good risk reward here$ARB is at a very big support area here, I think its safe to say we can see a test of 147 in the near future! i wouldn't set any target much higher than that though, this looks like a slow mover. good luck ! :)
PETROFAC Limited - Bullish divergenceA 92% correction from July 2012 (ouch) creating a considerable oversold condition (as if it was not already obvious) there now exists an ‘incredible buy opportunity’ for those brave enough.
Why Bullish?
1) The bears are exhausted - this is indicated by the ‘capitulation’ volume candles. Remember, ‘Extremes in a market is marked by extremes in volume’.
2) Regular bullish divergence between price action and the oscillators is clearly visible on the above 10-day chart.
3) Volume increase + point (2) = very bullish.
4) The most bullish signal of all appears on the 2-month chart below, a Dragonfly DOJI. Those candles are not to be ignored. The further up the time scale the more powerful the signal. Weekly DOJI’s are great, monthly better. 2-month candles are on another level.
2-month chart
#S32 solved. THre you are. One last ray of bullflag then boom!S32
LONDON version
see the text book rotation of gradients in the bullflag. One left to clear and boom!
Tui BuyTui looks like it could be playing out an inverse head and shoulders pattern ready to regain the 200 SMA and start trading higher again
£AZN 1-day classic patternsQ: What has the highest probability of occurring?
After being one of the strongest performers in 2020 during the initial UK lockdown the stock lost over 30% of its value.
In 2021 it has staged a modest recovery but is still over 15% below its all time high requiring an over 20% rally.
There is well tested support at 8100p and resistance at 8775p.
There is 2 classic patterns 1 that has not validated. 1 that has validated.
The bull flag, with a breakout of 8775p, stop at 8100p, and projected target at 10150p. A risk-to-reward ratio of 2R.
The breakout from the bull flag needs to be confirmed by a close outwith both the flag and resistance. A difficult task therefore requiring more time to confirmation.
The double top, with a breakout of 8100p, and projected target at 7400p. Using a stop half the size of the range creates a 2R opportunity.
The stock also pays a 2.48% dividend semi-annually. Given the length of the setup this trade may run deep into 2022 to allow that dividend to be collected.
Although before that point there will be 2 earnings releases adding volatility to any potential positions held.
The short trade is therefore not of interest here however considering it has validated this may act as a catalyst for the long side. But again it is not yet validated.
After 4 years is Direct Line breaking outSlow progress, but DLG looks to be moving on.
It's been forming a rough inverse head and shoulders for 4 years and is slowly breaking out.
#CBX – Momentum beginning to follow price swingPrice now has bounced off Pre-IPO price and looks set for a run into Q4 as results bring the company into the blue as it received its first shipment of the product CBG in July… still on track for Autumn launch of skincare range
EasyJetEasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. EasyGroup Holdings Ltd is the largest shareholder with a 15.269% stake. It employs circa 14,000 people, based throughout Europe but mainly in the UK.
An RSI based on Constance Brown's workCreated for ZmDm, this is a an RSI that plots four zones throughout: the Bear and Bull buy zones, and the Bear and Bull sell zones. Brown suggests the important moves are the ones that happen closer to the midline (in any oscillator), hence the four zones.
You would use this alongside other indicators.
Rolls Royce, Surging. Biggest Mover In Stoxx 600 Today (+12%)Rolls Royce, Now Surging. Biggest Mover In The Stoxx 600 Today (+12%)
The share initially stalled, but has started a big move, on volume. Internally, we discussed this at 111.90 (now +31%). Potential gap close at 182.00
I also published on this platform just over a month ago on 25 August:
For more insights and real-time ideas, get in touch today.
#GWMO – Sitting in level up strong support, ready for Q4 newsAfter discovering gold at shallow depths in multiple holes in its first exploration drilling at the Rock House project in Nevada, US, they are poised to announce the potential and results to the Trafalgar Hill step-out drill programme in Q4
RR. Said it and ill say it again. LONGRolls royce has been a long for a long time. anything under £1 for rolls is a winner simple had a whole 18 months to buy it at this price. is now broken out of the resistance at 135 range with ease. i suspect at this 145 levels as its overbought itll pull back and set new resistance as new support filling the gap so good oppotunity to buy around 135. id then be going long until 170-185 range where id look to sell as it fills the gap. but then buy and hold again. Come on its rolls royce.
#KZG – reached area of significant value, set for big Q4Joint venture between #MVVIVE and #Kazera is expected to increase six-fold to 35,000 tons of gravel per month.
Profits from the joint venture, which will become operational by 1 October 2021, look for a strong bounce from these levels
RMV - BTFDThis is a slow accumulator for me. Interested < 680 if/when AVD gives positive divergence and a bullish pattern develops.
#znwd – Lithium in huge demand, #Zinnwald set to capitaliseThe Government has pledged massive targets every year to encourage the adoption of EVs. #nissan and German and Italian car manufacturers produces EVs for Europe, highly positive for those mining and resource companies with assets close at hand
Tight stop at £16.94…
#lnd – reached area of significant value, prepare for a bounceQ4 should be strong as results of their BAM golf project are due and balance sheet looks set to go into blue.
Junior Lake portfolio for battery metals look prosperous as well, all coming in Q4
#PAT #PANTHERARESOURCES #PANTHERA – looks set for a big Q4Reaching a significant area of value just as they hit Gold in their new exploration programme at the Labola project.
The results are likely to be incorporated into the maiden resource estimate currently being prepared, results will be announced in Q4.
Dark Trace - Cycle Theory ForecastReally interesting corresponding cycle crossover.
Disclaimer: I am not a financial advisor. This is not advice. This is factual information based on my proprietary models.
HSBC (HSBA)This has to be considered as a trading idea. If Evergrande should fail, HSBC is one of the main holders of the securities, between January and July, HSBC added 40% more in Evergrande bond shares, but total portfolio exposure is down to 1.22%. Are we really sure that there will be no contagion on financial groups?
Big volume on Friday for easyJetFriday's massive volume shows that traders and investors are betting on easyJet to turn it around. One day does not make a reversal although the high volume seems compelling.
