Although I tend to favour fundamentals for stocks like this, since this share has been bleeding for the last 6 months, I've been messing with some TA, in an attempt to see where it might bottom and start to move upwards again.
The down trend is coming to a head with the wedge also now meeting historic levels of support and seeing in an increase in resistance in...
This week I will be keeping an eye on the UK based REIT SGRO, their main business is managing industrial storage units, the stock is within 3% of its all time highs and is consolidating nicely around the 662 level. The consolidation has been a bit all over the place for my liking and that skews the entry a little bit as I like to clear all previous highs with my...
Here wave 3 extended and was nearly 1.618*the length of wave 1, therefore wave 5 should be a maximum of 100% of the length of wave 1. Wave 5 is currently slightly over 61.8% of the length of wave 1. Here wave 5 is clearly an ending 5th wave diagonal and thus a sharp reversal should follow very soon.
One name that I think looks really attractive or scary depending on the way you look at it is BA., this defence giant since posting a new high in July 2018 has embarked on a decent steep enough to give the most ardent roller coaster enthusiast week knees. After the massive move down the stock finally found some support at 450 before a brief bounce and is now...
My analyses of VOD Vodafone share price
1) June rise to 160p if it remains on the trend
2) September ending possible rise to 180p again if it remains within the trend
Disclaimer: this analysis is not guaranteed however highly likely historical trends and current trends
Tesco PLC looks to be trading in corrective mode at the moment as we pull back towards the 38.2% Fibonacci retracement level. Stochastic is also moving into oversold territory. If we start to see some support coming in around the 38.2% level around 234 and we get a bullish crossover on stochastic we would have a good low risk long trade set up.
Extremely bullish here as progress is being made within the company.
Please watch latest interview with Tony Gilby at Proactive investors.
A very strong Q2 coming with newsflow!
We have an H&S pattern and are within a range at moment 5.36p-6.34p so once that breaks then momentum will come.
RSI seems stronger even at this levels which proves there is some volume...
Bought first time at 0.54p & sold at 1.3p
Re-bought today at 0.80p 1st tranche.
We could still touch the weekly 50ma at some point but for now 200ma daily seems stronger.
RSI landed right at support & why I waited for that range for weeks.
News to come very soon so this could do extremely well from this levels.
90p possible retrace where 20ma is, before next leg
108p next resistance
Bear in mind:
Cash and net debt
The Group carried a cash balance of GBP0.7m at the end of the reported
period as against an opening balance as at the 1 July 2018 of GBP1.9m.
Funds have been deployed in the continued...