Easyjet in Inverted head and shoulders?EasyJet - 30d expiry - We look to Buy at 351.1 (stop at 332.9)
A bullish reverse Head and Shoulders is forming.
Levels below 350 continue to attract buyers.
Bespoke support is located at 345.
We look to buy dips.
This stock has seen good sales growth.
338 has been pivotal.
Our profit targets will be 396.6 and 406.6
Resistance: 375 / 400 / 430
Support: 360 / 345 / 320
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses
IHG: corrective waveA typical 1, 2 and 3 wave pattern is busy unfolding.
It appears that the price action is busy with wave 4, which is a corrective wave.
The net movement of corrective waves is against the trend at one larger degree. Corrective waves typically consist of three sub-waves.
The target is set at 4650, which is just below its 200-week simple moving average.
Crossing above 4840 will negate the corrective wave.
FRAS: bull flag pattern?It seems like a bull flag pattern is busy developing.
A price action above 870 supports a bullish trend direction. Further confirmation above 890.
Crossing below this level will negate the bullish trend and acts as a stop-loss.
Increase exposure from a break above the 910 resistance.
Decrease exposure for a break below the 880 support.
Target is set at 950.
Remains a risky trade as the price action is already in overbought territory.
LLOY being a good buy at IH&S highs?Lloyds Bank - 30d expiry- We look to Buy at 43.71 (stop at 41.98)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 43.70 now becomes support.
We look for a temporary move lower.
Support is located at 43.70 and should stem dips to this area.
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
A break of support at 45.30 should lead to a more aggressive move lower towards 43.70.
Our profit targets will be 47.88 and 48.88
Re
Barclays gains to be capped.Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52)
175 continues to hold back the bulls.
Broken out of the Head and Shoulders formation to the upside.
The primary trend remains bearish.
Bespoke resistance is located at 173.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance could prove difficult to breakdown.
Our profit targets will be 157.12 and 152.12
Resistance: 162.50 / 167.00 / 173.00
Support: 155.60 / 150.
Breakout about to happen on London Stock Exchange Group (LSEG)Price movement is primarily trapped inside the triangle formation, however if we examine under the bonnet, the most recent lows are high lows, that being said, the corresponding highs are a mixed bag.
The bias for the direction of possible break out is, therefore, slightly tilted towards the upside.
BARC to break from IH&S.Barclays - 30d expiry - We look to Buy a break of 152.62 (stop at 145.44)
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Short term bias has turned positive.
Prices have reacted from 132.06.
A break of the recent high at 152.22 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be 170.78 and 175.78
Resistance: 151.00 / 160.00 / 170.00
Support: 143.00 / 140.00 / 132.00
Disclaimer – Saxo Bank Group.
Please be
LLoyds Bank in inverted and shoulders.Lloyds Bank - 30d expiry - We look to Buy a break of 43.71 (stop at 41.98)
Trading has been mixed and volatile.
A bullish reverse Head and Shoulders has formed.
43.62 has been pivotal.
A break of the recent high at 43.62 should result in a further move higher.
The bias is to break to the upside.
Our outlook is bullish.
Our profit targets will be 47.88 and 49.88
Resistance: 43.60 / 45.00 / 46.50
Support: 42.00 / 40.50 / 38.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alo
LLong
Barryroe Offshore Energy Long for strong upside.Barryroe Offshore Energy Long for strong upside.
We could see a strong continuation of the impulse after consolidation here.
BLong
GBP expectations GBP CPI can push the chart to the upside… its Bulls time #Redbull gives me wings#to the moon
GLong
INF: further upside potential?A price action above 560 supports a bullish trend direction. Crossing below this level will negate the bullish stance.
Consolidation price range between 565 and 585.
Crossing above 585 might support the pride action to reach 615.
MACD bullish crossover supports a bullish trend direction.























