Day Trading FTSE 100 picks

MERLIN ENTERTAINMENTS GROUP PLC

BUY

TARGET 448
The Major trend of MERLIN ENTERTAINMENTS GROUP PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 443.50 then it can test resistance level for the target of 448 with the stop loss of 439



CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.


Skype tayal.smith1

ANGLO AMERICAN PLC

SELL
TARGET 865
The Major trend of ANGLO AMERICAN PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 865 then it can test support level for the target of 855 with the stop loss of 875.



CHART FORMATION:-
Stock is trading in a range and trading near the trend-line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with -ve bias.

Skype tayal.smith1

ASSOCIATED BRITISH FOOD PLC (LON:ABF)

RECOMMENDATION BUY
TARGET 3180
The Major trend of ASSOCIATED BRITISH FOOD PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 3142 then it can test resistance level for the target of 3180 with the stop loss of 3110.



CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

Skype tayal.smith1

DIAGEO PLC

BUY for TARGET 1910

If it breaks the resistance level of 1890 then it can test resistance level for the target of 1910 with the stop loss of 1875.



CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

Skype tayal.smith1

ASTRAZENECA PLC

BUY for TARGET 4240

The Major trend of ASTRAZENECA PLC it is showing strength for buying.
If it breaks the level of 4197 then it can test resistance level for the target of 4240 with the stop loss of 4155.



CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

Skype tayal.smith1

ASSOCIATED BRITISH FOODS PLC

RECOMMENDATION SELL
TARGET 2835

The Major trend of ASSOCIATED BRITISH FOODS PLC it is showing strength for selling.



If it breaks the support level of 2865 then it can test support level for the target of 2835 with the stop loss of 2895.

CHART FORMATION:-
Stock is trading in a range and trading near the trend-line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

Skype tayal.smith1