This could be the start of a new Uptrend. Price action is looking constructive with a more clearly defined trend channel. Potential breakaway gap, if not closed is a bullish development. Previous areas of support & resistance above shown by dashed red lines. If price can break and hold above 45.00p that would offer additional support. Trendchanges and...
Petrofac, a global oilfield services provider, has recently faced challenges reflected in its balance sheet problems, causing a significant decline in its share price. However, for savvy investors, this downturn may present a compelling risk-to-reward entry point. The company's strategic moves to address its financial issues and reposition itself in the market...
A 92% correction from July 2012 (ouch) creating a considerable oversold condition (as if it was not already obvious) there now exists an ‘incredible buy opportunity’ for those brave enough. Why Bullish? 1) The bears are exhausted - this is indicated by the ‘capitulation’ volume candles. Remember, ‘Extremes in a market is marked by extremes in volume’. 2)...
Despite being one of the stocks many value Hedge Fund managers claim to have into their portfolio (Cobas Asset Management, Azvalor, First Eagle, Toscafund, Templeton Global etc), it seems the share price has not reached the maturity cycle to attract the bulls... yet. I like the company, but I do not think it is the right time to develop long trading strategies,...
volume looks to be thinning on the downside but we need to see a higher close with higher volume.
Looks exactly like FOSL, gona shit its pants. SHORT
Do your analysis. However, look at the risk reward and you will see this is the good opportunity. Currently share price is at 52 weeks low.
Description of Chart : This is a really nice opportunity, long and short. At the moment we seem to be in the middle of a narrowing ranging chart. I am waiting for a move to one of the two areas in green. When it hits one of those green areas I will be looking to take a position and ride it to the other side of the narrowing range. I will be setting a 5% stop-loss...