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No break out yet, but it's building up to it.
Since Jan 2016, it's also made a rough H&S pattern
Reversal to the upside?
44p loss in 3 days or >10%
A strong rejection of its 200EMA
That's bearish as Brexit and economic chickens come home to roost. GATC has failed to move higher and looks bearish.
NIBT has been ranging since June 2014, and today it has broken out from the 60p resistance, which was tested 4 times during that period. So a very bullish day today and prospects for more gains are high.
Lamprell is finding resistance at its 200 EMA at 114p. Will it break to the upside, or will it be rejected?
Is this a breakout which signifies a reversal of the trend?
Price is now well above the 50 EMA.