Sell Aggreko PLC (AGK)Aggreko has broken to new lows on a relative basis against the FTSE 100. The shares are under performing the benchmark index and the support services sector over the past 3 months. Further weakness is expected. Sell with a stop above Friday's high.
UK
Schroders (SDR)Since hitting 2000.00 the share price has retraced 41% and since have consolidated around the 2800 area. The average estimates from brokers are still at a hold - buy rating. The RSI is showing a bullish failure swing with the indicator making lows and the price making a higher low.
On the weekly chart price action has been bearish with a shooting star candle (last week). However, the daily chart contradicts this with a hammer candle rejection of the 2754 lows.
R3 2876.80
R2 2850.00
R1 2800.00
Current 2722.00
S1 Upward trendline starting from June 6 low.
S2 2722.00
S3 2651.00
S4 2620.13
Morrison (MRW LN)Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues.
R3 230.14
R2 Intraday downtrend line
R1 223.56
Current 221.41
S1 216.98
S2 214.87
In terms of Value Areas we have extended above the mean area on the daily chart and would need another distribution if results are outstanding. If results are worse than expected we could see prices trade back into mean value at around 200.00
Morrison (MRW LN)Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues.
R3 230.14
R2 Intraday downtrend line
R1 223.56
Current 221.41
S1 216.98
S2 214.87
In terms of Value Areas we have extended above the mean area on the daily chart and would need another distribution if results are outstanding. If results are worse than expected we could see prices trade back into mean value at around 200.00
Persimmon (PSN LN) ahead of earnings (2nd Nov)Tomorrow brings the earnings of UK home builder Persimmon.
UK home builders have performed well in recent times with the UK government backing the housing market with expansion plans. In terms of recent broker recommendations UBS, Credit Suisse and Canaccord have all upgraded to company within the last 4 months.
* The weekly chart is showing bullish hammer candles.
* On the hourly chart we are at a relatively low level.
* On the Daily chart we support at the upward trendline.
* Could see resistance at the downward trendline on the linked chart.
* In regards to Volume the VPOC (Oct) is at around the 1726.13 area, do not be surprised if this is a support level.
* Oct high of 1892.65, Low of 1648.88 and highest amount of contracts exchanged (Value) 1725.30
R4 1648.88
R3 1831.04
R2 1787.93
R1 1735.39
Current 1731.00
S1 1720.63
S2 1648.88
GBPCAD | Fibonacci & EMA Analysis - Potential SELL SideGBPCAD
1. Inverted H&S
2. Rejection from EMA 100
3. Price stop right by Fibo 0.618
4. Weekly Currency Cross (CSS) Bearish
#GBPCAD
1. Inverted H&S
2. Rejection from EMA 100
3. Price stop right by Fibo 0.618
4. Weekly CSS Cross: Bearish
Estimations:
- As long as we dont experience bullish breakout on the new week open day, we will look for bearish breakouts for our entries.
Daily Free Analysis with Education:
telegram.me
Daily Free Signals with entries and exits:
telegram.me
FTSE 100 – Bulls may have run out of steamDespite the recovery from the daily low of 6924.1, the subsequent failure to hold gains above 7000 and a retreat to 6975 levels suggests bulls may have run out of steam, however, sellers are seen coming-in only after a daily close below 6950 levels.
UK GDP likely to be worse than expectedBrexit fears impact on consumer and business confidence likely to give some shocks to anticipated GDP growth. Although this has mostly been priced in, an announcement of weaker GDP will send the Pound lower to the 1.2000 level.
GBPJPY | On Monthly S2 Resistance + trend line breakout to SELLGBPJPY | On Monthly S2 Resistance + trend line breakout to SELL side.
Free Daily Analysis on Telegram:
telegram.me
New trade signaled - Sell TW/ LNTaylor Wimpey has steadily under performed the benchmark index over the past few months and looks set to break lower. Sell with a stop at 146.5p, targeting a move down towards the 'Brexit' low at around 118p
New trade signaled - Buy AHT LN @ OpenAHT has outperformed the benchmark index and the support services sector over the past 3 months. The shares rank in the top 5 of our quantitative model. We therefore expect new highs from here. Stop @ 1302p, target @ 1542p
UK 10-yr Gilt – Weekly 5-MA could be put to testGilt’s daily close above 127.23 (23.6% Fibo retracement) on Monday if followed by a move back above resistance at 127.63 could yield a rally to weekly 5-MA level of 128.03 – 128.22 (38.2% Fibo).
On the lower side, failure to hold above 127.23 followed by a break below 126.42 (Oct 20 low) would open doors for a re-test of 125.63 (Oct 17 low).
GBPJPY Currency Strength Bearish - Expected Possible Fall Daily CSS made cross back into bearish side which means, daily back to the weekly trend which is clearly very bearish ...All we need now is a good confirmation from the (counter trend) pull back for our entry in trend (sell)...make sure no special news around...and get the deal :)An confirmation of weekly resistance rejection will be a great reason to look into getting in...
Daily analysis also posted on Telegram:
telegram.me
FTSE100 – Increased odds of break below rising trend lineTuesday’s rebound from the rising trend line failed to materialize into a break above immediate resistance of 7055 (Oct 14 high).
The decline to 7018 levels seen as I write forces me to consider whether the bulls are exhausted and would gather steam only after a meaningful correction has happened.
A daily close today below 7000 levels would open doors for re-test and a possible break below rising trend line support which by Monday would have shifted higher to around 6980. A daily close below the trend line on Monday could yield a drop to 7000.
GBPJPY SELL on PullBack at bounce from resistanceEither from pullback at weekly resistance OR from current resistance we at.
Look for your possible entries based on your analysis.
Free analysis posted daily at telegram channel:
telegram.me
New trade signaled - Buy IHG LN @ OpenIHG has outperformed the benchmark index and travel sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 3186p. Target 3534p
New long trade identified on the close - Buy SPX LNSpirax-Sarco Engineering was upgraded this morning and traded positively throughout the day. The shares are outperforming the UKX100 over the past 3 months and look set to push on towards new highs.
Buy on the open tomorrow morning with a stop loss at 4490p
Target is 5300p over the short to medium term.
New trade signaled - Buy III LN @ Open3i Group has outperformed the benchmark index and the financial services sector over the past 3 months. The shares bounced sharply yesterday to break the recent losing streak and now look set to reassert the trend. Buy at the open with a stop at 645p and a target of 742p
UK 10-yr Gilt – Stuck at 23.6% FiboRebound from the low of 125.627 on the back of a bullish price RSI divergence and a bullish MACD crossover has run into resistance at 127.23, which is 23.6% Fibo resistance of the sell-off from 132.424-125.627.
Given the bullish divergence on the 4-hr and bullish pin bar on the daily chart the odds of a break above 127.23 and a rise to 128.00 are high.
Only a failure at 127.23 followed by a break below 126.37 would signal loss of bullish momentum.
Sell Intu PropertiesIntu has under performed the FTSE and the Real Estate sector over the past 3 months. The short term trend is negative and the stock scores poorly in my fundamental model.
UK 10-yr Gilts – Short-term bottom in placeBullish price RSI divergence on 4-hr chart followed by a rise to 127.00 levels suggests a retreat from Sep 27 high of 131.94 may have run out of steam and prices could rally further if the hurdle at 127.39 (Falling trend line + 23.6% Fibo) is breached.
On the lower side, only a break below 125.84 would signal fresh sell-off.
