Wednesday, 10 September 2014

UK stock Pick of the day : Fidessa Group Plc


UK Stock pick of the day
 

RECOMMENDATION BUY

Fidessa Group Plc is looking strong on charts for buying .The over all trend of stock is bearish and facing resistance from the falling trend line. Stock is managing to trade above golden break out so upside movement is expected.In upcoming session it can show upside movement after crossing of the resistance level at 2377 it can test the level of 2550 with the stop loss at 2270.
 

CHART FORMATION:-
Stock has managing to trade with positive bias from last few trading session , facing resistance from trend line crossing of it can show upside movement.
It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-
RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.