Another Level - CNE, RB, TW, VOD, LLOY

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Another Level – CNE, RB, TW, VOD, LLOY - 6 June 2014

Cairn Energy (CNE)

Where next?

Will the price rise towards highs of 260p? or;

Will the price fall towards lows of 150p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Stochastics turning over from overbought
2-month uptrend, long-term downtrend
Directional indicators converging bullishly
Support from 20-day MA

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

Reckitt Benckiser (RB)

Where next?

Will the price rise above highs of 5150p? or;

Will the price fall towards lows of 1800p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Rising wedge pattern – clear boundaries
Falling volumes during rally
Stochastics overbought, RSI dropped
Momentum flat

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

Taylor Wimpey (TW)

Where next?

Will the price rise towards highs of 132p? or;

Will the price fall towards lows of 105p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

3yr uptrend
Dead cross (50-day MA fallen below 200-day MA)
Indicators neutral
ADX (trend strength) fallen to lows

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

Vodafone (VOD)

Where next?

Will the price rise towards highs of 255p? or;

Will the price fall towards lows of 175p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Support at key 12-month level
Dead Cross (50-day below 200-day MA) in May
RSI turned up from oversold, Stochastics oversold
Momentum back positive

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

Lloyds Banking Group (LLOY)

Where next?

Will the price rise towards highs of 87p? or;

Will the price fall towards lows of 70p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Break above 100 and 200-day MA
MACD positive and rising
Stochastics overbought
RSI overbought

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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