PHOTONSTAR LED GROUP PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, HAYDALE GRAPHENE INDUSTRIES PLC ORD 2P, UNION JACK OIL PLC ORD 0.025P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
We like GKN over the medium term and hoped to see the shares break to new highs. This is looking increasingly unlikely in the short term as the shares stall at resistance. The bearish divergence on the RSI and the relative ratio is a concern. If the shares close at this level or lower (329p) then we will also have a nasty looking bearish engulfing candle. Maybe a...
GKN has outperformed the benchmark index by over 10% in the last 3 months. The shares have completed a base formation on the weekly chart and look set to push higher over the medium to long term. Buy with a stop at 296p. We are targeting a move towards 416p