It is perhaps somewhat difficult to work out why, or how the leading UK banks seem to be on the front foot as far as their price action is concerned, but perhaps the best thing here is not to reason why? Barclays (BARC): 200 Day Line Break Could Lead To 220p It may be said…
Gaps through the 50 day moving average are normally great momentum indicators. This is especially the case when a stock or market is towards the lower end of the range. In the case of GW Pharma we have a mid-range version of the genre. GW Pharma (GWP): 770p Trendline Target It may be said that…
It is usually the case that I prefer to look on the bright side as far as stocks and markets, especially as this tends to be the angle most private investors are most comfortable with. The question is whether with Finnaust Mining this is the best approach at current levels. Finnaust Mining (FAM): Wedge Formation…
On the face of it, at least from the perspective of a non oil industry expert, the decline in Pantheon Resources was overdone. However, it may be the technical / charting position which investors should take note of. Pantheon Resources (PANR): Key 80p Support Zone It would appear to some that the crash for Pantheon…
Horse Hill has been such an epic story of billions of barrels, ramping, counter ramping, and intrigue that one would consider the whole situation as being a little too exciting for most small cap punters. Nevertheless, at least the charting position at UKOG looks to be improving. UK Oil & Gas (UKOG): 2.75p 2016 Resistance Line…
FTSE 350 Stocks Centamin (CEY): Above 50 Day Line Could Lead Back Towards 200p While Centamin has been a decent play on the upside as far as being a proxy to the Gold price, the reality of any proxy is that the volatility can mean that even if you are right, in the short term…
One of the notable issues with bear bloggers, and indeed those who make negative calls on shares, is that unlike those who are on the buy side one rarely hears anything in terms of a mea culpa if the call turns out to be wrong. Cloudtag, where the bears have just been blown away, is…
The occasion for looking at the charting position of Berkeley Group is the demotion of the housebuilder from the FTSE 100. Normally, this is portrayed in the financial media as being a negative for a stock, but this may not be the case here. Berkeley Group (BKG): June Price Channel towards 3,000p The housing market…
Rather interestingly, even for those late to the recent share price rise at Hague & London Oil, there would appear to be an opportunity to get on board in the wake of the recent consolidation and news. Hague & London Oil (HNL): Above 200 Day Line Targets 20p It was as long ago as 4…
Anyone wondering whether the post-Brexit state of flux might be good for at least some banking stocks need look no further than the internationally focused HSBC and the mega rally of recent weeks. HSBC (HSBA): 620p Technical Target It would appear that the banking sector on the London Stock Exchange is split quite cruelly between…
