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Daily charts comprise of a single trade recommendation for either a commodity, FOREX or equity CFD trade. It provides comprehensive technical and fundamental analysis, definite targets and a risk rating. The report also includes charts for the trade instrument specified in the report.
The chart of Serco has traced out a slightly unusual pattern given the way the wider market has acted recently, and after a short period of consolidation the shares look ready for another impulsive move.
Recent market action has again highlighted several divergences within various sectors, and one share that has remained firmly in its longer term trend is 3i Group. It looks as though the short term action will give rise to an excellent trading opportunity here.
There has been some divergence recently between the price of crude and the performance of certain major oil stocks. The pattern at BP looks very interesting and we could be on the edge of an impulsive move fairly soon.
Volatility in the financial sector has remained high, but there have been some clear trend moves in the last few days as the banking results season develops. We are beginning to see some fairly hefty volume, and a major gap in RBS today provides a good trading opportunity.
We are not afraid to take losses when stops are hit because of a rise in volatility but if the underlying trend remains valid, it is worth another go when there is a decent set up. This is the case for Tomkins after an important set of results yesterday.
