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Ftse100

BT Group - Filled the gapBuy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market Cap: £18.96Billion BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest. Stop: 181.6p Target 1: 212p Target 2: 230p Target 3: 265p
LSE:BT.ALong
by Investamate
UK100: Could the slide bellow 7,190 extend?FTSE100 (UK100) index is also an interesting one to watch this week. The index was bounded in a range above 7,000 handle since August. Note that FTSE has been in a loose inverse relation with the pound since the Brexit referendum. So, in case of a clear Conservative win this Thursday, a strong rally in both the pound and FTSE would be a strong sign of return in investor confidence. Take in mind that the UK elections are held when markets are open, and a new government may be formed on Friday, so volatility could be significant throughout the night and also during all day at Friday. UK100 index were steady on Monday after posting the biggest weekly loss in 9 weeks last week. A firmer pound prevented more extreme gains as the latest poll showed the Conservatives increasing its lead over Labour by two-digits percentage points. The UK100 index is trading below the 50-day and 200-day SMAs on 4-hour chart. The RSI indicator is sloping down on both H4 and D time frames. This morning FTSE broke the first support at 7,200. We opened Short position at 7,190 with Stop Loss above 7,250 and Take Profit around 7,130. There is located the lower line of Bollinger Bands on 4-hour chart and since October this level is acting as key support. On opposite side, the first resistance is the top in the last 3 days at 7,256, followed by H4 50 SMA, middle line of BBs and 200 SMA (on both H4 and daily charts is around 7,320). Do you trade this index and how?
OANDA:UK100GBPShort
by ForexTrendline
Tesco - Pattern consolidation for long trajectory.Tesco: -In the daily chart: Price action has consolidated into a rangebound symmetrical triangle, this usually symbolises continuation (to the upside) but I do not discount the possibility of a short if we fail to breakout long and in-turn breakout in the opposite direction. Identifying a breakout: In this case price has had bullish candles deviate outside of the range, however, using both a price and time filters for confirmed entry, no bullish daily candle has so far managed to close outside. As we are right at the upper wall of the pattern, this could occur soon for a nice RRR ONLY IF we get a bullish daily candle close long. Catalysts for the move: UK election - If the conservatives gain a majority on Thursday night then I expect this entry position to be triggered, if not then i expect the opposite for this and the FTSE100 in general if labour win or there is uncertainty with a hung parliament.
LSE:TSCOLong
by TomSaundersFXS
FTSE Bottoming Pattern on 4 Hour Trade/ British ElectionsJust before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE but remember, QE was supposed to be a one time desperate policy to prevent a 1920-30's like great depression. When we go back to QE, people will realize it did not work in the first place. They will use different names to mask QE, but this is the confidence crisis that looms. These central banks have one role now: to keep assets propped. This will eventually be morphed into buyers of LAST RESORT (instead of lenders of last resort...which was the central banks original mandate when they were first being formed). I am expecting higher equity prices in the US because there is nowhere to go for yield anymore. Also, many investors know the Fed will support this market. Not to mention the President needs high stock markets if he wants to win the next election using "Keeping America Great" slogan. Yes, we will have pullbacks, but equity markets will go higher. I speak about why this can be a problem for the Fed and the US Dollar. Post linked below. In terms of the current FTSE chart, we did make a bottoming/ double bottom pattern at a flip/support zone. From here, we had a nice break above a flip zone marked in blue, a strong break, and now it seems we are making our first higher low which will be confirmed with this current 4 hour candle close. Target will be the flip zone at 7340 for the trade.
FOREXCOM:UK100Long
by Uncharted-FX
UKX Price Action Analysis | Distribution SchematicThe Distribution Schematic #2, by Richard Wyckoff: bit.ly UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management. Entry: 7390 SL: 7810 TP-1: 6910 TP-2: 6610 TP-3: 6360 R/R: 2.44 ‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬ ‪The ideas published here are not financial advices. ‬
TVC:UKXShort
by CompositeTrader
5
Ferguson - Turning up the heatBuy Ferguson (FERG.L) Ferguson PLC is a distributor of plumbing and heating products. The Company operates through seven business units: Blended Branches, Waterworks standalone, HVAC standalone, Industrial standalone, Fire and Fabrication, Facilities Supply standalone and B2C e-commerce. Market Cap: £15.35Billion Ferguson is trading in a bullish long term channel. The shares are trading just below all time high and there is no sign of the momentum slowing. The small corrective move lower in recent days has attracted buying interest and a move to new highs is expected. Stop: 6545p Target 1: 7200p Target 2: 7600p Target 3: 8000p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:FERGLong
by Investamate
BT - Dialling upBuy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market Cap: £18.96Billion BT has broken out of a channel pattern on the daily chart. The breakout move has retraced 50% of the impulsive move higher and retested the broken channel. The shares appear to be stabilising around 185p, while the Conservatives remain in the lead in the opinion polls then the shares could continue higher in relief of avoiding the threat of part nationalisation from a Labour Government. Stop: 181.6p Target 1: 212p Target 2: 230p Target 3: 265p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BT.ALong
by Investamate
1
FTSE 100 - Selling ralliesTrade Idea Broken out of the channel formation to the downside. Continued downward momentum from 7404 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7310, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look to Sell at 7310 Stop: 7355 Target 1; 7095 Target 2: 7005
FX:UK100Short
by Signal_Centre
Bellway - Building momentumBuy Bellway (BWY.L) Bellway plc is a major UK residential property developer based in Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Market Cap: £3.9Billion The medium-term trend is bullish on Bellway. The shares have corrected lower in recent weeks and appears to have found some support at 3125p. There was strong move higher in yesterday’s session and further upside towards resistance at 3710p is expected in the short term. Stop: 3078p Target 1: 3600p Target 2: 3710p Target 3: 3800p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BWYLong
by Investamate
easyJet - Ready to take off again?Buy EasyJet (EZJ.L) easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts. Market Cap: £4.77Billion Having completed a large inverse head and shoulders bottom in the middle of September the shares have been on a great run. The recent spike to highs of 1330p was met with some profit-taking. The correction lower has been quite shallow, and the price now appears to have broken higher from a pennant pattern. This is considered a continuation pattern and therefore the expectation is for further upside in the short to medium term. Stop: 1171p Target 1: 1383p Target 2: 1505p Target 3: 1600p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:EZJLong
by Investamate
United Utilities - Something in the water?Buy United Utilities (UU.L) United Utilities Group plc, the United Kingdom's largest listed water company, was founded in 1995 as a result of the merger of North West Water and NORWEB. The group manages the regulated water and wastewater network in North West England, which includes Cumbria, Cheshire, Greater Manchester, Lancashire and Merseyside, which have a combined population of nearly seven million. Market Cap: £5.8Billion United Utilities has broken out of a bearish channel with an impulsive move higher. The correction lower in recent days has been limited and buyers appear to be emerging once again. A flag formation may be taking shape which would suggest a continuation higher over the short term. The ultimate target is for a move to 1065p, which is a previous high dating back to May 2017. It’s also a nice one for income investors with a dividend yield of 4.74%. Stop: 816p Target 1: 940p Target 2: 1000p Target 3: 1065p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:UU.Long
by Investamate
Rentokil - Time to catch some gains?Buy Rentokil Initial (RTO.L) Rentokil Initial plc provides fully integrated facilities management and essential support services to government and commercial sector organization all sizes across all business sectors. The Company provides services in pest control, hygiene, workwear, facilities and plants. Market Cap: £8.17Billion Rentokil is trading in an exceptional long-term uptrend. The shares have once again bounced from the trend support line and this typically proceeds a move to new highs. If the trend is to continue, then its an ideal entry level. A break below 430p would invalidate the idea. Stop: 430p Target 1: 500p Target 2: 530p Target 3: 550p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:RTOLong
by Investamate
Hikma Pharmaceuticals - Injecting some bullish momentum.Buy Hikma Pharmaceuticals (HIK.L) Hikma Pharmaceuticals PLC develops, manufactures, and markets pharmaceutical products. The Company offers branded and non-branded generic and in-licensed pharmaceutical products. Hikma Pharmaceuticals serves customers worldwide. Market Cap: £4.79Billion The long-term trend on Hikma remains bullish. The corrective move lower in recent weeks has found some support at the 38.2% Fibonacci level. The posting of a bullish engulfing candle while simultaneously breaking from a wedge pattern is bullish for short term sentiment. Further upside is expected from here, targeting the previous highs at 2345p from 15th March 2017. Stop: 1920p Target 1: 2210p Target 2: 2345p Target 3: 2400p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:HIKLong
by Investamate
FTSE100: Double Buy Target.The index has broken above both the 1D MA50 and MA200 this week and 1D turned bullish (RSI = 57.795, MACD = 3.690, Highs/Lows = 85.3366) towards the 7,440 Resistance. It appears to be repeating the April - July sequence, currently being at the start of the final (and most aggressive) bullish leg. The obvious short term target is the 7,440 Resistance but in our opinion, and with the 1D RSI potential, if the 1D candle that breaks the Resistance closes above that level, we can extend the uptrend as high as 7,620. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:UKXLong
by InvestingScope