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Burberry may turn around soon? EW sequenceBurberry (ticker: BRBY) reaching ~14 years lows, where the risk /reward ratio for the mid/long term starting to be favourable. I have two scenarios sketched out on the weekly, white being a 5 wave up, in which we finished 3, followed by a yet unfinished irregular flat structure as a wave 4. Yellow suggests a 3 count move up as an (A) wave, working now on the (B) wave, and later (likely several years) a (C) would follow in 5 subwaves. In yellow I would primarly expect a deeper cut in the (B) wave also as an ABC structure, where we likely nearing the A wave bottom in the foreseable future. In both scenario a move-up should be imminent, white to start the wave (5) to the upside, and for the yellow it would be the B wave. For the yellow I put there the resistance levels, but be aware, as price cuts deeper (IF), then we need to adjust that red resistance fib box. Now, the movedown already consist 5 waves, so technicly we could be near to the local lows, and also in support already (hence the post). Next levels to watch: 951, 885, and 834 and 768 as bigger fib support levels. Weekly RSI is oversold despite MACD is weakening, On the daily we are building divergence already, so far all the meaningful MA's (9/21/50-52) currently rejecting price action, and far below the 200day MA.
LSE:BRBYLong
by tommtajlor
ROLLS-ROYCE HOLDINGS PLC*safe investment opportunity - low risk* Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame. A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong support during the ‘everything bubble’ resulting in the printing of a Dragonfly DOJI candle. Cleary buyers were keen to get exposure to this oversold stock. An ‘incredible buy’ opportunity is now indicated on the 10-day chart below following an oversold condition (orange column). Price action currently finds support in the bullish half of the Bollinger Band as volume increases. A buy from 66-100p is amazing if you can get it.
LSE:RR.Long
by without_worries
36
Centrica - bullish divergence*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of the Bollinger band as the mouth is constricting, which suggests a big move is coming. On the fundamentals Centrica engages in the provision of energy and supply services. There is no end of ‘bad news’ stories on the business. Pay no attention. The only news you need is the headlines in the charts, and they look amazing. A buy above 42 is good. 1st target 115 2-month chart - broken RSI resistance following oversold condition: 3-month chart - bullish morning star + confirmation
LSE:CNALong
by without_worries
20
NG - Multi year Asc Tri - will it close the gap and pop 30%? If bullish - prior triangle broken down, ends up touching BAGL for limit order fill Still have prior leverage from prior Asc Tri aggressive limit order filled on BAGL Decided not to close out on stop as gapped lower - nurse maiding the trade Bullish case is to hold on and see if the gap fills setting sell order inside top of gap Then to re- acquire if the price goes back for another BAGL touch Disclaimer - purely for fun, and interest only. But I will give a huge smile if it works out! This would be a great example of how to manage a trade when the MM gap through your stop on unpredictable new news. Now that the election in UK - voting today right at the resistance point which is also interesting On yearly patterns these can be forgiving if you find yourself underwater in the red on a trade due to aggressive early entry. What is the best thing to do take the loss or manage your way out of the trade. I choose to manage the way out and I am now today OK. So would I if I consider the bull case enter again long here to grab the gap ? I think so, if I am wrong its enough time to get out flat. If I am right and the Asc Tri breaks up then you are looking at 30% return for an almost zero risk. If we have another leg down to the BAGL look to fill with limits if bullish
LSE:NG.Long
by William_Playfair
Risk On ! US Stock Market Sell SignalThose who have been paying attention this week have recognized that the S+P 500 has violated it's Ascending Triangle Technical Pattern, on the Daily Chart with the market leading semiconductor stocks leading the selloff. I had warned you about this in my last post, if Nasdaq 100 Futures were to break 20000. When the market's strongest stocks start to finally give way, there's high risk on the horizon. "Sentiment" Observations, also show a marked warning message. 1. Market Vane's Bullish Percent Poll of Traders is now at 71 %, this week, nearing a record level of bullishness for stocks. When this many are bullish, it's actually frightening 2.Delta Market Sentiment Index, Internal Measure of Strength ( Published Weekly In Barron's) now shows a reading of 47.3% importantly below 50 % Demarkation Line When that occurs, risk become elevated, and stocks should be sold. If the S+P 500 rallies next week back to the violated wedge trend line, use that opportunity to get short the market, while theres still a chance. If the market starts to fall,.. it could cascade straight down. THE_UNWIND WOODS OF CONNECTICUT
LSE:SPXShort
by The_Unwind
WISE | Arrived To The Potential Reversal Area!Hi, A lot of criteria match inside the possible reversal box and it stays between 616-716: 1) The trendline. If this week closes deeper than the previous week then it is a bit weaker and the setup becomes also weaker. So, quite an important week for Wise. 2. Different types of Fib levels. 3. Channel projection 4. Equal pullback waves from the top 5. 700 as the most important prize zone within two years. Do your homework and if it matching with mine then you are ready to go. Good luck, Vaido
LSE:WISELong
by VaidoVeek
The RR tea leaves confirm take-off from gate 435 The RR tea leaves confirm take-off from gate 435 with a cup with a handle printed and an initial target suggesting a potential up-target move of some 9-10% i.e. onward flight path upwards into the 470's zone. Meanwhile, the cup with handle also unfolded on the SP500 after breaking out of the clouds on the daily time frames on May 10 and its trading range above 5250 and is now heading north towards high 5's 5555 - IMOO DYOR GLA
LSE:RR.Long
by kristensens64
2
ULVR HuntLooking to catch some reversals at the shapes in this project for anyone interested in UK stock market. I have a higher level of confidence in the projections of simulated scenarios which should catch at least one more reversal at any of the shapes. Will update follow up analysis on any relevant or interesting Japanese Candlesticks patterns or setups. In this project the rectangles are not necessarily support and resistance zones as in most nen projects. This one on the other hand is focusing on the longer term on the daily time frame making the potential anticipation of any reversals, inflection or pivot points, quite a challenge. That being said, if the project catches more than one inflection point at an element, it raises the legitimate questions regarding the normal expected distribution of events and the probability of such a result while also considering the aspect of determinism in the grander context. Project dedicated for the curios minds, the thinkers, the questioners, and the observers. May the force of Mathematical Advantage or edge and profits be with you!
LSE:ULVR
by UnknownUnicorn903284
3 UK Stocks to WatchLet’s take a look at three FTSE 100 heavyweights demonstrating high levels of relative strength. Barclays (BARC): Strategic Update Sparks Share Surge Barclays' share price has been in a powerful uptrend since unveiling a strategic update in February. The bank's three-year plan includes significant initiatives such as: • Cutting costs by £2 billion • Returning £10 billion to shareholders • Investing heavily in its profitable UK arm Barclays plans to allocate an additional £30 billion in risk-weighted assets to its UK retail bank by 2026. As part of its restructuring efforts, the bank will review its payments business and has introduced a new organisational structure with five operating divisions. Additionally, Barclays announced a total return of £3 billion to shareholders for 2023, including a share buyback and a final dividend. On the price chart, shares have been consolidating sideways in recent weeks, forming a box pattern. This high and tight consolidation indicates trend continuation, and momentum traders could consider buying a breakout above the consolidation box with a stop loss below it. BARC Daily Candle Chart Past performance is not a reliable indicator of future results Experian (EXPN): Data Dominance Continues Experian's dominance in data continues as the company reported strong financial results and a promising outlook in its recent full-year results. For the fiscal year ending 31 March, Experian showed impressive market strength, with organic growth reaching 8% in the fourth quarter and 6% for the full year. This performance exceeded analyst expectations, causing the shares to gap higher. Total revenue from ongoing activities surged to $7.06 billion, reflecting an 8% increase from the previous year or 7% growth at constant exchange rates. Underlying profit (EBIT) saw a notable rise, increasing 7% to $1.93 billion, further solidifying Experian’s financial standing. With shares consolidating sideways, trend continuation traders could consider buying at support or waiting for a breakout above the consolidation highs. EXPN Daily Candle Chart Past performance is not a reliable indicator of future results Vodafone (VOD): German Growth Resumes Vodafone has significantly underperformed the market in recent years with growth stagnating in key markets. However, the telecom giant’s recent trading update highlighted the progress of its turnaround plan, noting Germany’s return to growth following the divestment of its Spanish and Italian operations. Under CEO Margherita Della Valle, Vodafone has embarked on a transformation, streamlining its operations and addressing underperforming markets. Despite a 74% decline in FY24 operating profits, primarily due to exceptional gains in the previous year, Vodafone remains focused on cost-cutting measures, having already reduced its workforce by 5,000 roles with plans to cut an additional 2,000 positions as part of a €1 billion cost reduction target. The market has responded positively to Vodafone’s recent updates, with shares surging through key resistance in May. After retracing within a small descending channel, shares are starting to break higher again, signalling that Vodafone’s recovery may have further to run. VOD Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
LSE:BARC
by Capitalcom