UK Stock-"Wh Smith Plc Ord"-Stock Is Managing To Trade All Time High

MARKET OVERVIEW

Concerns about the Greek crisis and continuing downwards pressure on oil prices drove London's stock market 2% lower on Monday, with investors scaling back their appetite for risk ahead of a busy week.The FTSE 100 finished the session down 130.64 points at 6,417.16, its lowest close since 17 December as stocks in the oil and mining sectors dropped sharply.The FTSE can see fell hard during the course of the session on Monday, testing the 6400 level.Index can show further downside if it manage to cross the level of 6400 it can test the level of 6200 with the resistance of 6600.

RECOMMENDATION  BUY
TARGET     1470

Wh Smith Plc Ord 

 

The Major trend of  Wh Smith Plc Ord is bullish and stock is managing to sustain at higher level with positive bias.Stock is managing to trade at all time high and consolidating in positive teritory.One can initiate the long position in the stock after crossing of it is major resistance level at 1365 for the target of 1470 with stop loss of 1320.

CHART FORMATION:-

 
Stock is consolidating with positive bias at higher level.
It's trading above 50 DMA  and 200 DMA with positive bias.

TOP GAINER

Name	Close Price	Change %
Man Group	165.4	2.8
Carnival	2980	1.71
Land Sec REIT	1162	0.87
Smith & Nephew	1175	0.86
Brit Land Co REIT	766.5	0.59

TOP LOSER

Name	Close Price	Change %
Bp	389.7	-5.06
Anglo American	1126.5	-4.94
Bhp Billiton	1316.5	-4.46
Marks & Spencer	456.8	-4.25
Sainsbury	233.5	-4.07

INDICATORS:-

 
RSI is trading above the level of 55 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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