentals - Implied volatility in the options market is increasing, and it seems like some big players may be eyeing-up Barclays for a big position (likely long but perhaps short).
Fundamentals - Less exposed to the U.K. than some of its counterparts (like Lloyds). With U.S. and India appearing in their Top 4 countries in terms of investment.
Target 1 - First target would be reaching the underside of the purple channel once more at 260p or £2.60. A 60% move off todays prices.
Target 2 - Next profit target would be 750p or £7.50 (a 4.6x move). That could be attainable fairly quickly in the next decade on current trajectory. I don't normally like to post timescales but I am curious to see how this one plays out.
Target 3 - The white top line coincides with the 2.272 and 2.414 fib extension (from Mar20 to Mar22). This generates an ultimate price target of between £10.50 (1050p) and £17.30 (1730p). This matches with the extension from the height of the pennant (top to bottom) also.
REASONS TO BE BEARISH
Technical - Below the purple bear channel and not showing signs yet of being an 'exponential' candidate.
Technical - Stop loss will be 140p at the prior low - representing a 12.5% risk.
Technical - Only recently broke out of the pennant pattern. Could still reverse from here.
Fundamentals - Inflation is not usually too good for growth and banks, with costs increasing as well as profits from interest rates.
Fundamentals - With interest rates increasing you'd anticipate that defaults and leverage will unwind in other economies and wreak havoc. Perhaps Barclays have repaired their balance sheet in the last 15 years or perhaps the UK government will continue to backstop, but current market conditions don't make for pretty reading.
SUMMARY
Buying Barclays here seems like a no-brainer here. Significant dividends in a stagflationary environment cannot be ignored. Neither can we ignore a reasonably priced stock in 2022, as well as a successful backtest of multiple breakouts on our indicators/TA. Time to keep an eye on this one.
SSE - So Simple & Easy - BUY @£1,766REASONS TO BE BULLISH
Technical - Recently broke all-time high from 2007 - 15 yes FIFTEEN years ago!
Technical - Crossed the 50 MA some weeks back and just reclaimed the top of the purple channel. Holding there at support. A great time to reload.
Technical - 50, 100 and 200 MAs all the right way around now, after crossing back in October 2020.
Technical - Back in 2019, we had a double-threshold break. Crossing the 50 MA and entering the RSI bull zone on the same candle - my favourite type of entry. it has already back-tested that move.
Fundamental - Providing a dividend of 4.6% in a stagflationary environment, SSE is not to be sniffed at. 29 years of consistent dividends too!
Fundamental - Furthermore, demand from UK households is not receding from here. Same for sustainable energy & ESG investment.
Fundamental - Price to earnings is reasonable at ~7.6, unlike many other companies on the market.
Fundamental - SSE's standard mix has 55% renewables, with 40% from natural gas. The average UK provider offers 40% renewable, 38% gas and 16% nuclear. They're one of the best in a bad worldwide bunch.
Targets - Initial target would be a 200% move to £3,300. Should the energy really be 'cooking on gas', we may see it reach the £5-10k top channel (in green) after the coming 5 years.
Targets - Any pullback to the 50 EMA is to be bought (~£1,475 and rising).
WHAT COULD BE BEARISH
Fundamental - Sold off on news of a potential windfall tax on oil & gas producers. As of today, I would rate the chances of that passing or affecting SSE as unlikely, despite the political pressure. Even if implemented, it is perhaps more likely to stunt BP and Shell's progress than a "greener" company like SSE.
Fundamental - Businesses like SSE are needed to support households and also shift to a greener future - being one of the biggest investors in green energy in the country. Unless those in charge wish to undo all their promises in recent years, I'd rate the chances of this impacting SSE as low.
Technical - Down nearly 8% for the day and with other more risky assets selling-off, SSE may still stutter (even if downside limited from here).
Technical - Stop loss would be £1,285 which would create a new low and a 27% decline
SUMMARY
Overall, this seems like one of the biggest no-brainer investments out there. Relatively low-risk, relatively high-reward.
Dividend - Check. ESG - Check. Inflation-proof - Check. Value - Check. New ATH - Check.
Absolutely long-term bullish on SSE, although I expect a a few weeks of sideways action to settle on top of the prior all-time high to call it support. Today SSE is a solid purchase and I expect will remain a good time to begin a position, inspite of the market & political risks identified above. Let's keep an eye on this one in the years ahead. Thanks for reading!
UK inflation rise to 9% despite 4 rate hikesUK facing high inflation and it breaking 40 years record, BOE rises 4 rate hike in row but price not going down. Even UK economy is different from US but we see FTSE100 did same like US markets in 2020 -35%, 2008 -48%, 2001 -52%.
It's clearly not investment season and stocks like WMT, TGT also dropped badly other side bonds dropping. We can not say Cash is Trash in this season. I think now holding is cash is only best option and we can expect stocks will available more cheap (20% to 30%) in 2 to 3 months.
UK100 12th MAY 2022Bullish potential on the OANDA:UK100GBP Daily Timeframe , The price have no power to breakout below the support area Aug 2019 - Jan 2020.
Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish .
UK100 4th APRIL 2022
