FTSE 100 has suffered enough! This bloodshed must not go on any longer for the sake of the UK and its economy! Major support hit. Ranging below that, we could be in for some serious turmoil which I really do not wish to experience first hand. If it maintains its support level, we could see a slow range up to the three targets listed. We shall have to see how it...
By popular demand, here are my revised predictions for Barclays over the next month or so. I will mark this chart as long, but READ THIS DESCRIPTION . I am not indicating that you long from the get go. Please read my thesis to see when and how you should enter these positions. Barclays hit the initial target I set almost instantly. From there, it's been...
A classic head and shoulders by the almighty Zoom. It's not unlikely that their run is coming to an end, but we could see a bit of upside before we suffer downside. I would expect a bit more reactionary price action before the main crash. We have a textbook Head and Shoulders forming, with a consistent neckline in line with the hourly open. This has been a stock...
HSBC is the best bank stock to buy and hold right now. Note the hold element in that statement. Take security in the support level mapped out @ 20.50. This is very likely to hold, but we could be in for some consolidation here. It's very likely that HSBC will hit the target in the 'entry price'. From there, we have two scenarios. One is that it lifts off from...
The Head and Shoulders are back. NZD looks primed to face a drop over the next couple of days, printing what can only be described as a textbook head and shoulders. Unfortunately, the only risk on this trade is that there is no specific neckline, which makes take profits a bit hard to mark, and makes the trade a bit inconsistent. However, I have high faith that...
Airbus seems to have reattached its wings and started to sort itself out. We can see that Airbus has been following a rather dull yet certainly apparent trendline as it attempts to pull itself out of its miserable slump. The price has now taken off of this trendline and is pushing hard up towards the target marked onscreen. Whilst not visible, the price is also...
RBS faces its earnings tomorrow, which although may be patchy, should not be cruelly wounding to their overall growth. We have a beautiful sign of a golden cross forming here, as seen highlighted within the blue circle. We have a previous divergence, leading up to us sitting on top of the marked support. It's clear RBS is interested in sitting at a higher level...
Take Profit 1 is situated at Bitcoin's first major resistance Take Profit 2 is situated at Bitcoin's most resilient area before it hits 5 figures. The Stop Loss is situated at Bitcoin's major support during the month of April.
This is probably one of my much riskier trade propositions. Visa has its earnings report published tomorrow morning. It's very easy to tell that, yes, VISA will report a loss. However, my proposition is that the earnings loss will not be nearly as substantially bad as first expected. Alongside that, we have a clear divergence off of the trendline, now heading...
Microsoft has experienced its first golden cross since Feb 2019. Upon its previous occurance, Microsoft rallied from 108 to 190. I am not suggesting this will happen again, however. It’s very likely that Microsoft will see a double top before a fall back down. I would, from technical indicators, suggest that MSFT still has an interest in following the mapped...
Barclays earnings will push the price upwards tomorrow, they will still pay dividends even if their earnings report is weaker than expected. Expect either a straight push to the first target, or a follow along the trend line until the consolidation period is over and the big push out of the range occurs. Great long term hold especially with bullish divergence!
TradingView won't let me type any description as apparently I'm 'breaking house rules', whatever that means.
A very shallow observation, but potentially still profitable. A bull flag appears to be forming on the hourly chart. The breakout could occur either around 6-9PM BST this evening, or if it decides to reside towards the lower range for longer, tomorrow throughout the day. If it loses the flag formation, however, it’s likely to range below the trend line until it...
What a terribly cheesy title. We can see that ETH is gunning for $200. It’s more of a matter of when rather than if, but there is still profitable opportunities outside of that range. I have suggested one here. It’s likely that the neckline of the Head and Shoulders will prove as resistance for the time being. We can see that as Ethereum has been denied its...
*DISCLAIMER* I actually created this chart idea at the green arrow. For some reason, TradingView will not let me publish this idea, and therefore it has taken me several days for me to get it to work. However, it proves that my initial thesis was indeed correct, and should suggest that it is perhaps actually occurring. it still won't publish, so let's see how...
Last week was a poor performance from USOIL. Originally stretching into the 26.01 - 27.18 - 28.27 range on Friday morning, it appeared that oil may have been on a resurgence. Unfortunately, this was relatively short lived, as we saw a pitiful drop back down into the $23 area in the evening, moments before the futures contracts expired and the markets closed for...
BTC fell in the early hours of the morning today (GMT) and whilst the general trend looks bullish with Bakkt coming, the outlook is bearish for now. On the chart, I have presented clear support and resistance lines, as well as a long profit position. Bitcoin has reached that $9,400 position multiple times since late June, and it will be no surprise if we see a...