Ultra Electronics - Attack the best form of defence?Buy Ultra Electronics (ULE.L)
Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare.
Market Cap: £4.79Billion
The medium-term trend is bullish on Ultra Electronics. The shares have consolidated in recent weeks, forming an ending wedge pattern on the daily chart. The break above the upper boundary of the wedge is a bullish signal. We expect to see further upside over the coming weeks and months with a move towards new highs.
Stop: 1830p
Target 1: 2290p
Target 2: 2350p
Target 3: 2500p
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
ULE
BEARISH SETUP for ULE (2x EURUSD in a single day)BEARISH SETUP for $ULE (2x EURUSD in a single day)
Waiting to be returned to 2015, early Dec. levels
FXE: Weekly Linear Euro about to turn?Folks on this site seem to know a lot more about currencies than I do. But here is how the euro looks to me.
In EWT (which I recommend you NEVER use by itself) one form of consolidation in a correction is A,B,C with the B wave a 5 wave triangle a,b,c,d,e. I think that is what we likely have here. Often the C wave is some Fib relationship to A such as C=A, C=.62X A, or C=1.62X C. In this case we are close to the A=C. We have a nice channel. We have a bullish divergence in the RSI/ROC. Have to wait to see how it develops and wait for a price action trigger to see if correct and turns bullish. If interested in playing the bullish reversal there is a 2X ETF: ULE. Have a great weekend. goodguy.
