ITV PLC price prediction: The current bullishness to continue

ITV PLC stock (LSE:ITV) are currently bullish, following the recent rally, which ended the previous bearish movement that happened in August 2019.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left corner of the chart.

It can be seen that the EMAs 10, 20 and 50 are already sloping upwards, supporting the current bullish movement. However, the EMA 200 is yet to be breached to the upside… And that is exactly what is expected.

Once this is breached – a Golden Cross – is made, there would be an unopposed bullish bias on the market. Right now, it still makes sense to go long on ITV, for the current rally will hold on.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

Toople PLC market forecast: A rally is expected after the current consolidation

Toople PLC shares (LSE:TOOP) are currently ranging and there would be a breakout to the upside, following the current consolidation.

The last bullish effort in the market was halted on May 2019; after which price dropped like a stone. Then the current ranging movement began.

One does not know when this consolidation (ranging movement) will end, but when it does, it would most probably favor buyers.

Price currently moves within the upper and the lower Trendlines: Only a strong momentum would make price go beyond the upper Trendline (or below the lower Trendline).

The RSI period 14 also swings between the levels 40 and 60. A strong breakout is imminent on TOOP and that will be very interesting.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities   

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  

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