VUTY Daily - Break confirmedWe have been eyeing the bullish inverse head and shoulders that has been developing and we finally got our break today... onwards and upwards
SIPP
VUTY Daily - Should explode higher when eventually breaksBeen waiting ages for a break on this ETF... its just looking more and more bullish. I think we can see an explosion higher when 19.15 eventually breaks targeting 19.80. Been building a position while it has been consolidating
VDJP Daily - Good RR to accumulate I've been liking this ETF for a while - weekly set up very bullish with inverse h&s and bull flag. The move higher was initially very aggressive and I used it as an opportunity to take some profits. This pull back to the trend line is exactly what I have been waiting (&hoping for). Will use as an opportunity to keep averaging in
VAPX Weekly - Building up for larger move?It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be confirmed with a break above 23.50. I continue to hold
$QURE - GENE THERAPY I$ THE FUTURE!Hello and welcome to another breakdown of a hot stockpick i've come across with the ticker symbol $QURE. Enjoy and please remember to share!
*this is not investment advice, invest at your own risk*
VGER Daily - Nice accumulation area Double support (Megaphone backtest & upward sloping) + bullish RSI divergence
VAPX Daily - Successful break and re-testI identified the similar bull flag pattern on VHYL and VGER and I started buying in around 22 (red zone) in anticipation that VAPX would follow suit. So far so good and we have got our confirmed break and re-test. I will use this confirmation to add to my position further - targeting 24.18
VGER Daily - Testing bull flag break The ETF has come back to test its bull flag break as I had hoped. I will use this pullback to add to my current position.
VGER Daily - Target reached Full target reached, and RSI into overbought territory. Been a good run and happy to take profit here on majority of my position
VGER Daily - Bull flag confirmed Red buying zone has proved successful so far. Happy with my current holdings, and will look to buy more if we get a successful pullback and re-test
VUKE Daily - Dips back into green accumulation zoneAfter taking some profits at the red resistance zone a couple of weeks ago, I will use the current pullback to green zone to starting accumulating again into my ISAs and SIPPs. I would really like to see this ETF touch the 32 region over time.
VUKE Daily - Breaking higher but testing NB lateral resistanceI started scaling back in and increasing my weighting around 29 (green box) in the hope we would get the break higher we seeing now. Yesterday we saw the VHYL ETF be the first to break higher and VUKE appears to be following suit. Red lateral resistance is quite significant and I wouldn't be too surprised to see the ETF pause a bit at this level, consolidate, before powering higher. I have been adding and trimming continuously to this position (see comments on prior chart). I am happy to take profit on 25% of my holding here (given the resistance), and will look to re-add
VEMT Weekly - Lovely candle developing, confirmation on FridayBeautiful weekly candle developing on Vanguard's emerging market bond index off oversold levels. I have slowly been adding to my ISA & SIPP portfolios in anticipation. Great divi yield >4% and diversification.
VAPX Daily - Next to follow VHYL and VGER?I think so - been buying in anticipation. Nice diversification and RR for ISA and SIPP portfolios
VHYL Daily - Beautiful break higherA number of Vanguard's equity ETFs have formed the same pattern - this is the first one I've seen that has confirmed the break to the upside and I have been buying slowly into them in anticipation of a break (VUKE, VGER, VAPX). I already hold some of these, but would love to buy more on a pullback. Also NB to note is March = quarterly dividends.
VDJP Daily - Time to start averaging back inOne of my favourite ETFs and I am keen to start getting back to full weight.
Technical points:
- Hidden bullish RSI
- Gapped down and extended from 20SMA
- Upward sloping support
May drop further to 25 to re-test massive inverse H&S break - will be a further opportunity to buy more
VUKE Daily - VERY slowly averaging back inThis morning we got the gap close we have been waiting for. Using this as an opportunity to slowly start averaging back in (ISA & SIPP portfolios) as I am very underweight (current 21% vs. circ 70% total equities target). Suspect/hoping we still get better levels, but happy to start ticking away here after going underweight early last week.
S&P 500 Back Above $3,000 After Coronavirus Scare!The coronavirus infected the markets last week, amid fears of a potential worldwide major
outbreak and the possible effect that may have on the economy.
In one week, price fell by over 10% which is a sharp decline in such a short space of time.
The fall was only saved by a strong previous level of resistance turned support,
formed from the high of 17th February 2018 at $2,940.
Price has made a sharp reversal to the upside so far this week, also trading above the
$3,000 round number.
Price has some way to go before it can reach the current all-time high of $3,393 set 2 weeks ago,
but price may head back up with a similar speed at which it declined.
Going forward we want to see price remain above the $3,000 round number and we want to see
higher highs and higher lows forming on the daily timeframe. This will indicate that the buyers
are in control but a break and close above $3,393 will confirm a continuation of the uptrend.
We still need to stand aside until the market confirms the bullish trend is back in play.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Whitbread - Premier level to get inn? (Sorry!)Buy Whitbread (WTB.L)
Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. The Company is organized into a single business segment, Premier Inn. Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally.
Market Cap: £6.38Billion
Whitbread moved sharply higher on the result of the election before Christmas as the price gapped higher. The shares have corrected lower in recent days to close the gap at 4654p and fresh buyers emerged. The shares are now breaking higher from a flag/pennant pattern on the daily chart, which suggests a continuation higher will be seen in the short term. The formation has a measured move target at 5940p, which is roughly 24% above the current price.
Stop: 4550p
Target 1: 5100p
Target 2: 5940p
Target 3: 6680p
Travis Perkins - Supplying profits and building accounts?Buy Travis Perkins (TPK.L)
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer.
Market Cap: £4.07Billion
Travis Perkins has completed an inverse head and shoulders bottom pattern on the weekly chart as prices advanced above 1495p. The shares gapped higher on the outcome of the general election in the UK, rising sharply towards 1841p. The shares have consolidated in recent weeks to close the gap created at 1544.5p and we have now seen a break higher from a wedge pattern. This suggests there will be a continuation higher in price over the coming days and weeks.
Stop: 1495p
Target 1: 1830p
Target 2: 2000p
Target 3: 2330p
Morgan Advanced Materials (MGAM) - Continue higher expected.Buy Morgan Advanced Materials (MGAM.L)
Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company's segments include North America, Europe and Asia/Rest of World.
Market Cap: £889.21 Million
Morgan Advanced Materials broke out of a bottom pattern back in November 2019 above 283p and the price went on to reach 339p very quickly. We have seen some evidence of the price begin to consolidate within a flag/pennant pattern. The shares appear to be on the verge of completing the pattern, which should lead to a continuation higher over the short to medium term. The ultimate target is at 424p, which is roughly 35% higher than the current price.
Stop: 292p
Target 1: 365p
Target 2: 400p
Target 3: 424p
Ibstock - Building momentum brick by brick.Buy Ibstock (IBST.L)
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company's segments are the UK and the US. The Company's principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
Market Cap: £1.01Billion
Ibstock shares are trading in a short-term uptrend, which topped out around 265p. The break of resistance at 239p was met with fresh buying interest before profit taking set in. The corrective move lower in recent days has seen the shares retest the breakout level at 239p. A bullish flag/pennant pattern has also formed, which suggests higher price will be seen in the short term. The first target is the resistance at 266p, with the ultimate target up at 305p.
Stop: 235p
Target 1: 266p
Target 2: 275p
Target 3: 305p
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Convatec - Chronically undervalued?Buy Convatec (CTEC.L)
ConvaTec Group PLC is a United Kingdom-based medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions.
Market Cap: £3.79Billion
The recovery over the medium term continues as the shares trade in a sequence of higher highs and higher lows. The recent corrective move back to the trend line has attracted some buying interest. The formation and break of a small wedge is also an encouraging sign that we can expect a continuation. There is an unfilled gap at 223p to target on the upside.
Stop: 181.6p
Target 1: 211p
Target 2: 222p
Target 3: 240p
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