Weekly Review | 08 March 2019

Barclays Weekly Review 

Wave Analysis

Since April last year, the shares of Barclays bank has been on the loosing end. By the end of last year, the shares of this company was as low as 7.25. However, earlier this year, the shares of this company is showing signs of rising.  Following the break above the three simple moving averages, we expect a possible momentum  even higher. The anticipated bullish price rally is the continuation of the immediate corrective three wave cycle and should get straight towards 9.35. As its is look for potential buy places towards 9.35.

Trade Recommendations:

We're looking for possible buy opportunities towards 9.35.

LukOil weekly Review

Wave Analysis

Since September 2017, Lukoil has remains above the three Exponential Moving Averages 52, 152, 200. As we mentioned few months ago, while the price is still above the three Exponential moving averages, we expect nothing but a possible momentum to the upperside. The ideal here is to wait for  a correction to the lowerside to pick low risk buy orders. The anticipated move to the upperside is the continuation of the impulsive wave (5) to the upperside and should break above 5654.0 towards 6000.00.

Trade Recommendations:

Wait for a correction towards 5378.0 to pick a low risk  buy order.

Alcoa Weekly Review

Wave Analysis

Since May last year, the shares of this company continued to plunge to the lowerside and is still very bearish. As we mentioned in the previous forecasts, as long as the price remains below the three exponential Moving averages, we expect nothing but a  possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below the level 26.20 towards 20.00 or even lower. If you're looking forward to to trading the shares of this company, you could wait for a bounce from 26.20 to pick a buy or a break below to pick a sell.

Trade Recommendations:

We're short towards 26.20