Breakout day after a 2 year 1 month ascending triangle. A buy signal if you're a technical analyst and you see the pattern the same way.
On the hourly chart of PM shares, the price, most likely, has finished a corrective B wave within ABC zigzag. Expecting C wave or a new bullish cycle.
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign BUT found support at 23.5 on it's weekly 200 EMA Stochastic on daily chart is trending down and could result in another decline Also filling the gap at 31.72 could trigger fresh round of selling. Let's see what happens.
Traded within the light blue consolidation. Reached the support that has proven its self on several occasions Bull leg coming
At the daily chart of DIS shares, the price has formed a bullish divergent bar signal withing a possible end of wave 4. Buying at the breakout of the high level of the signal bar.
For me JD.com will be a nice furture investment to battle Alibaba and Amazon, but by now they just don't make any profits and the chart tells the same story. Buying opportunity at around 20 $ for a long run up. Just my opinion so make your own research and like always May the markets be with us
No amount of technical analysis can interpret Centrica's consecutive Head and Shoulder patterns.
long term: ascending triangle Short term: price is still held in a triangle formation. a break on the downside seems more attainable. scenario 1: break lower sell after retset of 71.8 into support below look for buy confirmations around the support region scenario 2: break above I would wait for a retest of of triangle long till first target (once achieved...
Classic breakout in April and retest in late May at 42p Now on the way back up, but how much more?
Breakout after good results. Bullish. NB: Posted early in the trading day, so there could be downward movement as the day progresses.
Bullish after a breakout of 70p resistance, which has been in place since March 2016.
A2M looks set for a continuation off its bullish flag pattern, finding support at the 200 MA. Blue sky above if it breaks through the top of the range / Will look for near-term support if it breaks through the bottom of the range Note as the company is trading at a high PE, failing to meet forecasts/targets can have a significant impact on share price.
ALB might break higher after breaking 35p, retesting and now possibly moving higher. Wait and see.
Long Adidas above area 180-190 with targert 200-210-225-260
In October 2017, it looked as if Filtronic was going to breakout of its range. That wasn't the case, and now it appears to be bearish with another test of 9.13
Mitie is breaking out after a false start Broken the 50 EMA and is heading toward the 200 EMA No trend reversal yet though.
CVS bounced off its support at 63.28 (76.4% Fibonacci retracement, 100% Fibonacci extension x2, multiple swing low support) where it could potentially rise up to its resistance at 67.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
BIDU is testing its support at 227.04 (100% Fibonacci extension x2, 78.6% & 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up from here to its resistance at 248.58 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.9% where...