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*BULLISH* 6.5% breakout to $61.90 target by New Years *full disclosure* I have a 28,000 CHF long position in RET* Retail Estates is an underappreciated European retail REIT that is primed for a substantial technical breakout this December. Please take the time to look over the technical analysis, which is purposefully decluttered to provide a utilitarian analysis of the overall forecasted direction of the share price. The fundamental analysis is far more appetizing since the REIT is likely to be a pillar in my portfolio, similar to how SGRO was over the last 5 years. Similar to SGRO that focused on commercial real estate on the periphery of town, RET does the same for retail outlets, except instead of encompassing the UK and pan-Europe, they specialize in Belgium and the Netherlands. As COVID-19 vaccines are set to roll out across Europe, the smaller countries are likely to be more efficient in distribution than the larger ones. Furthermore, Belgium is home to the ECB and the Netherlands is home to the International Justice Court, and with Brexit underway, these are two highly English proficient, international countries that are likely to benefit from a "no deal". Work culture is ultimately shifting to stay-at-home, but the office in the center of town will remain a cornerstone of any business. RET's retail outlets are perfectly suited to take advantage of this new trend as more people live on the periphery of towns and make trips into town on a ad hoc basis. All in all, given the technical and fundamental analysis, I am bullish on the stock. Thank you for reading and considering my analysis. Yours Sincerely, Turner Capital Management
EURONEXT:RETLong
by TCM_Group
Navigating The "Brexit" Market : Simplified #GBPCHFSterling Pairs, if you zoom out to the daily chart, had been in a sell-off run (bid run for EURGBP) for a few months now. For GBPCHF, the sell-off all started, technical-analysis wise, after the institutions tapped in 1.3375xx-1.338xx early may, forming an equal high formed two months previously. Fundamental/Sentiment analysis would suggest that this was due to the saga that is in Brexit. A no-deal Brexit/Boris Johnson becoming PM etc have provoked the market to dump their Sterling Longs. I am in intraday-scalping mode for GBPCHF at least today (perhaps could be prolonged until Wednesday, all depending on what happens today). I see oceans of liquidity pools both side of the spectrum and I will make my trading decisions based on which pools the institutions will tap and the price action-reaction once it's been tapped. (long-term I am bearish on Sterling, if price tapped in the buy stops above, that would be grand! I would, with high conviction, would short GBPCHF from there and I would expect a bearish trend ensues) The retail sentiment, although not as strong as NZD bids, is bid. I am a contrarian trader (generally prefers to be the other side of retail sentiment) backed up with my fundamental/sentiment stance, will indeed be bearish on GBP. However, as I mentioned above, I am in a scalping mode today for GBPCHF depending on which pool the big banks/institutions would tap in. The range analysis - Last week's weekly range projection was not a hit. My belief is that when the price fails to hit the daily/weekly/monthly average range projection, then it has to pay it back in the following day/week/month. Price expansion very often happens after a week of a miss projection.
Short
by sufiansaid
GBP/USD: the scenario that is taking shape is very uncertainOn gbp/usd the scenario that is taking shape is very uncertain. The British government has managed to find an agreement with the European Parliament. They need an extension of the London exit from the EU at the end of October. These six months should be enough for May in order to be able to convince their parliament again to accept the agreement with Brussels. The main task is don't scare the markets with a "no-deal Brexit". Hardly those conditions already rejected twice by most members of the English parliament will be accepted. This could be the third vote without any modification of the purpose. The European Union is not prepared to retract at the moment. All this uncertainty is making the pound lateralize in this channel between 1.30 and 1.329 by February. We do not enter the market until the scenario is clearer. This is what we can see in the technical side. We see a price squeeze in the area between three key levels, the basis of compression is the dynamic support passing through 1.306. The first resistance is on a static level at 1.309. The second one on the dynamic level at 1.311. Based on a broken support or resistance the key levels will be 1,289 or 1,326.
by BFCMInvest
GBPUSD Is Severely Overpriced if UK Headed Toward No Deal BrexitWith a clear majority in the House of Commons against a no-deal Brexit, and with members of Parliament holding more votes on alternative plans on Monday, Mrs May asserted that the UK would have to find “an alternative way forward”. She also may attempt a fourth bid for the Commons to pass her bill. Meanwhile, trading of the pound on Friday faced significant volatility as price action swayed violently just to rest at where it started forming a long-legged doji for the day. If the customs union wins then May could run for this deal with the EU. She could also say no and then we have an election or a second referendum. Difficult to say, but this is the direction we are heading. The bottom line is that the trend of no deal Brexit and a customs union seems to be wedging together like a symmetrical triangle. Either way, this will have to break one way or the other. More words here: anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3