 Hello and welcome to the CMC markets chart of the week video with myself David Madden marker analyst here at CMC markets And today's date is Wednesday the 14th of March 2018 and the time has just gone midday 12 p.m UK time this week's chart of the week is prudential and the company was in the news today Because it is announced plans to essentially break up to to demerge its M&G investments division The aim of the operator the aim of the demerger is so M&G M&G prudential can focus on the European side of the business Where as prudential can focus on the Asian and the American side of the operation and The share price has pushed higher on the back of today's result now like looking at the church On the on the weekly chart at the stock on the weekly chart We can see that the share price has been in a fairly solid upward trend since Since the summer of 2016 and the share price went on to hit an all-time high In January of this year, but it was caught up in the global stock market sell-off But it has recouped most of its ground if actually you can see as the stock was pushing higher here It's actually now trading back above its 50 week moving average Take a look at the share price action now on a daily chart once again You can see that the the positive trend is quite evident classic example of higher highs and higher lows Granted the low here in February during the major sell-off did manage to take up the recent low here I'll put as we can see here. The share price has been pushing higher since And recently that the stock has been pushing higher Hit its highest level in about six weeks and that a particularly look at the MACD histogram back to the indicator We can see that positive momentum is on the rise So the share price is pushing higher that's been confirmed by the increase in positive momentum So the momentum is clearly with the buyers clearly with the bulls So the share price is pushing higher and if if you continue to push on higher from here We could actually be looking at retesting the recent all-time high of 1990 and if you go beyond that then of course, he's psychologically important 20 pounds a share with then beyond the radar and then looking beyond that Chairs, of course, we look into other big numbers such as 21 pounds a share or perhaps 22 pounds a share notice how on the back of the The announcement this morning the share price actually managed to gap higher now a gap to the upside indicates bullish sentiment so as you once again reinforcing the the view that the The stock it could continue to be in its upward trend now one of the myths about Gaps is that they're always filled gaps are not always filled, but they are often filled So even though the share price is recently has been in the upper trend Fitting in nicely with the wider upward trend. There is a possibility the stock could turn lower We could see the stock in the near term drift back down to 1900 or perhaps even down to actually fill the gap here before potentially resuming the wider upward trend So that there's a possibility stock could dip to fill the gap before potentially moving higher yet again if you do happen to see the stock drift lower and if it does manage to actually go fill the gap completely and Go south of the two hundred a moving average at which comes to play at 1832 a break below The two hundred a moving average could actually be an indication that she said to me actually is quite negative and from there We could potentially move it head back towards 1800 And if you have a break south of 1800 back up at the February low of of 1747 on the radar Well, that's all for me this week. Thank you very much