As we enter 2024, here are three UK stocks that have shown promising signs recently. Past performance is not a reliable indicator of future results
Content:
1. Centamin
Ticker: CEY
Market Cap: £1.18bn
PE Ratio (forward): 10.9
Gold is being driven higher by a weakening US dollar and this has created a tailwind for gold mining stocks.
Egyptian gold...
Cup and handle pattern with long term upward trend in tact. I see this targetting a share price of 360p if this pattern holds true and a breakout occurs sometime in the next year.
Could this be the next fractal developing? Would be a beautiful way to close that gap! Touched the 62% retracement today, with some nice momentum divergence on show over the past few weeks.
On fundamentals this is one you could bang on about in a manner of ways. From dividends likely, to production rates, to zero debt etc. But, I am not in the slightest bit interested.
On technicals, there is for sure a death cross imminent on the daily. However, it is oversold on the daily and edging towards oversold on the weekly. It also seams to be finding...
With the impact of the COVID-19 pandemic far from over coupled with increased QE from the Fed I think Centamin´s recent decline is definitely overplayed.
We saw a moderate bounce of a major trend-line support and I will be buying once the dashed minor trend line is broken. I expect either the green or the blue direction to play out with a target around 140, a...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Looking ay a buy on CEY from 164.
We've seen an outside day on Friday which engulfed the previous 5 days of trading, price was oversold on the RSI and Stoch. Fundamentally the company is performing well, my only concern would be the massive sale of shares (40 mil) from a chief officer within the company. Technically it hits all my points so I will be looking to...
Centamin. Break out of significant level to new highs on increasing volume.
Looking for price to retest area of significant level or area of bull-flag then wait for reversal signal to continue bull trend
CEY Plc: Orderly pullback after impulsive UP wave which has rejected significant price level on very high (stopping) volume.
Looking at minor swings for a change in trend direction / momentum for potential buy set-up
!st target previous swing high at approx 183. Technical stop below 130 level
