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GBPUSD - Daily chartGBPUSD is fast approaching a very strong resistance level at 1.317, which is where I want to look to enter short on this pair. This could also be the 3rd contact made on a forming trendline from the high in 2014. My first target is 1.28 and I would wait to see a break below the ascending dotted line to confirm a further drop. Fundamentals are playing a large role in all GBP pairs recently. So please be cautious and only take trades like this if you have already surpassed your weekly/monthly target gains.
Short
by Renforex
16
Ferguson - Turning up the heatBuy Ferguson (FERG.L) Ferguson PLC is a distributor of plumbing and heating products. The Company operates through seven business units: Blended Branches, Waterworks standalone, HVAC standalone, Industrial standalone, Fire and Fabrication, Facilities Supply standalone and B2C e-commerce. Market Cap: £15.35Billion Ferguson is trading in a bullish long term channel. The shares are trading just below all time high and there is no sign of the momentum slowing. The small corrective move lower in recent days has attracted buying interest and a move to new highs is expected. Stop: 6545p Target 1: 7200p Target 2: 7600p Target 3: 8000p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:FERGLong
by Investamate
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 Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:CTECLong
by Investamate
Barclays - Heading higherBuy Barclays (BARC.L) Barclays PLC is a global financial service holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. Market Cap: £29.60Billion Barclays appears to have completed an inverse head and shoulders bottom pattern back on the 11th of October 2019. The shares continue to hold up well as a Conservative win at the upcoming election remains the most likely outcome. the medium-term target is up at 200p. Stop: 163.65p Target 1: 181p Target 2: 193p Target 3: 200p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BARCLong
by Investamate
FTSE 100 - Selling ralliesTrade Idea Broken out of the channel formation to the downside. Continued downward momentum from 7404 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7310, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look to Sell at 7310 Stop: 7355 Target 1; 7095 Target 2: 7005
FX:UK100Short
by Signal_Centre
SSE - Electrifying potential gainsBuy SSE (SSE.L) SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. Market Cap: £13.35Billion SSE broke above resistance on a move above 1237p back in October. The shares have since corrected to retest the new support and now appear to be attracting fresh buying interest. The close above the 10EMA and the completion of a bullish flag suggests that more upside is likely in the short term. Stop: 1223p Target 1: 1330p Target 2: 1477p Target 3: 1625p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:SSELong
by Investamate
Bellway - Building momentumBuy Bellway (BWY.L) Bellway plc is a major UK residential property developer based in Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Market Cap: £3.9Billion The medium-term trend is bullish on Bellway. The shares have corrected lower in recent weeks and appears to have found some support at 3125p. There was strong move higher in yesterday’s session and further upside towards resistance at 3710p is expected in the short term. Stop: 3078p Target 1: 3600p Target 2: 3710p Target 3: 3800p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BWYLong
by Investamate
WH Smiths - Travelling towards 2600p?Buy WH Smiths (SMWH.L) WH Smith PLC is a United Kingdom-based retailer in convenience, books and news for travelling customers. The Company is a high street stationer, bookseller and newsagent. The Company operates through two segments: High Street and Travel. The Company's Travel business sells its products to cater for people on the move or in need of a convenience offer. Market Cap: £895Million WH Smith's share price appears to have completed a triple bottom on the move above resistance at 2164p. In recent days the shares have corrected lower to find support at the neckline of the pattern. The projected upside target is at 2436p and beyond that 2604p. The momentum continues to be positive following upbeat results posted on the 17th of October. Higher prices are expected. Stop: 2130p Target 1: 2324p Target 2: 2436p Target 3: 2600p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:SMWHLong
by Investamate
Elementis - A break above 167.9p and it will be in its element.Buy Elementis (ELM.L) Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through two segments: Specialty Products and Chromium. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. Market Cap: £895Million The bearish momentum in Elementis appears to have slowed in recent weeks. It’s an early call, but I think a bottom pattern could be about to complete. The shares posted an impressive turnaround from the lows in yesterday's session to form a large hammer candle. A break of resistance at 167.9p should get things going on the upside. The medium-term target is up at 209p. Stop: 139.6p Target 1: 175p Target 2: 198p Target 3: 209p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:ELMLong
by Investamate
2
Just Group - Just about to explode?Buy Just Group (JUST.L) Just Group plc, formerly JRP Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments. Market Cap: £660.9Million Just Group has been in the process of forming a bottom pattern for the past couple of months. The break above resistance at 57.50p confirms the pattern and projects an upside move to 79.30p over the short to medium term. There is also an unfilled gap at 96.50p, which formed when the company posted disappointing results. I like the prospects of recovery from here. Stop: 54p Target 1: 72.75p Target 2: 79.30p Target 3: 96.50p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:JUSTLong
by Investamate
Reabold Resources - Price about to head upstreamBuy Reabold Resources (RBD.L) Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island. Market Cap: £60.5Million Reabold shares have corrected lower in recent weeks and support seems to have been found close to an unfilled gap at 0.846p. Volumes have picked up in recent sessions and the shares are breaking above downtrend resistance. Looks like it could be an interesting play from here. Stop: 0.75p Target: 1.0p Target 2: 1.25p Target 3: 2.0p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now - t.me
LSE:RBDLong
by Investamate
Balfour Beatty - Share price about to crumble?Sell Balfour Beatty (BBY.L) Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation. Market Cap: £1.57Billion Balfour Beatty is trading in a long-term downtrend on the chart and is currently at the upper end of a bearish triangle pattern. The price action has been slightly bullish in recent weeks as the shares gapped higher in August on results. Crest Nicholson today posted a profit warning and expect profits to dip over the next 2 years. That could be a warning shot to all construction companies in the UK. We would prefer to reduce exposure to anything construction related at present and look at speculative short positions. Stop: 242p Target 1: 202.4p Target 2: 184.6p Target 3: 168.2p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BBYShort
by Investamate
easyJet - Ready to take off again?Buy EasyJet (EZJ.L) easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts. Market Cap: £4.77Billion Having completed a large inverse head and shoulders bottom in the middle of September the shares have been on a great run. The recent spike to highs of 1330p was met with some profit-taking. The correction lower has been quite shallow, and the price now appears to have broken higher from a pennant pattern. This is considered a continuation pattern and therefore the expectation is for further upside in the short to medium term. Stop: 1171p Target 1: 1383p Target 2: 1505p Target 3: 1600p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:EZJLong
by Investamate
United Utilities - Something in the water?Buy United Utilities (UU.L) United Utilities Group plc, the United Kingdom's largest listed water company, was founded in 1995 as a result of the merger of North West Water and NORWEB. The group manages the regulated water and wastewater network in North West England, which includes Cumbria, Cheshire, Greater Manchester, Lancashire and Merseyside, which have a combined population of nearly seven million. Market Cap: £5.8Billion United Utilities has broken out of a bearish channel with an impulsive move higher. The correction lower in recent days has been limited and buyers appear to be emerging once again. A flag formation may be taking shape which would suggest a continuation higher over the short term. The ultimate target is for a move to 1065p, which is a previous high dating back to May 2017. It’s also a nice one for income investors with a dividend yield of 4.74%. Stop: 816p Target 1: 940p Target 2: 1000p Target 3: 1065p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:UU.Long
by Investamate