RyanTheYoungTrader

RyanTheYoungTrader

not much work just a trendline and a cheeky fib retracement 210? or 180?

RyanTheYoungTrader

Long at 2.169 initial entry for 4-4.9-6.19-7.85 targets Longer term

RyanTheYoungTrader

if 66.21 breaks near term target towards 70.925 will occur. However, if support term 64.55 is breached below, then near term targets of 62.8 and then potentially 61.8 will occur I don't buy the rise! Ftse Is extremely overvalued IMO on current forecast increases on no valid thesis'.

RyanTheYoungTrader

simples

RyanTheYoungTrader

Intercept of MACD aligning with price movement on each intercept crossover, results a mimicking of price action, E.g.break below stabilisation levels of 1122.35-1124.50 targets 1046-1052$ bottom level support. Investors should be cautious to buy below stabilisation ranges however would be worth a buy for a bounce off support trade 1150-1175 if some market force...

RyanTheYoungTrader

support of 216.46 and resistance of 222.87 ish break resistance = 235 ish

RyanTheYoungTrader

then becomes overvalued

RyanTheYoungTrader

decline in mining sector means less demand for johnson matthey services chemicals etc... chart seems overbought----- possibly due to the ftse 100 rising lately (nonsense santa-rally)

RyanTheYoungTrader

Gap to fill at 974

RyanTheYoungTrader

Alligns with fundamentals

RyanTheYoungTrader

A game of two paths break 33-36.5+ and 48-86.75 peak ahead but if not drift to the high teens