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Grow_UK Grow_UK LGEN, W, Long ,
LGEN: Legal & General taking out huge resistance level
49 0 3
LGEN, W Long
Legal & General taking out huge resistance level

Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6% ...

Grow_UK Grow_UK JMAT, W, Long ,
JMAT: 2017 to be a good year for Johnson Matthey?
48 0 3
JMAT, W Long
2017 to be a good year for Johnson Matthey?

We are a fan of Johnson Matthey over the long term. The recent correction looks to be a great chance to buy the FTSE100 chemicals company. The shares have formed a channel on the weekly charts and also found support on a relative basis versus the index. There is big resistance at 3575p, which if overcome could open up the upside towards 4000p and beyond. The long ...

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