Buy Bango (BGO.L)
Bango PLC (Bango) offers the Bango mobile payment platform. The Company's principal activity is the development, marketing and sale of technology to enable mobile phone users to make payments for digital content and media on smartphones and tablets. The Company's segments include End user activity and Platform fees. The End user activity segment...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
For a more in-depth analysis, see:
RBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart:
1) Fibonacci fan line
2) 100-day moving average
3) 2.618 extension of a price gap.
IHG is trading in a strong long term uptrend. The shares have corrected lower in recent weeks but buying support has been found at the previous break out level, which is now support. The correction is also inline with a 38.2% Fibonacci support level adding further weight to the bullish argument. Further upside is expected over the short to medium term.
BUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul...
BUY – GREGGS (GRG)
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop.
The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an...
BUY – BAE SYSTEMS (BA.)
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company's United States and United Kingdom-based electronics activities.
The company boasts special relationships with both the US and Saudi Arabia. The company has...
BUY – AUTO TRADER (AUTO)
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie.
Auto Trader is forecast to post a rise in earnings of 12% in the current year. This follows...
BUY – VODAFONE (VOD)
Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific.
Vodafone’s share price has drifted sideways to lower for the past few years, but all of a sudden, the price has risen almost 25% in 3 months. This follows the...
Jubilee Metals has corrected lower in recent weeks to retest the breakout level of 2.80p and slightly below this at the 61.8% Fibonacci support level. The large reversal today is an encouraging sign which the shares set to close above the 10EMA. It’s also been noted that trading volume has been consistently above 50k for the past 90 days. It looks an interesting...
It has been a while since I posted one of my plans for the week ahead and I've missed the process, this week I would like to share my Compass Group (CPG) set up which I think is a great long. Compass posted strong half year earnings on the 15th of May which was well received by the market sending the stock up to an area that has played a role as resistance in the...
Fairfx Group Recently broke its previous all-time high which was at £0.88.
After a major area is broken we can expect price to retest that level before advancing which has happened with this stock.
The retest of the support/resistance area gave price some strength to the upside but then found it difficult to break through the
psychological round number...
KAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop.
We were stopped out of all our long positions in the pullback...
News - #GVC GVC Holdings PLC, the multinational sports betting and gaming group, is pleased to announce that it has agreed to initially acquire 51% of the equity capital of Mars LLC
Analysis - Market discounting some sector consolidation and regulation - Im looking for price to bounce once we get through some of the noise - there is also a good fib S/R confluence...
News this morning
Group revenue fell by 12.6% to £623.2 million. On a like for like (2) basis revenue fell by 8.8% impacted by the weak print trading environment. Strong management of the cost base enabled adjusted operating margin to increase by 0.7 percentage points to 20.0% delivering an adjusted operating profit of £124.7 million. Statutory operating profit...
Looking at the FTSE_100 TVC:UKX lets first take a look at the facts.
Price is below the daily 200 moving average
Price has used a previous support level as resistance
A break and close below the next support level will confirm a lower high (which is a sign of a downtrend)
These 3 facts do not give us confidence that we are still in an uptrend but it is...
London Stock Exchange plc reports FY17 Adj Op £812M vs exp £828M, Rev £1.77B vs exp £1.93B
- Organic Rev 10% y/y
- Capital makrets Rev £391M, +6% y/y
- Dividend 19% increase to 51.6p/shr
Could be a test of the recent value are look out for support levels as there has been a miss on expectations