UK STOCK IS IN BULLISH TREND

The Santa rally continued on its merry way on Friday as oil prices rose and upbeat retail data boosted supermarkets.The FTSE 100 Index closed 79.27 points ahead at 6545.27, its fourth session of gains in a row.Oil heavyweights rose as the price of Brent and US crude recovered from earlier falls to stand 1.7% and 2.9% up respectively just before the close in London.The FTSE initially fell during the week but found enough support at the 6150 level to turn things back around and form a massively bullish candle, break above the top of the range for the week is reason enough to start buying, as the market should then head to the 6775 region .

RECOMMENDATION BUY

TARGET 1430

WH Smith Plc Ord

 

The Major trend of WH Smith Plc Ord is bullish and it's consolidating near to resistance level at higher level with positive bias can show northward journey .One can initiate long position in the stock above the level of 1340 with the stop loss of 1290 for the target of 1430

CHART FORMATION:-

 
Stock is showing consolidation at higher level crossing of resistance level can show upside movement
It's trading above 50 & 200 DMA with positive bias.
INDICATORS:-

 
RSI is trading above the level of 50 and showing consolidation , Breaching of the resistance level can manage to test further high.
MACD and Signal line is manages to give break  out above zero level line sustaining above it can sjow upside movement. 

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