TP ICAP Ranging 145 - 200Idea for Tracking,
Increasing profit clearing debt and paying out dividends.
Update to my Nov 5th 2022 Chart for AAZ - Elliot Wave analysisIn this chart, I am zooming in for closer look at the chart over the last 26 months.
Jan 2021 was the peak of the first Major Wave 1 which ran from 2.5p to £1.825 & which consisted of a clear 1,2,3,4,5 pattern.
From Jan 2021 the Corrective Major Wave 2 then took hold and saw the price fall from £1.82 all the way back down to 62p on 13th October 2022 in a typical A,B,C Zig-Zag Correction.
Since that date, the price action has been very constructive and we have now seen an initial 1,2,3,4,5 advance (from 62p to £1.18) & then another A,B,C Zig-Zag correction from £1.18 back to 90p (50% Fib retracement).
Over the last month the next Motive Wave has got underway wit the price now having moved swiftly to £1.12 & has cleared (B) of the Corrective Wave 2 - first buy signal confirmed.
The longer term £3+ price target remains intact and near-term £1.75 looks highly likely as then Motive Wave gathers followers and steam.
Ferguson PLC - LSE - BUY?Ferguson PLC - LSE - BUY. Price currently on a strong support and its above 200 MA, possible Long Entry?
Standard Chartered PLC - LSE - BUY?Price is on strong support, also its bouncing off 200 moving average??
short position on PNNMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
UU. building above its 200-dayA price action above 1029 supports a bullish trend direction.
Negate the bullish bias for a break below 996 (stop-loss).
Increase long exposure for a break above 1069.
Upside target is at 1165 (upper range of the linear regression channel pattern.
When a stock is building a base just above its 200-day simple moving average, it can sugegst a potential bullish trend as the stock price is finding support at this level.
Aston Martin Formula 1Aston Martin Aramco Cognizant Formula 1 team is driving the stock, at its peak, it is up 61% from the AMR 23 Reveal, with the biggest price rise coming the morning after a magic podium for Fernando Alonso, and a stunning upset for Ferrari and Mercedes. The question is, will this happen again? in Jeddah, Melbourne, or later in the season?
long position on CCHMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Up up and away Taylor Wimpey📈The chart should be self-explaining. If something is unclear feel free to use the comment function here. Good trades, folks!
BP double topOil Giant BP has enjoyed a spectacular run over the last couple of years. Now it looks exhausted with the price hitting the level of historic resistance that has lasted many years. The recent 2 weeks show a double top M pattern with a failure to break above the previous week's high.
Aston Martin Bearish DivergenceTrend line shows bullish trend because it's making HH HL but unfortunately RSI show bearish divergence
long position on RMVMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
long position on SMDSMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
#ABDN #LSE #LONDON CUP AND HANDLE BO#ABDN #LSE #LONDON
Cup and Handle breakout !!
Probable target mentioned. .
More upside coming soon? 📈See chart image. Entered long here. A little bit too late but it seems like it works so far. If you've got questions feel free to use the comment section here. Good trades, folks!
RR. Short if 150+ not breachedThinking this is a great overbought trade here.
RSI 75 overbought conditions.
Massive gap too be filled around 115
Entered zone of previous sellers(resistance)
ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
Prudential (PRU.l) bearish scenario:The technical figure Channel Up can be found in the daily chart in the UK company Prudential plc (PRU.l). Prudential plc is a British multinational insurance company. It was founded in London in May 1848 to provide loans to professional and working people. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 25 days towards 1 173.20 GBX. According to experts, your stop-loss order should be placed at 1 336.00 GBX if you decide to enter this position.
Prudential's stock increased significantly by 41% over the past three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained.
While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth.
Prudential's earnings have declined over five years, contributing to shareholders 21% loss.
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Rio Tinto ,,, Buy opportunity Uptrend
It seems pullback has been finished and it's gonna get next target. 5800 can be a good SL for a buying position.
