Weekly Review | 28 June 2019

 Barclays Bank Review

Weekly Review

 
Wave Analysis:
During the previous trading week, Barclays bank shares declined perfectly as forecasted and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the upper resistive trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may breakout below 7.15. If this is true, that the price breaks below this level, then further move even lower is expected.
Trade Recommendations:
Look for a long term sell orders towards  7.15.
Boeing Weekly review
Weekly Review
 
Wave Analysis
Perfectly as previously forecasted, the shares of this company rose tremendously and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 331.20, we expect nothing but a possible momentum to the upperside. As it is on the daily chart attached, we’ re waiting for a clear breakout above 415.90 to pick a long term buy order towards 458.50 or even higher. On this chart, we only recommend looking for a buy order. Only a break below 331.0 will attract a long term sell.
Trade Recommendations:
Buy the shares of this company above 415.90 to pick a long term buy.
Lukoil weekly review
Weekly Review
 
Wave Analysis:
According to the daily chart attached, Lukoil bounced off from 5011.0 and is currently heading to the upperside. We expect the bounce from this level to have marked an end to the corrective wave (iv), that the current bullish price rally is the continuation of the impulsive wave (v) to the upperside to breakout above 5953.0 towards 6000 or even higher. As it is, we’re only waiting for a pullback to pick a low risk buy order. Alternatively, you could wait for a breakout above 5953.3 to pick a buy position..
Trade Recommendations:
Look for a long term buy order towards 5953.0.
 
Bob Stan
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