Top Stock Picks for the Day : Morrison (WM) Super Markets Plc

Morrison (WM) Super Markets Plc

 

RECOMMENDATION BUY

TARGET 195

The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

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CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.

MACD and Signal line is sustaining above the zero level line.

UK Stock Pick and Technical Analysis as on Wednesday, February 18 2015

Stock Pick for Wednesday, February 18 2015

RECOMMENDATION BUY

TARGET 1840

The Major trend of Easy Jet Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 1783 upside then it can show upside movement for the target of 1840 with the stop loss of 1740.

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CHART FORMATION:-

Stock is forming inverse Head and Shoulder pattern and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.69 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

UK Stock pick of the day : Euro Money Institution Investment

UK Stock pick of the day

RECOMMENDATION : BUY

TARGET 895

Euro Money Instiution Invesment is consolidating with support of falling trend line and facing resistance of it's 200 DMA crossing of it can show upside movement .The major trend of stock is bearish and it's showing Bounce back from the bottom one can make long position with the strategy of buying from bottom .Stock has gaining strength for buying by showing accumulation with good volumes crossing of the resistance level i.e. 1115 it can show the tgt of 1200 with 50 DMA acting as good stop loss level at 1160.

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CHART FORMATION:-

Stock has showing consolidation with support of the falling trend line, crossing of it can show upside movement.

It's managing to trade above 50 DMA & facing resistance from 200 DMA i.e 1115 crossing of it can show the level of 1200.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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 line with the positive bias.

DI has trading above 25 level, positive DI is about to give break out above negative DI which is indicating strength in the stock for buying.