ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

Blackbird Price: BIRD Surges, Approaching 7 Resistances

Share On Facebook
share on Linkedin
Print

It is important to take note of the way that the price actions have been giving in back to a reversal, given that Blackbird Plc (LSE:BIRD) now surges, approaching 7 resistances.

There is a discernible reversal force at work in the current scenario; therefore, the oscillators’ passage through the overbought level shouldn’t stop. The larger moving average is currently hovering around 5.49, serving as an important trend line that supports the stock market’s trading style.

Resistance Levels: 7, 8, 9
Support Levels: 4.5, 4, 3.5

In the event that the price of Blackbird Plc stock trades in an overbought area, is a consolidation movement style possible?
Looking at the systemic positioning outlook of the moving averages at this point, the buying pressure has to keep rising above the base of the current bullish candlestick above the line of the larger moving average, given that the stock trade presently surges, approaching 7 resistances.

After reaching the point of 5, the 15-day EMA trend line began to curve from beneath the 50-day EMA trend line. The stochastic oscillators have entered the overbought area and are moving northward. This means that customers should proceed cautiously before pressing for larger orders.

Learn from market wizards: Books to take your trading to the next

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com