Value area trend changea smaller value area turning into an up trend value area all within a bigger value area
III trade ideas
3I Group PLC (III - LSE) ABC zigzag pattern3I Group PLC (III - LSE) is moving down in ABC zigzag down. B wave has been completed in WXY correction, where X was in triangle. So the reversal move will be very faster in C wave down.
3I group (London) - Sell for C down3I group (London) is within triangle as B wave down & weaker stock compared to FTSE 100. Sell below 715 level only when breaking down the stock & keep stops above 755 for target below 530.
3i Group Will Require More "Energy" To Get Out Of Its Correction3I Group stock price requires more volume in order for its price to get out of the leading diagonal triangle. With average volume remain the same, for the next couple of weeks, we could see moving around the triangle.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
III Could be breaking shortLSE:III
So a disappointing earnings day on 14 november saw III gap down and not cover the gap. We now have a break below the cloud. Now...... It did this a couple of weeks ago too and at that time I took a short position and got stopped out as, as you can see from the chart it then rose and climbed back above a pretty thin cloud. I think what's different this time is that it has underperformed BUT what I want to see before I enter a trade is break down again from where it is currently sitting. If you look across to the left from where it's parked itself for the weekend, one could argue its still relatively rangebound. Lets see it confidently drop below before entering.
III (3i group) long
Following a weekend stroll through the UK stocks that I watch III came to my attention, the stock has a solid base after a move up and has been struggling to break 965 since July 2017. Around May 2018 the stock did have a huge burst through the level but wasn’t able to maintain it for very long until the support broke it became resistance again. Since then the stock has fallen from the level multiple times without a successful break, so far this year III has performed very well and that has brought it back to the 965 level where the price began to consolidate. This level obviously holds massive selling pressure, but like a blocked tap the pressure to break through is mounting. I feel as though this set up has massive potential and a break of 965 could see us go through a sustained move higher. The plan with this stock is to play for a break of 965 using the high of a previous attempt to break through as entry, when the price breaks through I will use the PLOD as a stop loss. I will buy the stock in 3 separate positions so that I can trim on the way up to leave one position free to run and collect dividends if they’re available. I will trim the position at 980 and 990 which provide obvious areas of resistance both as large round numbers and from previous price action.
Thanks
Joe
LSE:III
3i Group ~ Long Swing TradeCapture gains from bullish channel swing. The uptrend has already been confirmed by the first resistance breakout and a 15 EMA crossover.
Hold till resistance/ overbought RSI.
Place stop loss below support.
Risk/Reward ratio: 4
iiil - 3i is a beast 3i group has been on a monster rampage and still dosen't look like stopping buying a break above 731
New trade signaled - Buy III LN @ Open3i Group has outperformed the benchmark index and the financial services sector over the past 3 months. The shares bounced sharply yesterday to break the recent losing streak and now look set to reassert the trend. Buy at the open with a stop at 645p and a target of 742p
IIIL wedge patternafter head and shoulder breakout there is another minor pullback looking as wedge pattern, which also broke weekly resistance (red line)!
