ENTRY: 0.870
SL: 0.755
TP1: 0.955
TP2: 1.070
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI -ve
- Moving averages are aligned.
- Retracing since ATH in Apr 2022.
- Consolidating between 14 Jun to 21 Jul 2022 near 200EMA before breakout from range with volume.
- Entry today based on breakout and >3% rebound off 10EMA with volume.
COB Cobham News
· Revenue 6% higher, benefiting from favourable currency translation. Organic5 revenue growth of 1%
· Underlying operating profit of £210.3m, slightly ahead of expectations
· Progressing delivery on the onerous contracts provided for in 2016, including KC-46, although risks and challenges remain
· Strong free cash flow...