Zak Mir, Technical Analyst for Zak's Traders Café, joined Nick Batsford, CEO at Tip TV, to discuss the technical outlook for key markets and single stocks.
DAX: The German equity index remains the most liquid and the most difficult market. On the technical outlook, Mir suggests using any strength towards 10840 as a selling opportunity.
WOS: Targeting £34. Vodafone: Impressive chart, in a rising trend channel. Use the dips towards 220 as a buying opportunity for an upside target of 240.
EXPN: Buy on dips towards 1150. Target 1220. Lands securities: Loss of the 200-DMA, heading back towards £12.
National Grid: In a rising trend channel. Heading higher up to 960-965 while above the 50-DMA.
BHP Billiton: While below the August low negative bias remains, and the stock might see a new leg down towards 8.30 GBP. SMA: Support at 0.6p, above this the stock can retrace higher.
MYSQ: While above 50 DMA, looking for 9-10p.
WSG: 200 DMA target hit, Weekly close above this required for further gains.
COP: Needs a break above 5.25 to go higher.
INSP: Toying with the 200-DMA. New leg to the upside possible above 1p.
MOS: Bullish above 12p.
For the technical analysis on Stoxx 600, DAX Futures and Stoxx Oil and Gas Sector, by Geoff Wilkinson of Linear Investments, watch the video.
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