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 still too...
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
*The falling wedge is done. (Bullish Trend Continuation) *
* Validated with 38.2 Fibo Retracement.*
*Unusual heavy volume starts to kicked in.*
*Breakout is unfolding and 12.00 level would be a good take profit level.*
BRSN:LSE appears to be funneling down to a decision point soon. My preference is that the move down will continue to the 800 level before a bounce. the RSI in the weekly chart shows the potential for forming a double bottom which should move momentum back to the upside but this has not finished forming at present.
FTSE continues to strengthen, with the bounce from the 6676.56 monthly low of 4 November posting new highs to pressure the 7340, (150%) projection of the October-November fall.
Continuation to the 7395.00 projection cannot be ruled out, but profit-taking risks are increasing at higher levels, as studies remain mature. In the coming weeks, profit-taking risks are...
FTSE continues to strengthen, with the bounce from the 6676.56 monthly low of 4 November posting new highs above the psychological 7200 level at 7211.96.
Continuation to the 7236.25 projection is highlighted, but further gains are expected to prove progressively more difficult to maintain, as studies begin to mature. In the coming weeks, profit-taking risks are...