It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do. Ibstock (IBST): Above 50 Day Line Targets 200p Apparently in the world of…
Focusing on the overall chart pattern can very often be the best way forward with regard to volatile small caps such as Sovereign Mines of Africa. Sovereign Mines of Africa (SMA): Bull flag above previous resistance points towards 1.2p While it may be something of an exaggeration to suggest that in terms of the price…
If only we could all discipline ourselves to only picking on companies with charts like Cloudtag… Cloudtag (CTAG): Technical target as high as 30p Cloudtag has the current honour of being the most followed/trending and just plain loved small cap on the London stock market at the moment. It has achieved multi-bagger status and offered…
It is normally the case that director buying or selling is significant as a signal of confidence or woe. We are reminded of this in the aftermath of the latest selling at Plus500. Plus500 (PLUS): Support above 200 day moving average There are a couple of major points of interest regarding the recent history of…
It may appear to be somewhat churlish looking at an oil & gas explorer on the same day as the latest OPEC meeting in Algiers, but it would appear that the set up at Tullow Oil does merit investigation on a technical basis. Tullow Oil (TLW): Trend channel target at 300p One of the clichés…
With Deutsche Bank the next Lehman Brothers on this side of the pond, and a Punch & Judy Presidential Election Stateside, there is no reason and no justification for indices like the S&P to be near all time highs. Only the so called Plunge Protection Team explains why U.S. Stocks are still near the top…
While the housing market is clearly still one of the main topics of conversation at dinner parties, and continues to hold up despite a fall in mortgage approvals by a fifth in August, the real issue is perhaps whether the rebound for housebuilders can continue… Barratt Developments (BDEV): Imminent triangle breakout The performance of housebuilders…
It is sometimes difficult not to be swayed by what the trading Twitterati are excited about. The current Stock Du Jour is Ferrum Crescent. Ferrum Crescent (FCR): 0.6p Technical Target It was the turn of the Executive Chairman of Ferrum Crescent Justin Tooth to be star of the show in the small cap market this…
It seems somewhat ironic that in a week dominated by Apple’s potential takeover of McLaren in order to go further down the road of driverless cars, one of the best performing stocks of the week on the UK market has been Seeing Machines. Seeing Machines (SEE): Technical target as high as 8p Considering that we…
Being something of a chocoholic, and being one of the few people actually prepared to pay £3.85 for a 65% Supermilk bar, the short history of Hotel Chocolat has been a source of much personal interest. Hotel Chocolat (HOTC): Break Towards Implied 300p Technical Target It would appear that the rating upon which Hotel Chocolat…
