shares4sharing
Long

Market is reacting positively to #CMCX interim results

LSE:CMCX   CMC MARKETS PLC ORD 25P
The company's strategy is reflecting well in its improved revenues and profitability - and for the moment it seems to be holding above the channel, but always possible we may see some profit taking as a result of continuing concerns about regulation of the industry.
I found your chart very interesting from a technical standpoint and thought it noteworthy how many times the 1.618 fib extension came into play with this move up. Of course, I shall only be "right" if this share rebounds strongly soon and continues upwards. My analysis will be invalidated below 127.


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@tomj2417, I bought this particular share at 180p in Nov 2016 just before the regulatory announcement that sent it tumbling, but I decided to hold on the strength of its fundamentals. Most recent results were quite good, so hoping for further upside. It has been a long haul, so I shall be disappointed if it falls back below 127p!
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