THG PLC: Reversal and Bullish Island Pattern1) I believe that the bullish wedge pattern (June-August) is still valid with the price target of 88.
2) Island Pattern, which is reversal and bullish.
3) Price to book ratio: 0.32
4) Insiders are buying the stock at these levels.
1st target: 88
2nd target: 104.85 (gap)
Barclays has no bulls at all. Yet.Barclays - 30d expiry - We look to Buy at 140.42 (stop at 134.98)
Price action continued to range between key support & resistance (140.00 - 175.00) and we expect this to continue.
We are trading at oversold extremes.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 140.00 and should stem dips to this area.
Support could prove difficult to breakdown.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 154.48 and 159.48
Resistance: 150.00 / 155.00 / 160.00
Support: 144.00 / 140.00 / 135.00
Daily perspective
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Glencore is basically flat in USD this year!Check out the price of Glencore in USD. It's basically flat. How come? Their business is in USD and their business is booming. Trading will keep doing incredibly well, Coal is on fire (check out Whitehaven a pure play in OZ). It trades sub 5x EBITDA, yield close to 5%, and could be debt free in 12 months... No brainer buy in my mind.
Ageas SAAgeas SA is a Belgium-based international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account. The stock is listed on the Belgium Stock Exchange. The price chart has formed a 16-month-long descending triangle with the horizontal boundary acting as strong support around the €38.70 level. A daily close below the €38 level will confirm the breakdown from the 16-month-long descending triangle with a possible chart pattern price target around the €29.00 level.
Value buy: swing trade longLSE:VOD has been in a steady decline since 26 July 2022 declining 16.62% from VRVP point of control.
The price is hitting old support, accumulation levels over the past 2 years and is highly reluctant to break through. Also, price at 106.64 has entered Medium volume VRVP Nodes with not much institutional interest to push the price levels into low level nodes. Average closing price is at 123.98, similar to the point of control over the visible range.
As confirmation, the MACD indicator momentum histogram has been slowing and there has been a crossover. All indicating bearish momentum is slowing/stopped at this current price.
This current level seems to be a value purchase. I estimate the fair value is at least 9% higher than current levels: 116.10.
Is this buy signal, or bull trap?Hi, Unilever seems to jump up from the bull flag pattern from 2012. I will still observe as GBP is not stable at this moment while current CEO resigns. Yet, assumed recession considered, dividend history, this is good time to go long? Ichimoku is up. RSI is near overbought. Any opinions?
DELTIC Bearish move incomingBear divergence on high time frames. If it closes monthly candle as Hammer, then i would be selling into any pumps.
Not a good outlook for this market in the UK and Europe atm. Based on the events in Ukraine & Russia (God rest ones soul) could we see this sector spill further now things are ramping up on a much more aggressive note.
My personal Target as shown based on a confluence zone of Support & Fib retracement.
One last push from BP?BP. (BP.) - 30D expiry - We look to Sell at 463.80 (stop at 475.20)
We are trading at overbought extremes.
Broken out of the triangle formation to the downside.
We look for a temporary move higher.
Daily pivot is at 469.60.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 433.15 and 424.15
Resistance: 450.00 / 460.00 / 470.00
Support: 440.00 / 430.00 / 420.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
Northrop Grumman CorporationNorthrop Grumman Corporation is a global aerospace and defense company. The Company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.
Over the past 5 months, price has formed an ascending triangle chart pattern with the horizontal boundary acting as strong resistance around the $490.00 level. A daily close above the $497.00 level will confirm the breakout from the 5-month-long ascending triangle with the possible chart pattern price target around the $557.00 level.
CNA: completing the pattern?A price action below 82.00 supports a bearish trend direction.
Testing its 200-day sma. Crossing below this level will act as further confirmation for downside potential.
The level 78.00 is critical for such downside.
Target then 76.00 (lower range of the wedge pattern).
Remains a risky trade.
Smart Money Concepts in action - 30% profit, runningGood Day.
In principle, Smart Money Concepts/Order Block Strategies/Wyckoff (to name just a few), aim to do one thing - identify where Banks & Financial Institutions are stacking their buy or sell orders, anticipate Retail Trader stops being liquidated, and jump on board to ride the wave with the Smart Money.
OTB (On The Beach) is a UK-based travel operator, a sector that's been beat-down heavily in recent weeks - and recently re-visiting its Covid Lows. Perfect opportunity for Smart Money to manipulate the market, trap sellers and liquidate early buyers who sold off in fear.
BFI's do this every week - rinse and repeat.
Our Strategy anticipates the 'washout', and enters on c.50% fib of the Spring.
Let me know what you think of the trade set-up above - we anticipate holding on for a good deal longer, for a 2-3X return.
Best,
Figuring Out Finance
Aura Energy neutralThe Swedish election results are inline with public opinion.
60% of Swedes want more nuclear power.
Largest supplier of uranium to Sweden is Russia.
800mlb uranium deposit is the worlds 2nd largest.
Could be years from development though
seems overvalued!
The swedes have been closing nuclear plants.
Keep and eye on it/ b
HOC STRONG BUY - Target 140 - Six Month PayoffI just love this monthly chart, just look at it... HOC has only closed below this current price for 3 sessions in the history of the company back in 2016, whilst today's price is coincidentally the session low dating back to December 2008.
Down 82.5% since 2020 highs and with the monthly RSI at multi year lows the risk here now seems to be to the upside, a conservative 100% retrace for the April to present day surge takes the share price back 148 a nigh on treble bag for what potentially may play out by the end of March 2023.
#HOC