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UK100/FTSE: Two Corrections Complete, Time for Upward Wave!After enduring two corrections, the UK100/FTSE index appears poised for a significant upward wave, potentially leading to a new all-time high. Market analysts anticipate a resurgence in bullish momentum as previous downward corrections conclude. With these setbacks behind it, the index is primed for renewed optimism and potential record-breaking performance. Investors are closely monitoring for signs of this anticipated upward surge, ready to capitalize on emerging opportunities in the UK stock market.
FX:UK100Long
by Kara_trade
The worst is over for Barclays Bank?One of the Uk's 'big four' banks, Barclays bank is looking to make a comeback after being in a corrective phase(or downtrend) for more than a year and a half. The stock made an impulsive up move from the march 2020 bottom and the same went on till Jan 2022.Since then however the stock entered the 'wave 2' correction and has remained in it for more a year and a half. At the most recent Oct 2023 low however, the corrective wave counts for the stock seem to have come an end and it should be expected to now start a fresh 'wave 3'. The stock held its 61.8% retracement on three different occasions and managed to reverse from it almost immediately every time it visited it. On the way up the stock faces its first hurdle from the falling trendline at 155 and then at previous 'x' wave top at 166.44 respectively. On the downside the low of 128.12 is crucial for the stock. The stock is expected to gain momentum upon closing above the falling trendline. It should also be noted that Barclays is a significant component of the FTSE 100. The 'wave 3' projection is expected to take the stock from current levels to around 250-260 mark. Note*- This chart is for educational purpose only.
LSE:BARCLong
by neeraj_2_sharma
FTSE100 Double Buy short-term and long-term break-out.The FTSE 100 Index (UK100) has broken below its 1D MA50 (blue trend-line) and is approaching the 1D MA200 (orange trend-line), which is the first short-term Support. The medium-term is the 1W MA100 (red trend-line) and those two are our buy entries for a 7800 Target. This is just under the Lower Highs trend-line from the All Time High (February 16 2023). The 1D RSI is close to the 30.00 oversold barrier and past price action in March 2023 and October 2022 shows that the 2nd break below it, is a Buy Signal. The pattern overall with the Lower Lows in Support and inner Lower Highs, resembles that of December 2021 - May 2022 (so far). As a result, we are only willing to take a long-term buy, if a 1D candle closes above the inner Lower Highs trend-line. In this case we will target 8200. The potential extension towards the end of the year can even be as high as the 1.382 Fibonacci extension (8350) which was where the February 16 2023 High was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
5
Jet2 Chart LSE 1D LSE:JET2 chart looking ok for swing trades, support and resistance lines drawn. apply stop losses to your trades, good risk management. jet 2 is great long term stock to hold, but if your want to trade it, they're is plenty opportunities to make money, with good trade setups. long at 865.5, stop loss at 846.4 ,take profit at 998.6 Previous Close 882.40 Open 895.80 Bid 880.20 x N/A Ask 883.80 x N/A Day's Range 874.60 - 910.00 52 Week Range 739.55 - 1,434.19 Volume 101,634 Avg. Volume 663,853 Jet2 has a market capitalization of UK£1.96b, March 2022, Jet2 had UK £991.7m of debt, up from UK £756.2m a year ago. balance sheet data, we can see that Jet2 had liabilities of UK£1.68b due within 12 months and liabilities of UK£1.42b due beyond that. On the other hand, it had cash of UK£2.23b and UK£185.8m worth of receivables due within a year. So it has liabilities totalling UK£682.6m more than its cash and near-term receivables, combined.
LSE:JET2Long
by TechnicallyBullish
easySell? No signs of the downtrend coming to an end.EasyJet - Intraday - We look to Sell at 401.2 (stop at 434) The medium term bias remains bearish. Broken out of the channel formation to the downside. An overnight negative theme in Equities has led to a lower open this morning. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Our profit targets will be 275 and 250 Resistance: 401 / 429.9 / 448.6 Support: 368.4 / 338 / 300 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.
LSE:EZJShort
by Saxo
Ferguson: Uptrend to resume?⏫VALUE BUY - Ferguson Plc - FERG 🔢Technicals ▪️Stock: Bearish ▪️Sector: Industrials - Bearish ▪️1 Month vs FTSE100: 3.91% ▪️3 Month vs FTSE100: -1.67% 🔠Fundamentals 🔸Overall Rank: 12/276 🔸Value: 71/276 🔸Quality: 35/276 🔸Momentum: 109/276 🔸Growth: 9/276 🔸Profitability: 25/276 🔹Entry Zone: 9216.00p - 9576.82p 🔻Stop: 8455.00p ▪️Target1: 10934.00p ▪️Target2: 12023.00p ▪️Target3: 13112.00p BUY RATING: ⭐️⭐️⭐️⭐️
LSE:FERGLong
by Investamate
1
BP: Oil on a slippery slope?BP. (BP.) - Short Term - We look to Sell at 382.20 (stop at 404.10) A bearish Head and Shoulders is forming. An overnight negative theme in Equities has led to a lower open this morning. A break of 365.30 is needed to confirm follow through negative momentum. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 382.20, resulting in improved risk/reward. Expect trading to remain mixed and volatile. Our profit targets will be 289.00 and 263.30 Resistance: 408.30 / 419.35 / 456.00 Support: 365.30 / 338.05 / 323.70 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.
LSE:BP.Short
by Saxo
FTSE Down But At SupportLast week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break this level in July and September 2021, but they both failed. Price has hit this level this morning and appears to be holding for now. If there is strong buying at this point, it should be enough to push price back to the upside, but for now, we just need to stand aside and see which direction price heads next. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKX
by Sublime_Trading
UK/FTSE 100 SHORT ZONE LIVE AnalysisHere we have our FTSE 100 Full Analysis, After global tensions increasing and the UK Putting sanctions on Russia we have seen a fall in the price of the FTSE followed by a rise on Good company earnings and Oil company profits with rising prices due to the threat of supply. As we return to former highs and some strong resistance we can look to get short on the FTSE. We can progressively Trade this move down to some comfortable support for an full exit before turning long. The current price rejection zone is being hit by impulsive upmoves. Use Arrows/Eclipse symbols as a guide.
OANDA:UK100GBPShort
by WillSebastian
3
FTSE 100 Approaching All-Time HighThe FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone. December was up 4.62%, so there is clear momentum right now. This brings a nice change from the sideways movement we had between May - October 2021. Following the all-time high created on May 2018 at 7903, price declined, gaining momentum during the peak covid pandemic in February and March 2020. A low was formed at 4898, with an overall decline of 37%. Since then price has climbed 54%, with over 300 points to go before it reaches the all-time high. We can expect to see a good number of stocks showing signs of bullishness now that the FTSE is looking strong again and these stocks will be presented in our weekly newsletter. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKXLong
by Sublime_Trading
FTSE rebound from the hit.Don't forget to click on the follow button for more daily detailed analysis. Also if you have any questions please do ask them! We were previously looking short on the FTSE and our targets were hit. We are now looking long as we fall to comfortable support. The FTSE was knocked by sentiment around the current covid news and it's affect on the UK economy from a demand shut down. Long entry comes as TECHs line up. RM will be in focus as sentiment changes. This means keeping an eye accurately on risk and adding. Directional arrow notes price movement.
ULong
by WillSebastian
CINE - Cineworld due for a bounce from these levelsI've been accumulating this stock since the 60s slowly and now I believe it's at the point where it is due for a good bounce. It has just broken SMA100 level which was acting as resistance previously. Currently, SP is trading above SMA 10, SMA20 , SMA50 and SMA100 MACD indicator going positive Money flow going green too. Also, momentum has gone above 10 All these indicators are extremely bullish and overall it's breaking out of a falling wedge pattern. From a Financial perspective - Cine World had 698million profits which dropped to -529million GBP in 2020 pandemic levels. I am anticipating a good recovery towards the Christmas run-up as there is a backlog of many movies which were not released during the pandemic which should help reduce financial losses of 2020 as economic activity opens up and people start going to cinemas more. The support level which needs to be held is SMA100 which was previously acting as resistance @ 75.20 The next resistance which was rejected today is @ 80.49
CLong
by Jontripathi
NCC set for a rebound?LSE:NCC Is the sell off here warranted? I am not so sure as there are 2 diverging activities here. Initially from the 13th of September, the fall was looking justified with increasing volume on any new lower candles. Yet this last candle has produced one of the highest volume days yet, trading within a smaller range than previously. So I am now seeing increasing volume, on shorter bodied selling candles, telling me buyers are absorbing all the sell orders the market can throw at it. Looks like a change in sentiment and this will go on my buy list for Monday.
LSE:NCCLong
by srmatthews888
FTSE 100 1-day classic patternsWhat has the highest probability of occurring? Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions. There are two classic patterns forming within these rotations. The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as a partial decline having tested the 50% fib retracement. This projects a target of 7700. There is also a triple top that would need to test 6800 support again to become valid. Further a breakout from the triple top projects a target of 6350, the low of the year. This would fulfil the tape chatter of "a healthy 10% correction". N.B. these patterns are forming over a 4-month period. It is probable that the eventual outcome will be a powerful move. Objectively the triple top is not confirmed until a test of 6800 has occurred. So the bias is long in the framework of the broadening top. Given the partial decline it is probable that market participants are already getting long. The long trade is invalidated once price touches the lower trend, validating the triple top. Using 6800 as a stop loss from current levels yields 2R to 7700. If this is too large a stop classic patterns on a lower timeframe should be employed to fine tune stop placement.
OANDA:UK100GBPLong
by xciiitradingco
FTSE 100 ExpirationQ: What has the highest probability of occurring? There is a lot of volume being traded but the market is moving sideways. The expiration date on the 3rd Friday of the 3rd quarter is approaching. Traders are rolling forward their contracts from September to December. It makes for quite difficult trading of classic patterns. A rise in false breakouts. Consider where the future price is relative to the spot price of the instrument being traded. Is it higher or lower? Since futures contracts expire at the spot price that mean the futures price is more likely to move down or up to the spot price. Since algo's trade the arbitrage here there is not a great spread between the two prices although it would make sense to trade in the direction of the spot price. As expiration nears the distribution in the spread is more likely to be normal. This suggests the market is more inclined to mean revert. Think Bollinger Bands and rotations between the standard deviations. Its not clear cut, there are losers and winners B for Buy and S for Sell. Higher timeframe Bollinger Bands also play a role in where price stops. The logic behind this is that traders need prices to stabilise so they can execute like for like between the expiring contract and future contract.
OANDA:UK100GBP
by xciiitradingco