Posts tagged 'CABLE'

Last week's gains in GBPCAD were more modest than the previous week's upside but they were enough to confirm a change in investor sentiment to bullish.This is because this improvement took GBPCAD above the 21 week moving average for the first time in 3 months. Importantly that break confirmed a similar 'golden' cross of our RSI... read more

Project Fear - Implications of Brexit... a guest article.by Jeremy RaybouldPrivate Equity and Alternative Investments Specialist/Investor Relations and Equity Fund Distribution. Partner at Lancea LLP Brexit and Binary: when it is or when it isn't - or neither?The UK's EU referendum is, on the face of it, a binary event: either yes or no. Either of the 50:50... read more

....The background to medium term analysis to CABLE has to be the bullish inverse Head & Shoulders pattern that the chart below shows.This year's trading has been dominated by downside attempts in January, March and April that formed the three bases that create the Head & Shoulders formation. This pattern very often confirms a strong change... read more

...Our bearish forecast for Q4, following a strong decline in the preceding 3 months, was justified. Sellers continued to dominate, although with reduced momentum, after a limited profit taking bounce in October and our first downside target was met. Although Dec’s lows were not held and 5th down month from the last 6 and negative technical... read more

A sequence of 3 lower CABLE highs ended last week. The preceding week's stalling at a 50% correction level proved crucial and as buying became more pronounced. In fact gains of almost 3 big figures turned weekly sentiment clearly positive, especially with the market bought at higher levels on each of the last 6 days and... read more