Member Info for AL75

So far the good news has been received with a gap up in price but a reluctance to go beyond 32p resistance. Let's see how the day, and the next few weeks, play out.

PS: Nov 14 and Apr 17 represent a support/resistance line of 28 which is think is behind us now.

Broken out from 79p resistance:

Here's my analysis: https://uk.tradingview.com/i/r8yBhlLf/

Downside theory is 123 will remain resistance following the 123 achieved at Jan 2018. Since then, a head and shoulders pattern has formed and 82 is possible.

So, in the next few weeks/months the price has to break 142 to invalidate that pattern.

Broke from 106 resistance yesterday and a nice second move today to continue the move.

Here's my analysis:
https://uk.tradingview.com/i/4aIAOnuJ/

Perfect Head and Shoulders pattern completed today, which started in May 2017. At the beginning of the pattern, it looked bullish until June last year when the rally petered out. #bearish (and same sentiment for IAG too)

The exception tot he rule. My prediction came true the day after. If only they were all like that!

Yes I did. IGAS was a technical forecast made at 98p. The price then went to a low of 68 and rose to 97 and is now 81. If your time frame is small and your timing is right, then you could make money on the long side in a downtrend.

In ZOO's case you could argue the gap will get filled at 115p and therefore buy now for a good forecast gain.

Here's some examples of contrasts, oppsites etc. They appear everywhere: Night/Day Black/White Yin/Yang, Newton's 3rd law and so on. In the markets there's Long/Short and Buyers/Sellers. It's just a feature of life and if you're a perm bull, then you have to get used to the fact that not only are there sellers at market but short sellers betting on the future. Trading is not about long or short but about being profitable and minimising risk.

Good luck with your trading.

The market has hammered Zoo on a weak trading statement. Bulls and bottom fishers beware.

My opinion on the chart:
https://uk.tradingview.com/chart/ZOO/urUNoEYo-ZOO-s-in-the-doghouse/

My opinion after today's announcement:

https://uk.tradingview.com/chart/PETS/dkEsFtRj-Reversal-for-Pets-at-Home/

I'm bearish after Sanne broke below 581

Here's my analysis: https://uk.tradingview.com/i/KEqcCBRn/

This is the 1st piece of bad news for a while. Remember in August 2018 when the headline was "RBC Capital reiterates 'top pick' on ASOS, says margin fears unfounded". This was followed by a good results in Oct which boosted the price to 61, but ASOS then lost a third with only one minor pullback. Now today's news and a circa 40% loss so far. Time will tell, but ASOS remains strongly bearish with 0% chance of a recovery yet. Caveat Emptor!

DYOR is posted many times on these sites. It means take my opinion on board, but if your making a trading decision then research it yourself and be accountable to yourself, not Goldman or any other broker/analyst. If you're a regular trader start hitting the books to "do your own research".

PS: As for BT, 266p is resistance and it needs to break that to head up to 278. Could fall back to 240 ish as well.

Should have said 188 is resistance/support which goes back to Jan 2011 and has been touched multiple times.

We've reached resistance at 171 which was made in Sept. If broken, next stop is 188.

They used to say, "Mothercare goes up to 10"

They never considered it could be, "Mothercare goes down to 10"

Vodafone has gone ex dividend today, hence the fall. Nothing to do with anything else at the moment.

Not quite. The market is saying that a 10% dividend means the shares are very risky. Next stop 120.

I'm always amazed to read the contrarians on the 1st day of bad news. I can't fault you for optimism, but the chart is telling you a different story, which also needs to be played out in the short/medium term.

KCOM was in an uptrend but couldn't break 110p. The business, reflected in the share price, has been going nowhere since late 2015, although the market wasn't signalling a fall. Then comes today's statement and that's all changed. Today's news also broke the bull trend and it's very likely it will settle back to 47p unless they can produce better results.

So many stocks are making H&S patterns and Tesco is one of them. It started in Dec 17 and the neckline is 197. Although Tesco made a higher high from March 2015's 243, it is not bullish and is also below it's 200 daily and weekly moving averages. Caveat emptor!