Market Direction: Euro/Sterling above 80p Still Targets 83p BP (BP.): Possible Return to November Resistance Now that the Deepwater episode is finally out of the way for BP – at least in terms of the financial liability – it looks as though the oil giant may finally be able to move on. However, we are…
Market Direction: Euro/Dollar above $1.1250 Targets $1.16 ARM Holdings (ARM): 1,170p January Price Channel Target Although ARM Holdings has been a favourite play of mine over 15 years since the Dotcom Bubble burst, all through this period the cynics seem to have been pointing out how the high p/e rating is difficult to justify. This…
Market Direction: Dollar/Yen below 111 Points Towards 106 Electrocomponents (ECM): 320p Technical Destination Just for a change we are looking at the mid caps in place of the larger companies in today’s daily roundup, although the selection still includes companies with chunky market capitalisations. First up is Electrocomponents, where it can be seen that it…
Market Direction: FTSE 100 below 6,100 Risks 5,845 Berkeley Group (BKG): Above 200 Day Line Points to Range Highs It should very much be the case that shares of Berkeley Group were a safe pair of hands in current stock market conditions. While this has been true to some extent, those on the long side…
Market Direction: Euro/Dollar above 10 Day Line Targets $1.16 International Consolidated Airlines (IAG): Above 50 Day Line Targets Range Highs While we are looking at the financial markets and attempting to work out what the next major move may be, it seems wise to look at individual stocks within the FTSE 100, marooned as it…
Market Direction: Euro/Sterling above 50 Day Line Targets 83p Sainsbury (SBRY): M&A Is Supportive So it is all agreed: a recommended offer for Home Retail Group is costing Sainsbury £1.4bn. It might have been said by some – myself included – that one of the UK’s larger grocers could have made moves to create its…
Market Direction: Sterling/Dollar Range under $1.4450 Carnival (CCL): Triangle Breakout Targets 3,955p Carnival has of course been a decent play on the price of Crude Oil and geopolitical concerns, both of which have added to the volatility of shares in the cruise operator in the recent past. This is expected to continue to be the…
Market Direction: Gold, Bear Trap from below $1,220 Capital & Counties (CAPC): Ongoing Consolidation Capital & Counties is a stock which is not necessarily the first that comes to mind as a trading opportunity situation in either direction. However, it can be seen from the daily chart of this company how there has been a…
Market Direction: Australian Dollar above 0.74 Targets Towards 0.82 AB Foods (ABF): Run Up To Golden Cross Although it may appear obvious to some – myself – that Primark to sugar producer AB Foods should spin off its discount fashion group, so far it is seems that the company is happy to rest on its…
Market Direction: Gold below $1,230 Risks $1,190 BAE Systems (BA.): Above 50 Day Line Targets 570p BAE Systems is a stock which continues to be one of the most viewed by private investors – in terms of them wanting to check where the share price is. This places it above the likes of the High…
