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Almost my best prediction so far. Made on Sept 12th:
https://uk.tradingview.com/chart/SXX/Y1nXt43l-Sirius-Minerals-gapped-through-200-EMA-bearish-but/
Today VOD hit the July 2014 support of 149.
VOD is starting a downtrend. How major, only time will tell. Next stop is 143 which was support at Aug 2012, although there could be a pullback before then. GLA, but if you're bullish you need to reconsider the price chart as it's only telling one story.
There's been a move into defensives & utilities, like BT, today as global stock markets significantly fell.
BT was a beneficiary today, but against a sell off it will have to break 240 to make any meaningful bullish move. A fall back to 205 is also possible if the Head and Shoulders pattern completes. In that case it would be a 1 year reversal pattern to complete around early 2019. GLA.
No sign of any reversal yet.
PS: An horrific time for the bulls however their business is panning out. It's a perfect example of taking the stairs up and the elevator down: https://uk.tradingview.com/chart/IMM/Cf6y6ZlR-Immupharma-took-the-stairs-bearish/
I suspected VOD would turn bearish with this chart published in May. https://uk.tradingview.com/i/Fj7cGtI3/
Either way the die was cast earlier in Feb when the a "death cross" occurred between the 50 and 200 moving averages crossed. It seems so clear with hindsight!
PS: The 50 week moving average has just crossed the 200 week moving average, highlighting another death cross in a longer time-frame. For me that reinforces the bearish nature of this stock.
PPS: I used to think dividends this high were attractive, but now I see them as the market's way of telling me the share price is risky. GLA.
I suspected VOD would turn bearish with this chart published in May. https://uk.tradingview.com/i/Fj7cGtI3/
Either way the die was cast earlier in Feb when the a "death cross" occurred between the 50 and 200 moving averages crossed. It seems so clear with hindsight!
PS: The 50 week moving average has just crossed the 200 week moving average, highlighting another death cross in a longer time-frame. For me that reinforces the bearish nature of this stock.
PPS: I used to think dividends this high were attractive, but now I see them as the market's way of telling me the share price is risky. GLA.
After today's action it's definitely a breakout, and with reasonable volume too.
https://uk.tradingview.com/i/DS1xPJu9/
Firstly apologies, I was looking at Tradingview's EZJ chart and the lowest price in Oct 2016 was 851p (Ironically I am booked in at Specsavers for an eye test!)
Secondly, I'm only interpreting the technical view-point, although the fundamentals for EZJ are huge. Yes it's a great business, but it will wax and wane with Brexit and oil.
As for oil, it's hard to see where that will go. Again fundamentals and geopolitics are paramount e.g. Iran, Fracking industry, impact of OPEC etc..
So you have to play it as you see it, and all depending on the time frame you are trading under. GLA
To the Bulls, This may appear far fetched, but EZY could be in the process of forming a large head and shoulders reversal pattern. Even from 1340p the market can drastically fall, and remember it was only Sept 2016 that EZY was at a low of 800p.
Technically EZY is forming a head and shoulders reversal. This could end up with it going down past 1100p if Brexit causes damage to the European Airline market. Who knows?
Chart to illustrate the point: https://uk.tradingview.com/i/Pa5mHIYs/
If you reply, please be factual and constructive.
Despite today's results, BOO is not quite bullish yet. Needs to get past 216 for the next upward leg.
https://uk.tradingview.com/i/ZJkSCMfi/
I agree on "looking good" . Here's my chart to reinforce the sentiment:
https://uk.tradingview.com/i/inrTWBNc/
Hammered due to losses, cost increases and a hollow statement from the CEO. After reaching 100 twice since July, it looked bullish but is now below the 200 EMA. For me, it's changed to bearish.
Warning: My opinion only and do not take any decisions on this statement.