We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for tools Level up your trading with our powerful tools and real-time insights all in one place.

National Grid Price: NG. Drops, Setting Under a Descending Arrangement

Share On Facebook
share on Linkedin

Most of the price actions that have been witnessing in this stock operations have been in the form of showcasing lower highs to denote that bulls have not been having conducive environment to nurture, as the present situation reveals that National Grid Plc (LSE:NG.), is dropping and setting under a descending arrangement.

As it happens, a selling wall has formed in light of the current bearish candlestick’s appearance, causing the indicator to bottom out at the 1,000 support line. Using the moving averages’ positional placements, a near resistance zone of 1,100 has been shown to be helpful in maintaining the sales-offs. However, lengthening of position orders should be carried out as soon as a strong bullish candlestick appears if the price is finally observed to repeat the pattern of merely attempting to reestablish its base around the smaller point in the long term.

Resistance Levels: 1,200, 1,250, 1,300
Support Levels: 1,000, 950, 900

With the current emergence of a bearish candlestick, should the NG. Plc shareholders expect quick price recoveries?
It would be better enough for bulls in the National Grid Plc company to be patient for a while before making a comeback, given the stock\s price has seeing dropping and setting under a descending trade arrangement.

It is also important for traders to observe if the present bearish candlestick will turn to having a long shadow bottom outlook in the end. And that has to be situation, then, buying activities may reconsider to be on a gradual execution process. The 15-day EMA indicator is above the 50-day EMA indicator. And, they are over the current market line. The Stochastic Oscillators have swerved the blue line southbound into the oversold region. The impact force of declines is being felt as of this analysis piece. As a result, purchasers should exercise caution to return on schedule.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: