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SGE

Sage Group ready to roll over?We are on the hunt for short ideas as we expect to see some form of pullback in equities in the short term. Sage Group is in a long term downtrend and has underperformed the benchmark index over the past 1-3 months on a relative basis. The shares have rallied into downtrend resistance as well as a combination of the 50 & 200 day moving average. There was also a bearish engulfing candle on Tuesday. We therefore expect to see this fall in the short term. Stop loss at 667p, targeting a move to retest the recent lows around 620p
LSE:SGEShort
by Investamate
XAUUSD: Gold uptrend continuationWe can go long now, and aim for 1365 and 1462.45. The weekly hasn't confirmed yet but I anticipate confirmation by next week. Stops should be below 1235, give it some breathing room! Rgmov is plotting fresh new highs, a sign of strength, and we're sitting above the uptrend mode, so it's logical to expect continuation. Notice how price held support at the options expiration key s/r level on March 28th, we're now breaking the recent supply level and expanding daily range, very strong price action, backed by the prospect of no further rate hikes by the Fed until June (IF they even hike rates). Note that last week, commercial traders where heavily short gold, if they unwind shorts this week we might see a strong rally. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
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