Market Direction: Canadian Dollar above 1.30 Targets 1.35 Carnival (CCL): Triangle Break Leads to 3,800p Cruise operator Carnival has basically been an inverse play on the Crude Oil price in recent months, but with an added spin of factors. These have included, in no particular order, the Zika virus, terror threats and recession fears. Although…
Market Direction: Pound/Dollar below $1.45 Risks $1.40 Again BP (BP.): Above 50 Day Line Targets 400p As we are allegedly at the dawn of an extended recovery for Crude Oil, it seems fair to be going with BP to see whether some of this renewed interest in the commodity has fed through to the share…
Market Direction: Crude Oil above $35 Targets $45 GKN (GKN): Gap Reversals Leads to 330p It can be said of many stocks for February that they were displaying very strong reversal patterns, but of course the sentiment was so poor most of us would be wondering whether it was too risky to take the plunge…
Market Direction: FTSE 100 above 6,100 Targets 6,400 RBS (RBS): Wedge Breakout Back To 260p Rather against the odds the market has welcomed the RBS initiative to add robots to the payroll, or at least use them in order to cut costs and perhaps offer a better service without the vagaries of the human condition.…
Market Direction: Dollar/Yen below 114 Could Lead Towards 106 Hikma Pharma (HIK): Bear Trap Rebound Targets 200 Day Line It has not exactly been a pleasant journey in the recent past for shares of Hikma Pharma, either on a technical or fundamental basis. This point is underlined with the problematic M&A the group has been…
Market Direction: Crude Oil above $35 Could Still Target $43 Unilever (ULVR): Extended Build Backs Breakout Argument What is a standout as far as the two blue chips being charted today is how similar the daily timeframe configuration has been over the recent past. In the case of Unilever it is evident that we have…
Market Direction: Dollar/Yen: Break of 112.50 Risks Sub 110 Coca Cola HBC (CCH): Imminent Breakout Expected It may be no surprise that the present charting position of Coca Cola, the Dow constituent, has hit the top of its recent trading range and is threatening to break higher. As for the UK bottling group equivalent, we…
Market Direction: Sterling / Dollar Above $1.42 Targets $1.46 Aberdeen Asset Management (ADN): November Price Channel Target At 380p While the FTSE 100 seems to be somewhat bogged down under 6,200 – presumably pausing given the event risk this week on the economic / central bank front, it seems to be the case that there…
Market Direction: S&P 500 Above 200 Day Line Targets 2,100 BAE Systems (BA.): 560p June Price Channel Target I have to say that I find it interesting how day in, day out, BAE Systems is one of the most looked at share price quotes on the London Stock Exchange. This is over and above the…
Market Position: Euro / Dollar Above $1.1050 Targets $1.14 Randgold Resources (RRS): Above 6,000p Targets 7,300p There are likely to be few who disagree with the idea that shares of Randgold Resources have been one of the few real highlights to date among stocks which have not been involved in M&A so far this year.…
