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Another Level – Today’s Key Charts - 6 August 2018

Where next?
  • Will the price fall towards lows of 4098p (-2.4%)? or;
  • Will the price rise towards highs of 4488p (6.9%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Uptrend since June
  • Moving back to February highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 534p (-2.7%)? or;
  • Will the price rise towards highs of 572p (+4.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rising channel since April
  • Record highs in June

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 734p(-7.7%)? or;
  • Will the price rise towards highs of 905p (+13.8%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rising channel
  • Bounced from channel floor
  • Back to 2018 highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 974p (-10.4%)? or;
  • Will the price rise towards highs of 1293p (+19.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bullish breakout above 2015 highs
  • Rising lows support dating back to 2016
  • Next hurdle close to early 2014 highs

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 1119p (-4.0%)? or;
  • Will the price rise towards highs of 1279p (+9.8%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bounce off rising support
  • Bounce off July lows
  • May-July range trading
  • Back to 2018 highs?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 396p (-2.2%)? or;
  • Will the price rise towards highs of 434p (+7.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Range trading
  • Bounce off July lows
  • Back to range ceiling?

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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Prepared by Michael van Dulken, Head of Research
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