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AO - Lets "not" go - The bulls do not have it!Future opportunity following a weekly green close when it appears. Best buy zone is the accumulation zone, 55% back to all time high levels. This may take several more weeks correct. RSI & MACD continue a downward trend. MA's are not yet corrected. We will be blessed for a Xmas pump if economical and logistical recovery pervails? The confirmation of the RSI, MACD & MAs will confirm AO recovery. AO warned of lower profits for the year, due to the UK’s current supply chain problems. And that’s all down to a shortage of lorry drivers, after tens of thousands headed back to their home countries after Brexit. AO says it now expects “adjusted EBITDA for the full year to be between £35m and £50m, with profits more heavily weighted than usual towards the second half of the year driven by the peak trading period. Source: www.fool.co.uk
LSE:ROO
by JRE1988
2
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
LSE:PFCLong
by without_worries
£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.
LSE:AZNLong
by xciiitradingco
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.
LSE:EZJLong
by tugapt83
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.
LSE:RR.Long
by JamesFlem