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| 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.
