Royal Dutch Shell (RDSB): BG: Too Big to Swallow? There were some siren voices who suggested that Royal Dutch Shell’s move on BG Group was akin to that of RBS going for ABN Amro just before the financial crisis. This was especially so on the basis that the deal was signed just before the painful…
Apple (NASDAQ:AAPL): Struggling, Even With Buffett On Board Apple has been on the ropes over the past year, with the disappointment compounded not only by a China slowdown, but also the way the iWatch really was not the groundbreaker it could/should have been. If you factor in the argument that the iPhone maker has not…
Market Direction: FTSE 100 6,150 Has to Hold Barratt Developments (BDEV): Trading Range Break Awaited One of the notable aspects of trading non-resources blue chip stocks ahead of the Referendum vote is that much of the volatility has died down. Indeed, even the FTSE 100 itself seems to have gone into a holding pattern between…
Market Direction: Dollar/Yen Consolidation Well Below 110 Ashtead (AHT): Wide Rising December Price Channel It would appear that with the daily chart of Ashtead we have a surprisingly robust technical picture. This idea is backed by the way that we have been treated to higher lows, which have been in place since the floor of…
Market Direction: Sterling/Dollar 200 Day Line Block Randgold Resources (RRS): Price Channel Rebound It has certainly been quite a journey for shares of Randgold Resources during the year to date. This is over and above the usual health and wealth warnings that would accompany mining stocks. As for the near-term action here, it can be…
Market Direction: Gold Initial Bear Trap from Below March $1,208 Floor Marks & Spencer (MKS): Key 380p Support Zone It will be worth seeing what we have on the fundamental front to turn around this high profile retailer, as it looks like it would have to be something special. What can be seen on the…
Market Direction: Nasdaq 100 Above 50 Day Line Targets 4,800 Barclays (BARC): Converging Triangle Breakout Barclays has been a surprisingly, but nevertheless satisfying recovery situation over recent weeks. This is said despite the way that this particular commentator has an irrational aversion to banks, especially their “service” charges. I also have a problem in terms…
Market Direction: Crude Oil above 20 Day Line Could Lead to $60 Antofagasta (ANTO): November Price Channel Target The sage of leading mining stocks, and whether they have finally turned the corner for good, continues to inspire traders. The reason for suggesting this is the way that there was a one third retracement for the…
Market Direction: Gold Loss of $1,240 Risks towards $1,160 Anglo American (AAL): 570p Support Zone In many ways Anglo American shares have over the past six months and more demonstrated how a classic positive reversal works from a charting perspective. This is because the big turnaround was kicked off by a December–February inverted head &…
Market Direction: Euro/Dollar Initial 200 Day Line Support Admiral Group (ADM): October 2,200p Technical Target What we can say in terms of the recent trajectory of the price action of the daily chart of Admiral Group is the way that this is a situation which is perhaps as robust as the bulls might have wished…
