Trading

Paddy Power Betfair: Above 50 day line targets £100

Paddy Power Betfair: Above 50 day line targets £100

1 mins. to read

I was reminded of Paddy Power Betfair (LON:PPB), not only on the basis that we are seeing much more volatility and interesting financial markets, but that we are also in the run up to a big political decision in the US. The last time the bookies made a market on that – Brexit – they…

Randgold Resources (RRS): Key support zone towards 7,000p

Randgold Resources (RRS): Key support zone towards 7,000p

1 mins. to read

It would appear that there are multiple factors affecting mining giant Randgold Resources, over and above it being the FTSE 100’s favourite gold price proxy. Indeed, one of the highlights of the stock market the morning after the Brexit Referendum vote on June 24 was the rocketing price of Randgold Resources shares. Thankfully, for the…

G4S (GFS): Gap through 50 day line targets 280p

G4S (GFS): Gap through 50 day line targets 280p

1 mins. to read

It would appear that the market was loath to let G4S off for its historical mishaps on the fundamental front, with this misery reaching its peak at the time of the London Olympics in 2012. However, from a charting perspective at least, it would appear that things are looking up. It can be seen from…

Condor Gold: 50 day line break could lead to 100p

Condor Gold: 50 day line break could lead to 100p

1 mins. to read

The US dollar may be near recent highs on speculation that there will be an interest rate hike in December. However, the gold mining minnows continue to be robust. This is all the more telling given that stocks led the commodities both on the way up to the 2011 peaks, and on the way down…

Global Resources Investment Trust turnaround targets 15p

Global Resources Investment Trust turnaround targets 15p

1 mins. to read

A Master Investor reader highlighted me to the attractions of the Global Resources Investment Trust (LON:GRIT) chart, and it seems worthy of an update. It may be an obvious, but nevertheless useful, thing to suggest that in technical analysis the oil tanker analogy is a very good one. The implication is that the longer a…

Earthport: Above 200 day line targets 25p

Earthport: Above 200 day line targets 25p

1 mins. to read

Rather strangely perhaps for a technical analyst I do not usually look at the volume data on stocks and markets. But today highly traded Earthport (LON:EPO) is a decent exception. Although I have to confess the world of cross border payments is about as dull a subject as I can imagine, there is a rule…

Greatland Gold: Above 200 day line targets 0.4p

Greatland Gold: Above 200 day line targets 0.4p

1 mins. to read

It may be the case that with retail traders long up to the eyeballs of Gold and Silver, we are due a new leg to the downside. But at least the minnow stocks in the area such as Greatland Gold (LON:GGP) appear to be progressing well. Greatland Gold is currently in focus following the announcement…

Cloudtag: Hammer rebound at 50 day line

Cloudtag: Hammer rebound at 50 day line

1 mins. to read

Wearables group Cloudtag (LON:CTAG) has been one of the big stock market winners of the year to date. It has been helped along by being in the midst of the Zeitgeist of tech gadgets, as well as health and fitness concerns. Being a fan of a stock which has climbed far and fast over the…

Sirius Minerals: Technicals target 55p post Rinehart intervention

Sirius Minerals: Technicals target 55p post Rinehart intervention

1 mins. to read

It has certainly been a long journey for fans of the would-be Yorkshire Potash miner Sirius Minerals. As most of us are aware, it is usually the case that for mining companies the key is less about the digging, and more about the funding. This is of course, whether or not there is actually anything…

ITM Power: Return To 35p resistance expected

ITM Power: Return To 35p resistance expected

1 mins. to read

ITM Power had been a slow burner until now, on both a technical and fundamental basis. But it would appear that the hydrogen refuelling stations company is set to take off in a positive way. ITM Power (ITM): Return To 35p Resistance Expected Renewable energy has ebbed and flowed, rather like the tide, in recent years…