Get started

Shares

FTSE 100 CashThis 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 despite this the daily chart is showing signs of exhaustion (which means we may see a retracement). In terms of fundamentals today we saw a court ruling that MP's will have a say on invoking article 50 before it is triggered which was bullish for GBP but bearish for large caps like GSK and mining names, this is due to their profits being denominated in USD. Importers like Dixons Charphone and companies that need a stong GBP i.e. Ryanair this was positive but these companies make up much less of the FTSE100. R2 7098 R1 6940 Current 6809 S1 6780 S2 6704 S3 Downward internal trendline starting 15th Aug
TVC:UKX
by RajDhall
Schroders (SDR)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 (last week). However, the daily chart contradicts this with a hammer candle rejection of the 2754 lows. R3 2876.80 R2 2850.00 R1 2800.00 Current 2722.00 S1 Upward trendline starting from June 6 low. S2 2722.00 S3 2651.00 S4 2620.13
LSE:SDR
by RajDhall
Morrison (MRW LN)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 downtrend line R1 223.56 Current 221.41 S1 216.98 S2 214.87 In terms of Value Areas we have extended above the mean area on the daily chart and would need another distribution if results are outstanding. If results are worse than expected we could see prices trade back into mean value at around 200.00
M
by RajDhall
Morrison (MRW LN)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 downtrend line R1 223.56 Current 221.41 S1 216.98 S2 214.87 In terms of Value Areas we have extended above the mean area on the daily chart and would need another distribution if results are outstanding. If results are worse than expected we could see prices trade back into mean value at around 200.00
M
by RajDhall
LONG POSITION ON SANTANDER S.A. - D1FOR THOSE WHO DO NOT KNOW SANTANDER S.A. IS ONE OF THE MOST IMPORTANT BANKS IN SPAIN. THE STOCK VALUE HAS BEEN DECREASING SINCE MAY 2015 WHEN THE PRICE WAS WORTH 6.80 € A SHARE. NOW SANTADER IS 3.87 € A SHARE AFTER 1 YEAR AND 3 MONTHS APROX. THIS FALL HAS STOPPED NOW. FIRST SIGN OF CHANGE OF DIRECTION WAS THE TRIPLE GROUND SUPPORT LEVEL BELOW. THE MARKET CHANGED DIRECTION AND IT HAS BEEN FORMING A SOLID TRIANGLE PATTERN WHICH HAS BEEN FINALLY BROKEN. I HAVE PUT A BUY LIMIT ORDER AS YOU CAN SEE LOOKING FOR THE RETESTING OF THE TRIANGLE. IF IT HAPPENS WE COULD MANAGE TO DO A VERY NICE ENTRY TOWARDS TO FURTHER RESISTANCE LEVELS FROM THE PAST YEAR AND 3 MONTHS AND LOOK FOR MANY BENEFITS! TELL ME WHAT YOU THINK ON THIS!! CARLOS
BME:SANLong
by ccerezo11
4
$REN Short $REN I will be looking to short depending on Price action at the open. The stock is a previous runner where it managed to almost get to 9.00. However, following four days of solid volume with massive gains, the chart looks over extended and had fading volume. I will look to enter on the open or possibly into the late afternoon to hold over the weekend depending on P.A. and level 2 data. I am remaining conservative with my risk and will probably trade no more than 1000 shares with a risk of around 10 cents per share. If it drops of a cliffs edge then there is a potential 60% return. Happy trading.
RShort
by barry_fxtrader
Standard Chartered – Bullish break lacks supp of strong volumes Standard Chartered shares are flirting with inverse head and shoulder neckline and appear poised to close the day higher. That would be confirm a bullish break and present a technical target of 831. However, as of now, that appears a big task given the banking concerns in Europe. Nevertheless, a bullish break on day end closing basis would open doors for 659.50 (Sep 15, 2015 low). But bulls need to observe caution as we have a negative volume divergence i.e. volumes are sliding, hence the breakout could turn into a ‘fakeout’.
LSE:STAN
by TipTVFinance