Vodafone - Rising at 5G speed.Buy Vodafone (VOD.L)
Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe. The Other Europe includes the Netherlands, Portugal, Greece, Hungary and Romania, among others. Its AMAP segment includes India, South Africa, Tanzania, Mozambique, Lesotho, Africa, Turkey, Australia, Egypt, Ghana, Kenya, and among others. The Company provides a range of services, including voice, messaging and data across mobile and fixed networks.
Market Cap: £43.13Billion
Vodafone has had a terrible couple of years as the share price has plummeted from 240p to lows of 122p. There are some encouraging signs appearing, which began with the break of the bearish channel and the formation of a rounded bottom on the daily chart. The break of resistance at 147.86p confirmed the bottom pattern and suggests further upside will be seen over the medium term. The first target is the measured move of the bottom pattern at 174p, beyond that we see the price reaching closer to 200p. In the very short term, the shares are trading in a neat channel, buying interest looks set to continue.
Stop: 151.95p
Target 1: 174p
Target 2: 190p
Target 3: 193p
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Ftse100
IAG - About to flyBuy IAG (IAG.L)
International Consolidated Airlines Group, S.A. is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations. The Company operates various aircraft fleet services, including Airbus A318, Airbus A319, Airbus A340-600, Boeing 787-800, Embraer E190 and Boeing 777-200, among others. The Company, through its subsidiaries, is engaged in providing airline marketing, airline operations, insurance, aircraft maintenance, storage and custody services, air freight operations and cargo transport services.
Market Cap: £9.25Billion
International Consolidated Airlines share price has been hit hard over recent months. Following the sharp move lower we are now beginning to see the shares consolidate and potentially forming a bottom pattern. A break above the resistance at 4878p would confirm the bottom pattern and offer upside potential towards 560p. In extension of that, there is an unfilled gap at 643p, which may act as a magnet for the price over the medium term. The risk/reward is favourable from here.
Stop: 432p
Target 1: 560p
Target 2: 605p
Target 3: 640p
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Vodafone Reversing??Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the RSI since August 21st. The resistance was also provided by a 1.618 extension of the range between points A and B (not shown).
As far as targetting how far the market MAY go, the strength of resistance indicates there's a good chance the market will retrace to the 0.382 level or more. Note that this is one of the strongest horizontal price barriers on this chart. If the market reaches the 0.382 level, it could do so at a point of intersection with another diagonal price barrier such as the example in the pink circle where the 0.75 fan line intersects the 0.382 level.
Equally, breaking through this level to the downside would be a sign of strength in the downward pressure. If the market reaches this level, watch how the price behaves around the level. It will leave very important clues.
Vodafone Reversing??Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the RSI since August 21st. The resistance was also provided by a 1.618 extension of the range between points A and B (not shown).
As far as targetting how far the market MAY go, the strength of resistance indicates there's a good chance the market will retrace to the 0.382 level or more. Note that this is one of the strongest horizontal price barriers on this chart. If the market reaches the 0.382 level, it could do so at a point of intersection with another diagonal price barrier such as the example in the pink circle where the 0.75 fan line intersects the 0.382 level.
Equally, breaking through this level to the downside would be a sign of strength in the downward pressure. If the market reaches this level, watch how the price behaves around the level. It will leave very important clues.
Confluence of resistance for RBSFor a more in-depth analysis, see:
www.quantiumresearch.co.uk
RBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart:
1) Fibonacci fan line
2) 100-day moving average
3) 2.618 extension of a price gap.
The market has retested and responded to the 0.382 trendline from the fan 3 times before now. That makes it a validated trendline and solid resistance in its own right. When this was combined with the 100-day moving average, it gained even more significance. Now, the Fibonacci extension is measured not from a price range, but from a non-price range: a gap! The high of the top candle landed right on the 2.618 extension. This degree of confluence means something.
That being said, the market had completed 5 waves down and developed a bullish divergence on the RSI . If this means the downtrend is over, then today's turn to the downside may be short lived, even it it was initiated by a very strong area of resistance. A very interesting chart to keep an eye on.
An almighty price barrier for RBSRBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart:
1) Fibonacci fan line
2) 100-day moving average
3) 2.618 extension of a price gap.
The market has retested and responded to the 0.382 trendline from the fan 3 times before now. That makes it a validated trendline and solid resistance in its own right. When this was combined with the 100-day moving average, it gained even more significance. Now, the Fibonacci extension is measured not from a price range, but from a non-price range: a gap! The high of the top candle landed right on the 2.618 extension. This degree of confluence means something.
That being said, the market had completed 5 waves down and developed a bullish divergence on the RSI. If this means the downtrend is over, then today's turn to the downside may be short lived, even it it was initiated by a very strong area of resistance. A very interesting chart to keep an eye on.
FTSE - Limited upsideTrade Idea
Prices are extending higher from the bullish flag/pennant formation.
We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729.
Bespoke resistance is located at 7461.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 7460
Stop: 7495
Target 1: 7375
Target 2: 7300
UK Stock Index FTSE (Is the "Dead Cat Bounce" in a making?)View On UK Stock Index FTSE (9 Aug 2019)
Back Ground: A strong BEAR action is met with a strong reaction. Some people call it "Dear Cat Bounce".
Target(s): It can go UP to 7360/7400 as retest (or) you can wait at these regions for a possible SHORT.
SHTF: 7100/7170 region is good support.
DYODD, all the best and read the disclaimer too.
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JD Sports Now Out Of ConsolidationLast post: See link below.
Review: Price was in a period of consolidation.
Update: Price is currently trading out of consolidation.
Conclusion: As long as price can remain out of the consolidation zone, we should see a continuation of the previous uptrend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Boohoo Looking Strong AgainLast post: See link below.
Review: Price was stuck in a large period of consolidation and was not presenting any trading opportunities.
Update: Price has now broken out of consolidation, which lasted over 2 years, and looks interesting again.
Conclusion: We want the current support level to hold followed by a break of the previous high before we look for any long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE - Forming a right shoulder?Trade Idea
Trading has been mixed and volatile.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 7374 from 7729 to 7020.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7375, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Sell at 7375
Stop: 7425
Target 1: 7235
Target 2: 7170
Tesco - Bouncing from the 61.8% Fibonacci supportBUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
Fundamentals
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul over the past 5 years to make the operation a lot more efficient, which has put the company in a good position overall. The operating margin is continuing to rise, and management believe 4% is achievable in the short term. The company looks set to maintain its position in the market and continue to grow its earnings.
Best Broker Target Price: 285p (Deutsche Bank 19/06/2019)
Worst Broker Target Price: 230p (Goldman Sachs 02/04/2019)
Technical Analysis
2019 started off so well for Tesco share holders with the shares rising from 187p to 254p in the space of just over 4 months. The recent decline from those highs has not been so impressive, but some support appears to be forming around the 61.8% Fibonacci support level at 212.7p. There have been a number of bullish candle around this price, which is an indication that buyers are returning.
Recommendation: Buy
Buy between 215-225p
Stop: 210p
Target: 250p
£20 Round Number Supporting GreggsLast post: August 13th 2019. See chart .
Review: Price was on the decline and was approaching £20.
Update: Price has now found support at the £20 round number.
Conclusion: We want to see if the support zone holds and pushes price back up. If it does, then we may see some long opportunity setups appear in the near future.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Ocado - Looking ripe for buying.Technical
Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected from here.
Fundamentals
The company continues to make strides into technology, which offers potential medium-term growth.
Numis reiterated thier 'Buy' rating on the 10th May 2019 with a price target of 1700p
Ocado has announced a string of deals and recently tied up a joint venture with Marks and Spencer.
Stop 1105p
Target 1500p
UK100, BREXIT,BEARISH WOLFE WAVE #RRR of 1:5 (AUTOLINES TEST4)HI BIG PLAYERS,
here I present a new Wolfe Wave in the UK100 chart.
This chart represent the 100 biggest share-companies of Great Britain. In any way we listen about the Brexit and the results of this decision is clear to understand for everbody. A big downtrend will build.
The Wolfe Wave pattern show a bearish incoming side. In addition, the reason for a bearish Wolfe Wave is the rebounce on Fibonacci line 1.382
Acutally the pattern give a Risk-Return-Ratio of 1:5, but this are a weekly chart and shows a longterm bearishtrade.
King regards
NXT2017
==============
MY PERSON:
I'm the second winner of the official German Forex Trading Conpetition in 2018.
Look here to the ranks:
deutsche-trading-meisterschaften.de
I speak german, english and russian.
My strength in trading are Wolfe Wave pattern.