FTSE 100 Stocks Glencore (GLEN): Above 170p Still Targets towards 250p I have to admit that I have something of a Glencore obsession – an affliction exacerbated by the fact that earlier this year it did appear the company may succumb to a financial meltdown. But if the post financial crisis world tells us anything…
The shares of mining minnow Savannah Resources have experienced something of a transformation in recent months, helped by the turnaround in the sector as well as internal progress by the company… Savannah Resources (SAV): As High As 5p Initially Interestingly, with Savannah Resources we have a stock where the market was rather reluctant to look…
One of the best things about charting is that there are so many ways of arriving at a conclusion – not just with the price patterns, but with a whole number of indicators. Unfortunately, sometimes this is not always a plus point. Sirius Petroleum (SRSP): 200 Day Line Break My particular journey in charting has…
While it may be the case that the notion we could see more on the bid front after ARM Holdings (ARM) received M&A attention is a little farfetched, the attractions of Best of British might just see a few more companies in the takeover spotlight. GKN (GKN): Above 200 Day Line Targets 320p If there…
It may be the case that the “experts” have got it right in suggesting that the latest rebound in Gulf Keystone is something of a death rattle for shareholders after the latest financing news. However, I wish this were not the case. Gulf Keystone (GKP): Broadening Triangle Resistance at 7.5p As a chartist, one has…
For much of the 16 plus years that chip designer ARM Holdings was on the London market, the gripe was that it was trading at 50 times earnings and far too expensive from a fundamental perspective. Of course, in the wake of today’s takeover news it is on an 80 times valuation, and leaves its…
FTSE 100 Stocks Barclays (BARC): Risk of another Major Support Test Given all the rumours surrounding the state of European banks, with the German and Italians especially in focus, the recent revival of the UK counterparts seems all the more welcome. It also suggests that we are seeing a divide in perception by investors in…
Highland Natural Resources was one of the better early 2016 calls on a technical basis that I made, with perhaps the lucky part being that the fall from 70p plus was so quick there was no real opportunity to buy at what became the top. Highland Natural Resources (HNR): Exhaustion Gap Reversal Targets 50 Day…
As I approach the age of 50, I have to confess that knowing what is trendy and what is not has become an issue. This matter has arisen with retailer SuperGroup, where we can see the price action of the Superdry brand staging a sharp turnaround. SuperGroup (SGP): Broadening Triangle Targets 2,000p Conventional wisdom might…
One of the better approaches to small caps is to focus on a few favourite examples of each sector and follow them through thick and thin. In the case of Faroe Petroleum in the recent past the good news appears to be that the stock has decoupled from the underlying commodity, at least for now.…
