CPG long It has been a while since I posted one of my plans for the week ahead and I've missed the process, this week I would like to share my Compass Group (CPG) set up which I think is a great long. Compass posted strong half year earnings on the 15th of May which was well received by the market sending the stock up to an area that has played a role as resistance in the past, 1820. The price tested this area in April of this year and was unable to break through since then we have seen the stock go through some weakness to bounce back to then level on the strong earnings report. Last week's candle saw the formation of a doji where the market is making it's mind up about the 1820 where we will either fall away or break through and see new all time highs which is always a good time to trade a stock as it will be on a lot of peoples watch lists. The moving averages I use mainly 200/50 SMA and 7 EMA are all leaning upwards supporting the idea that the stock is in an uptrend and buyers should have control.
The plan for this one is to, set a stop order at 1821 as we haven't seen a full break yet so the level still holds good meaning we can get a tight entry to it without there being too much overhead resistance. I have my stop loss set at 1789 which clears most of the lows from last week easily giving the stock enough room should it fail to break out at the open but still tight enough to get a 1% account loss set which is vital for risk management. My target for this set up is a 5/1 RR giving me 1986 however, I will trim the potion by at third at the whole numbers of 1850 and 1900 making the psychological burden of holding a bit easier. I hope you have enjoyed this analysis and if there is anything you see differently feel free to comment. Thank you!
Joe
LSE:CPG
Ukstocks
FTSE 100: Approaching a short term support. Potential bounce.FTSE 100 is close to complete the -5.30% decline after being rejected on the Lower High of the 1W Channel Down (RSI = 49.506, Highs/Lows = 0.0000). The Golden Cross (MA50 over MA200) on 1D was the signal both on the Lower High and the one on the late May 2018 All Time High. 1D is fully bearish (RSI = 33.998, MACD = -8.850, Highs/Lows = -159.7305) even oversold on the stochastic trade action, meaning that a relief rally should follow. With MA200 supporting we are targeting 7,400.
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[SLA] ABC STRUCTURE IN PLAY.......buy on the dip!!
COMPANY PROFILE
Standard Life Aberdeen plc, formerly Standard Life plc, is a United Kingdom-based global investment company. The Company operates through four segments, which include Aberdeen Standard Investments, Pensions and Savings, India and China, and Other. The Aberdeen Standard Investments segment provides a range of investment products for individuals and institutional customers through various investment vehicles. The Pensions and Savings provide a range of long-term savings and investment products to individual and corporate customers in the United Kingdom, Germany, Austria and Ireland. The businesses included in India and China offer a range of insurance and savings products and comprise its life insurance associate in India, its life insurance joint venture in China, and operations in Hong Kong. Its Other segment primarily includes the corporate center and related activities.
Sector: Financials
Industry: Investment Management & Fund Operators
Employees: 7768
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KOSMOS ENERGY LTD ( KOS ) analysis about risingNYSE : Kosmos Energy Ltd - KOS analysis about rising
KOS H4 chart
Indicators and oscillators positive
Positive volume
Price movements on the top band
In this case, the continuation of the rise can be expected
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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You can see the overall status in the following monthly chart
Fairfx is on the RiseFairfx Group Recently broke its previous all-time high which was at £0.88.
After a major area is broken we can expect price to retest that level before advancing which has happened with this stock.
The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the
psychological round number £1.00.
This is not to say that price can not break through £1.00 but right now the buyers appear exhausted.
There may be another attempt at breaking through this level so we just need to wait patiently in case this happens.
The Monthly, Weekly and Daily timeframes all suggest bullish behaviour so just waiting for the right time to enter is important.
We do not want to enter too early, so once price clears the £1.00 round number there will be opportunities to trade this stock.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
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KAZ Minerals Firmly Range BoundKAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop.
We were stopped out of all our long positions in the pullback from earlier this year. Since then, price has remained in consolidation and is now on its way to entering its 7 month of a being a range-bound market.
Market conditions now dictate that we stand aside from this stock whilst the bulls and the bears battle it out for supremacy and determine a trend direction. There is no edge in range bound markets but many are often lured in to trade in the belief that trading areas of consolidation is easy. Simply go long off support and short off resistance. If only it were that easy. Periods of consolidations are notoriously difficult to trade as they are made up of multiple levels of support and resistance which can cause whipsaw moves in the market that can take traders out and cause premature losses.
Trading is definitely not easy. It certainly is not as difficult as many end up making their trading but anyone who thinks it is easy will soon have their ego put in check. There will be the odd person who slips through the net and gets away with over-leveraging trade after trade in what just so happens to be prime conditions. Most will not be so lucky.
The correct expression is "trading is simple, not easy. " The best and most profitable techniques are the simple ones but growing trading accounts is not as easy as many think. One of those techniques is simply understanding that growth is made during periods of trend and protection of money is done during periods of consolidation. It is a time-tested formula used by the best for decades now.
With KAZ Minerals, we are now waiting for a breakout. As the trend was bullish prior to this current lengthy period of consolidation, our bias is with a breakout to the upside. Ultimately, it does not matter as we as traders have the ability to make money in both directions.
It is down to the forces of the market to dictate a breakout, wait for optimal environments in either direction and we then react accordingly.
For now, there are far better opportunities presenting themselves in FX such as on the USDJPY . It seems like, finally, FX is where the money is.
Sublime Trading
GVC looking for a bounce (not yet)News - #GVC GVC Holdings PLC, the multinational sports betting and gaming group, is pleased to announce that it has agreed to initially acquire 51% of the equity capital of Mars LLC
Analysis - Market discounting some sector consolidation and regulation - Im looking for price to bounce once we get through some of the noise - there is also a good fib S/R confluence to watch out for marked on the chart.
Trinity Mirror mat have based out #TNINews this morning
Group revenue fell by 12.6% to £623.2 million. On a like for like (2) basis revenue fell by 8.8% impacted by the weak print trading environment. Strong management of the cost base enabled adjusted operating margin to increase by 0.7 percentage points to 20.0% delivering an adjusted operating profit of £124.7 million. Statutory operating profit increased by 4.7% to £97.9 million.
Analysis - Although the news was not the best, it beat some analyst expectations. I think the market reaction shows we may have been expecting worse. longer term looks fo the 85p to provide some resistance - if the breaks it could be confirmation of a move higher.
Is the UK about to have a BEAR MARKET???Looking at the FTSE_100 TVC:UKX lets first take a look at the facts.
Price is below the daily 200 moving average
Price has used a previous support level as resistance
A break and close below the next support level will confirm a lower high (which is a sign of a downtrend)
These 3 facts do not give us confidence that we are still in an uptrend but it is still too early to call a bear market.
The reason it is too early is because price is still above the weekly chart 200 moving average but do remember that the weekly
chart will lag behind due to the fact that it is a larger timeframe.
The reason for highlighting a possible bear market is so that we can position ourselves to be ready should such an event take place.
As trend traders we want to be ready for all market conditions whether it be a bull market, bear market or a consolidating market.
Right now let's see how the next few days end in the markets and decide on the next move.
Just looking at individual UK stocks there are not many breakouts which reflects on what the FTSE_100 is doing.
We will take a loot at the FTSE_100 in the coming days to review our position in the markets.
Any questions or comments,
do not hesitate to leave them below.
Sublime Trading
London Stock Exchange post resultsLondon Stock Exchange plc reports FY17 Adj Op £812M vs exp £828M, Rev £1.77B vs exp £1.93B
- Organic Rev 10% y/y
- Capital makrets Rev £391M, +6% y/y
- Dividend 19% increase to 51.6p/shr
Could be a test of the recent value are look out for support levels as there has been a miss on expectations
*Long* Bullish Breakout is in the card. *The falling wedge is done. (Bullish Trend Continuation) *
* Validated with 38.2 Fibo Retracement.*
*Unusual heavy volume starts to kicked in.*
*Breakout is unfolding and 12.00 level would be a good take profit level.*
Berendsen FunnelBRSN:LSE appears to be funneling down to a decision point soon. My preference is that the move down will continue to the 800 level before a bounce. the RSI in the weekly chart shows the potential for forming a double bottom which should move momentum back to the upside but this has not finished forming at present.
We remain cautious of further FTSE gainsFTSE continues to strengthen, with the bounce from the 6676.56 monthly low of 4 November posting new highs to pressure the 7340, (150%) projection of the October-November fall.
Continuation to the 7395.00 projection cannot be ruled out, but profit-taking risks are increasing at higher levels, as studies remain mature. In the coming weeks, profit-taking risks are highlighted, but downside tests should remain limited as background studies improve and investors maintain a buy-into-weakness strategy.
Support is raised to the 7210 break level, but a close below the 7130~ high of October 2016 is needed to add weight to prices and turn investors cautious. A further close below congestion around 7000, however, will open up the 6875.40 low of 12 December as investors subsequently move to a negative stance.
FTSE gains to prove progressively more difficult to maintainFTSE continues to strengthen, with the bounce from the 6676.56 monthly low of 4 November posting new highs above the psychological 7200 level at 7211.96.
Continuation to the 7236.25 projection is highlighted, but further gains are expected to prove progressively more difficult to maintain, as studies begin to mature. In the coming weeks, profit-taking risks are highlighted, but improving background studies should limit downside tests, as investors maintain a buy-into-weakness strategy.
Support is at congestion around 7000 with any break turning investors cautious once again as subsequent focus turns to the 6875.40 low of 12 December. Further slippage below 6800 will add further weight to sentiment as critical support at 6655/75 then comes into view.
London Stock Exchange analysis.Potential move up to complete the head and shoulders pattern. That could lead to a fall. At the same time, we could see price move back into value to the point of control, and even further. I do doubt we will see a large fall as the UK market has shaken off Brexit uncertainty extremely well. In this case, it is possible that 3000 could be seen.