London stocks rose on Wednesday, but upside was only satisfactory after data exhibited that American retail sales growth slowed to a standoff last month. Mondi, Barratt and SABMiller showed vigourously performance on Wednesday which left the impression towards investors.
The FTSE 100 ended the day up 15.83 points at 6,949.63, after hetrogeneous data came, with UK unemployement descending to a seven-year low, French economic growth trounceing forecasts and German expansion figures weaker than expected. If during the day market breaches the support level of 6880 downside after consolidation, then it can test the level of 6820 on the downside and on the upside it has a support level of 6920.
My stock prediction for day traders
ARM HOLDINGS PLC
RECOMMENDATION SELL
TARGET 1035
The Major trend of ARM HOLDINGS PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1103 then it can show downside movement for the target of 1060 with the stop loss of 1131.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 34.33 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
The FTSE 100 ended the day up 15.83 points at 6,949.63, after hetrogeneous data came, with UK unemployement descending to a seven-year low, French economic growth trounceing forecasts and German expansion figures weaker than expected. If during the day market breaches the support level of 6880 downside after consolidation, then it can test the level of 6820 on the downside and on the upside it has a support level of 6920.
My stock prediction for day traders
ARM HOLDINGS PLC
RECOMMENDATION SELL
TARGET 1035
The Major trend of ARM HOLDINGS PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1103 then it can show downside movement for the target of 1060 with the stop loss of 1131.
CHART FORMATION:-
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 34.33 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.