Daily Trading Picks — 07 August 2026 | BULLISH

Daily Trading Picks — 07 August 2026 | Market Bias: BULLISH

Published at 06:00 UK | Pre-market analysis covering FTSE 100 and Dow 30

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Market Overview

Scanner coverage: 80 stocks analysed from daily close data (2026-08-06). 46 stocks in bullish/recovering trend versus 9 bearish. Favour long setups — the market has a constructive tone.

Stocks: 80 | Bullish: 46 | Bearish: 9 | Neutral: 25

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Today's Picks

1. CPG — Compass (FTSE 100)
Setup: Trend continuation long
Direction: LONG
Close: 32.41 (-2.1% prev day)
Entry: On confirmed move above 32.41
Stop Loss: 31.69
Target 1: 34.65 (R:R 3.1:1)
Target 2: 35.77 (R:R 4.7:1)
Confluence: 1/5 — Strong uptrend, MACD positive, Near POC, Moved -2.1% today
Confidence: SPECULATIVE

2. TMUS — TMUS (US)
Setup: Trend continuation short
Direction: SHORT
Close: 179.97 (+3.8% prev day)
Entry: On confirmed move below 179.97
Stop Loss: 182.19
Target 1: 166.51 (R:R 6.1:1)
Target 2: 159.78 (R:R 9.1:1)
Confluence: 1/5 — Strong downtrend, MACD negative, Near POC, Moved +3.8% today
Confidence: SPECULATIVE

3. FTNT — FTNT (US)
Setup: Trend continuation long
Direction: LONG
Close: 160.11 (-2.5% prev day)
Entry: On confirmed move above 160.11
Stop Loss: 156.03
Target 1: 174.33 (R:R 3.5:1)
Target 2: 181.44 (R:R 5.2:1)
Confluence: 1/5 — Strong uptrend, MACD positive, Moved -2.5% today
Confidence: SPECULATIVE

4. GOOGL — GOOGL (US)
Setup: Trend continuation long
Direction: LONG
Close: 357.75 (-1.3% prev day)
Entry: On confirmed move above 357.75
Stop Loss: 348.12
Target 1: 384.65 (R:R 2.8:1)
Target 2: 398.10 (R:R 4.2:1)
Confluence: 1/5 — Strong uptrend, MACD positive, Near POC
Confidence: SPECULATIVE

5. IMB — Imperial Brands (FTSE 100)
Setup: Trend continuation short
Direction: SHORT
Close: 2,764.00 (+0.6% prev day)
Entry: On confirmed move below 2,764.00
Stop Loss: 2,812.01
Target 1: 2,642.82 (R:R 2.5:1)
Target 2: 2,582.23 (R:R 3.8:1)
Confluence: 1/5 — Strong downtrend, MACD negative, Near POC
Confidence: SPECULATIVE

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Watchlist

LSEG (FTSE 100): Trend continuation short. RSI 49. Score 3.0/10. Watch for Strong downtrend, MACD negative.

META (US): Trend continuation short. RSI 47. Score 3.0/10. Watch for Strong downtrend, MACD negative.

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Index Breakdown
FTSE 100: 27/40 bullish (68%)
US / Nasdaq: 19/40 bullish (48%)

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Data: TradingView daily close (2026-08-06). Track levels on our Live Charts page.

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Risk Warning: Trading equities and indices carries substantial risk of loss. These are educational ideas shared for discussion, not financial advice. Past performance does not guarantee future results. Always do your own research and never risk more than you can afford to lose. ChartsView is not authorised or regulated by the FCA.