Closed our current holdings of Diago waiting on the pivot pointsAfter closing out our current CFD positions in a fairly good green for the week the charts are showing a retractment is in order and the Stochtastics are showing a very over bought on the daily chart. by Willscubatrader0
Diageo... Viva Tequilla Bull Based on technicals Diageo looks to move long back into the daily trend. Diageo will pay $700 million up front for four-year-old Casamigos Spirits, co-founded by Hollywood star George Clooney and two of his friends. Who doesn't like tequilla or Clooney? Worst case scenario.... yet another celebrity pump and dump. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk. Longby fionnablack4
Hoast of indications for a potential rise in Diageo.Despite the recent rally in the FTSE 100, Diageo has lagged the market. However, potential buyers may come in around 1757 as this is: 1 -the base of the tram line I have drawn in. Tramlines offer great low risk entries and you can often anticipate where the price will bounce by locating a trend line and then drawing a parallel one through the lowest low like I have here around 1700. 2 - the 1757 area has been a level of support in the past-see olive circles 3 - the 1757 area completes an A-B-C corrective wave where A and BC are equal in length 4 - the Stochastics are oversold and showing a little divergence Target of 1950-2000 depending on market structure up to this point. Stop at 1720 for a low risk trade. This is just an opinion, not a trading tip. Lets see what happens!DLongby TomP0
DEO, NYSE due for meanreversion LONGDiageo Plc had a nice gap down 2 January that moved the stock into oversold territory based on Quant based approach that I have used for a very long time. I have traded US stocks under certain criteria with live recommendations since last January 2014 and until late autumn with fantastic results that I will publish here shortly. The approach is simple and based on testing from both ETFs and especially SPY back many years to get the quant basis for this setups. I will also publish these results shortly. Today this stock is one of the promising candidates. I recommend going long on the stock primarily on the close we had on 2 january. But often you will get even better setups going in the following day. You can either enter market (regardless if price gaps up or down or opens at Fridays close. I have tracked the results with best results going long the following day of the signal on daily setup with either enter at yesterdays close or better or preferably at a limit 1% below the setup bar. Stop and target is dynamic. That means I have both stoploss and target at CLOSE above 5 MA on daily. If you would like a faster partial exit you have multiple choices for that. I suggest if you want to use partial exit to look for exit on close above 50 CRSI or 70 CRSI. My prior setups that I have logged have all been based on exit on 5 MA. I have already posted several of these setups already. I have to add that some of the earlier published setups have not has as strict filter setups as this one that is based on my proven system. SETUP: Long at 112,24 or better OR Limit 1% below 112,24 Stop 5 MA Target 5 MA ( Optional: Partial exit @close above 50 CRSI or 70 CRSI) REACHED TARGET: Another winner 8 January.Longby MajorHunter112
DEO Starter Position IdeaBeen looking to start another position in this company for a while now. I'm looking to add a starter position a trendline support for my long term account. My friends and I love the the products ;) I always welcome and appreciate opinions!by Circa910