Sound Energy has been one of the small cap phenomena of the year to date, but it is ironic that the big bull run here took quite a while to get off the ground. Sound Energy (SOU): Rising Trend Channel Targets 70p The enigma of Sound Energy and its recent mega rally is the way…
Having been trolled for Tweeting regarding a possible turnaround on a technical basis at Andalas Energy last week, I thought it was only fair to go for a formal look at the charting situation, if only to wind up the troll even further… Andalas Energy and Power (ADL): Potential Broadening Triangle Reversal It has to…
FTSE 100 Stocks BT Group (BT.A): Below 50 Day Line Targets 360p It would appear that while the wrangle between Ofcom and BT Group over Openreach may be still in the former state monopoly’s favour, the market seems to be concerned the issue may be resolved against the telecoms group. This can be seen on…
While it may be argued that we are spoiled for choice in terms of bullish contenders for stock selection now that equity markets are back at highs and looking comfortable, it still pays to pick out the best looking technical situations if only to try to stack the odds of success in our favour. Tullow…
The success of Fever Tree Drinks (LON:FEVR) over the past year reminds us, if it were necessary, that so called “sin stocks” of all shapes and sizes can be a great asset class to invest in. On this basis British American Tobacco has to be regarded as a core holding. British American Tobacco (LON:BATS): 5,500p…
Looking at the daily chart of G4S, we have a disturbingly accurate picture of the perceived fundamentals of the company, at least in term of sentiment amongst investors. The question now in the wake of today’s chart gap is whether this is the lasting turnaround the bulls have been waiting on? G4S (GFS): Broadening Triangle…
The fall in Sterling has already influenced potential and actual takeover deals, and it looks as though this will continue to be the case as the divergence between US and UK interest rates makes assets here like engineer Meggitt that much more attractive after Brexit. Meggitt (MGGT): 500p Plus Technical Target From a technical perspective…
It is perhaps only natural that the life of a small cap stock will see it go from zero to hero and back again several times. On this basis a company like Red Rock Resources is always worth keeping on the watchlist – a point underlined by the company’s present technical position. Red Rock Resources…
FTSE 350 Cairn Energy (LON: CNE): Gap Towards 220p Plus What is evident on the daily chart of Cairn Energy is the way the run up to the main 2016 rally was flagged early in the year. January served up a vertical push through the 50 day moving average then towards 140p, with March delivering…
One of the most obvious effects of the Brexit vote was the way many UK facing companies found their share prices slammed upon fears of a recession – or at least the uncertainty as to how the economy would cope to life outside the European Union. One month later and it is starting to look…
