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FTSE 100 Index

JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but price has consistently been heading to the upside forming higher highs and higher lows. Price may become exhausted again and form a period of consolidation and in that case, we would just need to wait for a breakout to confirm a continuation of the bull trend. A break above £8.90 should see further moves to the upside and give us the opportunity to add to our already profitable positions. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
LSE:JD.Long
by Sublime_Trading
3
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
UK Market - Impulse move in the making.Two points of view are provided in the chart as two scenarios are both likely. Upside has a target of £10,000, Pivot level at £6,000 and downside target of £4,500. The wedge, price stalling and curvature of the price action up to the wedge, tells that there is a possibility for a rejection from a recovering bull market and into a financial recession. Fundamental data will appropriately explain and show which direction the FTSE takes. Personally neutral on this, both are likely in my playbook - however I think there's more reason for recovery and continuation upwards because of geopolitics more than technical analysis.
TVC:UKX
by LongForever
200% spike on 14x average volume!Eurasia Mining has spiked over 200% on almost 14x average volume. This is a huge move with a lot of momentum behind it. That being said, there is likely a lot of profit taking to come. The market has strong potential resistance at 1980-2005. Will it be strong enough to trigger a reversal? Maybe. It is the confluence of two 1.618 Fibonacci projections. If the market reaches that level this week, as it is close to doing, it will also coincide with a 0.75 Speed fan trend line. This stock has a history of being spikey. Watch out, it can fall through the floor very quickly.
LSE:EUAShort
by Quantium_Research
Persimmon - Looks set to re-build its share price.Technicals Persimmon is holding at key support and showing signs of attracting value hunters. I also note the bullish divergence on the relative ratio (Persimmon share price / UKX). The price of sterling has been a drag on the shares and with GBP moving higher yesterday it could offer some relief to domestic stocks. Technically and fundamentally, Persimmon looks good value here. Fundamentals Persimmon currently ranks towards the top of our fundamental model with exceptional scores on value, profitability, momentum and quality metrics. The shares have underperformed the market over the past 1 to 3 months but we do not expect this to continue. Pros Ranks in the top 5 of our fundamental ranking model. Canaccord Genuity reiterated ‘Buy’ advice on the 20th August with a price target of 2720p. The business continues to produce steady cash flow and boasts a healthy dividend. Cons Sales have slowed in recent months. Peel Hunt reiterated its hold rating on the 1st May 2019 with a price target of 2025p. Complaints have been raised about the quality of Persimmon homes, this may act as a drag in the short term. Stop: 1790p Target: 2430p
LSE:PSNLong
by Investamate
3
ONE FTSE AT A TIMEHead, shoulders, knees and toes, knees and toes. Head, shoulders, knees and toes, knees and toes. And eyes and ears and mouth and mouth and nose. Head, shoulders, knees and toes, knees and toes, knees and toes. March, march, march. Let us all march. March, march, march. Get your body charge! Head, shoulders, knees and toes, knees and toes. Head, shoulders, knees and toes. And eyes and ears and mouth and nose. Head, shoulders, knees and toes, knees and toes. Jump, jump, jump. Let's all jump. Jump, jump, jump. Make your muscle pump! Head, shoulders, knees and toes, knees and toes. Head, shoulders, knees and toes, knees and toes. And eyes and ears and ears and mouth and nose. Head, shoulders, knees and toes, knees and toes. Punch, punch, punch. Let's all punch. Punch, punch, punch. Have a hurty munch.
OANDA:UK100GBP
by Basil13
Greggs Still Holding At £20Last post: See link below. Review: Price experienced a deep pullback and came down to find support at £20. Update: Price is currently still holding at £20 which is proving to be a strong round number. Conclusion: We want to see price gather some strength and climb away from the round number and eventually break above the previous high. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading
Boohoo Looking Strong AgainLast post: See link below. Review: Price was stuck in a large period of consolidation and was not presenting any trading opportunities. Update: Price has now broken out of consolidation, which lasted over 2 years, and looks interesting again. Conclusion: We want the current support level to hold followed by a break of the previous high before we look for any long opportunities. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:BOOLong
by Sublime_Trading
Howden Joinery - Throw the kitchen sink at it?Technical Howden Joinery looks interesting on a technical basis. The shares shot higher to new highs following a bullish update to the market. We have since seen the share price unwind to some sensible levels as the overall market continues in this condolidaiton phase. The shares have reached a confluence of Fibonacci support levels, which I have highlighted on the chart. We have seen buying interest emerge and a gap higher in price to break out of a consolidation wedge. The overall trend remains bullish and a move to new highs is expected. Fundamentals The UK’s leading manufacturer and supplier of fitted kitchens, appliances and joinery products has been paying dividend yields of around 2.5%. Howden ended the reporting period with net cash of £217.1m, which makes its forward P/E multiples of around 14-15 look attractive. Stop: 505p Target: 600p
LSE:HWDNLong
by Investamate
Ocado - Looking ripe for buying.Technical Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected from here. Fundamentals The company continues to make strides into technology, which offers potential medium-term growth. Numis reiterated thier 'Buy' rating on the 10th May 2019 with a price target of 1700p Ocado has announced a string of deals and recently tied up a joint venture with Marks and Spencer. Stop 1105p Target 1500p
LSE:OCDOLong
by Investamate