Sublime_Trading

Sublime_Trading

Last post: May 14th. See chart . Review: Price was fast approaching the £10.00 round number. Update: Daily chart showing bearish day at that level. Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities Any comments or questions, do not hesitate to leave them below. Hit agree if you share our...

Sublime_Trading

Last post: May 7th. See chart . Review: Price was pulling back to round number 110 resistance. Update: Price continued to pullback and is now at 110 resistance. Conclusion: Require price to bounce off resistance and break and close below April support ideally in the form of a bear flag. Any comments or questions, do not hesitate to leave them below. Hit...

Sublime_Trading

Last post: May 7th. See chart . Review: Price was fast approaching the £10.00 round number. Update: Price has now reached the £10.00 round number. Conclusion: We have to stand aside until price can break above that area before looking for long positions. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!...

Sublime_Trading

Review: Price is at the 50 simple moving average, using it as resistance Conclusion: Patience needed until the break and close above the 50SMA, then a break above the 6th June 2017 high Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading

Sublime_Trading

Unite Group has moved up 22 points since the last post here. A strong move is expected considering that price broke out of a long period of consolidation. Do bear in mind that the £10.00 psychological round number resistance is not too far above which may slow price down. Last week ended with a strong bullish bar and if the momentum continues then the £10.00...

Sublime_Trading

Last post: May 10th. See chart . Review: Price had pulled back to pivot resistance. Update: Price has bounced off resistance. A bear flag will mean a trend continuation is likely. Conclusion: Patience needed until the break and close below support has been confirmed. Any comments or questions, do not hesitate to leave them below. Hit agree if you...

Sublime_Trading

Last post: April 23rd. See chart . Review: Price had pulled back to round number 5.0000 support. Update: Price has bounced off 5.0000 support. Would like to see price break and close above April high. Conclusion: Patience needed until the break and close has been confirmed. Any comments or questions, do not hesitate to leave them below. Hit agree...

Sublime_Trading

Evraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder. Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend. It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here. Since the last break of resistance we are seeing more...

Sublime_Trading

We last posted on the TRYJPY on March 8th when price had broken and closed below pivot support. As expected, given 6 days in a row of weakness, price has pulled back to the pivot resistance of March. We now want to see this level hold strong, for price to bounce back in the direction of the bear trend and break and close below the May pivot support....

Sublime_Trading

Yesterday we posted about Evraz PLC here, and today moved up over 10 points since then. Now that price is over the previous all-time high it could produce plenty of profits.

Sublime_Trading

We last posted on the CHFJPY on May 3rd when price had broken and closed below 110 and had continued to weaken further. After a break of key support and resistance levels, expect price to pullback to retest them. This is currently what price is doing. We now require a break and close below the current May low to suggest a trend continuation. Patience needed...

Sublime_Trading

We last posted on the USDTRY on May 4th when price had just broken resistance. Since then, the bulls have continued to dominate the market, breaking out again in the process and triggering further long trades. We want to see price continue to trend in the same linear fashion towards 5.0000. This is looking strong for a trend continuation. Any comments or...

Sublime_Trading

We last posted on the TRYJPY yesterday when we were waiting for price to break and close below the April pivot low. Price, today, has taken this level out and we are now waiting for the close below by the end of the trading day. This is when support will be confirmed as resistance and when we will look to add more short positions to the one already in play...

Sublime_Trading

Evraz PLC is now sitting comfortably above the previous all-time high and still looking strong. On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend. In May/June 2017 price used the Weekly 50 simple moving average as support. Then in November 2017 and...

Sublime_Trading

We last posted on the TRYJPY on April 10th when price was finding immediate support at the pivot low of March. The following bar did break and close below the pivot support this was short-lived. Price spent the latter part of April pulling back to the 50SMA where it found resistance. The 50SMA is a significant level of support and resistance when price is in a...

Sublime_Trading

Sopheon PLC has progressed since our last post here where price was at £8.42, and now stands at £9.12 at the time of writing this post. We have highlighted the area of consolidation which was from March 2017 to January 2018. The longer the period of consolidation, the bigger the trend may be that follows a breakout. As this period of consolidation lasted almost...

Sublime_Trading

We last posted on the EURSEK on April 25th when price was showing signs of bouncing off an April pivot support. Price did indeed gather momentum and break through the resistance high of April which is now being retested as support. This retest of resistance-turned-support is very much a natural feature of this trend and one that has brought linearity to the...

Sublime_Trading

Although price was previously in a downtrend Genel Energy is showing signs of heading in an uptrend now. On the Daily chart price is already above the 50 & 200 simple moving averages which gives it a bullish bias. Right now price appears to be fast approaching the Weekly 200 simple moving averages which may act as a strong resistance level. This stock is not...