Shares
Is this Tesco's breakout moment?Is this Tesco's breakout moment
after breaking out of a triangle pattern started in early 2015?
Good figure from Kantar today have helped the share price
but this is just a small part in the general "scheme of things".
Limitations: 218p resistance and 200EMA resistance. Once past that then it has room to run.
BHP Billiton - Short tradeBHP Billiton, is a trade that we are currently short on from 1408, utilising our absolute return strategy - Trend Following.
The chart shows lower highs and breaks to the DS of key horizontal & ascending TL support levels, which the market has failed to hold and has in turn broken further to the downside, after watching the pair consolidate within an equidistant price channel, Price broke down, outside of the EPC and closed below the 200 day EMA ! Giving scope for further downside, subject to price continuing to trade and hold below these two previous key levels of support, now resistance !!! Price closed below these two key levels.
As we are trend-following, we don't have a set 'take profit' area, however, if we look at where the market could be heading, we look towards the support levels at 1313. Here we expect price to enter a phase of consolidation / distribution, whilst the market digests the fundamentals and other technical patterns. IF price fails to hold this support level, we could look for BLT to be retesting the lows of April 2016 around 1100 !
Good news for Oxford BiomedicaAfter multiple tests of resistance,
it looks as if OXB is going to break 11p and move higher
3M shares Buy IdeaMMM Monthly Buy idea @ the Demand Zone (210.60 - 200.57)
Buy Limit: 210.75
Stop Loss: 196.16
Take Profit: 234.51
ICICI will give good buy opportunity very soon I am posting daily and weekly chart too, it will describe that why it will hit that level and why it will re-bounce. you can take short term trade on this chart too for sell
DAX H&STake a look at DAX weekly chart. 11900 is a very strong support, on which the price bounced back multiple times. Are we going to see an head and shoulders pattern? We alredy have the first two elements. Now we need the right shoulder.
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement.
It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle.
Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels.
Alongside this, the moving average also seems to repel prices downwards.
From there, there is still a further 2 waves before the A wave is completed.
The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line.
A will most likely finish around the area of 240,000.
Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated.
Thanks.
ASOS forms a bearish ascending wedgeASOS forms a bearish ascending wedge
That's bearish, although ASOS is still in an uptrend
Deutsche bank breaks to the downsideAfter ranging since Dec 2016, DB has broken its rough rectangle
and broken to the downside.
Still bearish
Michelmersh Brick: A decade long ascending triangleMBH is forming a decade long ascending triangle.
No breakout yet, but can it break 100p?
Good results show potential for a bullish move,
but the pattern is soon to be completed.
Need to check in 12 months from now.
Where next for Crest Nicholson?Repeatedly testing support
All EMAs aligned and trending down
Bearish anyone?
Intel shares will rise due to its strong chip sales to companiesWe have immediate resistance at 50.84, passing this level unlocks the upside, and with support of good fundamentals price can reach 60 in the following 2-3 months. Today price up 2% so far.
Will Mysale head higher?Good results from Mysale may help the company break the triangle pattern
that started to form in January last year.
Wait and see?
Playtech's looking bearish It's gapped through a few support levels
and has resistance of 808 at its 200 EMA
#bearish outlook
One of Lancashire's worst weekly fallsOne of Lancashire's worst weekly falls
A "very" bearish engulfing candle.
Where will 600 group go?Where will 600 Group go
after the breakout in late January?
Both moving averages on the chart are about the 200 EMA,
so it looks bullish.
Mid Term Correction Idea for SG marketSGX:SGP1!
Mid Term trade idea for SGX:SGP1
Due to the weakening dollar (DXY) testing a very strong support level, and Singapore market being negatively correlated with the dollar...
If the USD bounces above its key long term support, it would then mean that Singapore market would be in a period of intermediate correction.
Alternatively, if the USD breaks below it's key long term support, we would see the big boys (banks, HFs, AMs) move their money towards the cheaper assets across the EM countries. Holding USD denominated assets in the alternative scenario will erode the value of their portfolios.
Preferred Scenario - USD recovers and bounces above support, EM markets enter temporary correction
Short when SGX:SGP1 closes below 399.65.
Play the drop towards 378.00 for corrective wave A.
RSI also currently finding support and testing neutral level at 50%
