Member Info for AL75

Market weakness means shares like AAZ will give up some gains before possible continuation. 60p - 63p next stop.

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/

10/10/2018 7:30am
At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 10/10/2018 7:30am, pending an announcement.

Agreed. Why buy on the way down, when traders should be buying the dips on the way up?

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/

Island Girl,

Just a technical observation. Maybe you're right?

Gravestone doji on yesterday's daily chart. Could indicate it's time for a pullback?

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.

The height of the head from the resistance line is 80p, so a technical trader would set a target of 290p.

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.

Thanks Banter. What's your thinking behind setting a £1.50 target?

XPT/USD, the dollar price of Platinum, reached $752 in August 2018. That was the low 10 years ago as a result of the financial crash. It has also been in a downtrend for over 5 years.

So based on the facts, XPT/USD is nowhere near bullish. For it to reverse, start an uptrend and help the miners, it would have to go over $1200. So, it has a long way to go.

Confused direction for CNA on the daily chart. 2 consecutive patterns one which was bullish and the other bearish.

https://uk.tradingview.com/chart/CNA/j9zNwGRD-Centrica-2-consecutive-H-S-patterns-Interpret-that/

Good recovery play. Today it gapped above 274 and should be bulllish although trend is still down and it's a long way to fill the gap at 511p.