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Lloyds Bank: Buying the DipLloyds Bank - Short Term - We look to Buy at 50.06 (stop at 48.36) Preferred trade is to buy on dips. Previous resistance, now becomes support at 50.00. 50 1day EMA is at 49.80. The 50% Fibonacci retracement is located at 50.18 from 44.36 to 56.00. This move is expected to continue and we look to set longs at good risk/reward levels. Our profit targets will be 55.99 and 57.95 Resistance: 56.00 / 60.00 / 65.00 Support: 50.00 / 47.50 / 45.00 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:LLOYLong
by Saxo
GSK Glaxo Smith Kline - Multi Year Lows, A Bargain To Be Bought?GSK is trading around the multi year lows having bounced off of the long term support zone at 1300. I think this is a relative bargain at these levels with GSK being one of the Big Pharma Companies that is still trading way below the starting price for the year. Pfizer, Johnson & Johnson and Roche are all either positive or around net zero YTD. Novartis is trading slightly lower and so is Merck and Co but not to the extent of GSK making it a bargain in the big Pharma world. Dividend Yield is current around 5.3% which is high enough to warrant it being a good income stock even if the share price was to remain flat for the next 5 years. Upside targets are at 1720 which is the next major price resistance zone and and 1850 which is the 18 year highs (formed in 2019). There is a chance that price could fall back down to 1300 or even the multi year lows at 1235 which would make for a real bargain. But even at the current price of 1378.00 I think over the next 5 years this is a good stock to hold.
LSE:GSKLong
by DOAFK
Tesco to Go Higher? Tesco - Short Term - We look to Buy at 284.00 (stop at 275.00) Preferred trade is to buy on dips. 50 1day EMA is at 282.00. The bias is still for higher levels and we look for any dips to be limited. Daily signals are bullish. Dip buying offers good risk/reward. Our profit targets will be 308.00 and 320.00 Resistance: 300.00 / 310.00 / 320.00 Support: 280.00 / 275.00 / 270.00 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:TSCOLong
by Saxo
ARB , Argo Blockchain , Lse , Update Hi all I hope you had a great Christmas with your family and here we are back to the charts! =) I'd like to share my opinion on Argo and give an update to my ideas. I used here a 4h chart (you can use the weekly and monthly one too) just because I noticed that the share price went down to 70 on the 29th of July and up to 202 on the 22nd of September and with bigger timeframe we cannot see it and this episodes gave me the idea of today. For more than 6 months the share price has been exchanged between the range (110-150) as per the fixed range volume profile that shows where has been exchanged most. ( as per the yellow triangle) For this reason I think that the price will definitely come back to the yellow area once find out where is the possible bottom. It seems that the price is attracted now to the previous support area at 60-75. I'd wait to open a long position for a swing trade now just because the Cryptomarket and the Stockmarket are both experiencing an uncertain period and I'd wait for confirmations . If you are IN for long term it's great for some accumulation to average the price down a bit. ( for those that are interested on updates and looking on what Argo is doing , on YouTube Argo Ceo regularly updates videos where He talks about the company and the period in general and answers to questions made by Investors , super interesting check it out) As per chart to figure out some targets prices I used the Trend-based Fibonacci extension. Let me know what you think ! Comment are always Welcome. Cheers.
LSE:ARBLong
by Casciouz
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