I have to admit that, as in the case with Lonmin (LMI), at one stage earlier this year I did succumb to the idea that Glencore may be no more. Instead, the share prices of both companies have reversed sharply to the upside. In the case of Glencore, the question is can it continue? Glencore…
Being a dedicated follower of fashion, and on the occasion of its first season-less catwalk presentation, it would appear this is the right time to take a look at luxury brand group Burberry. Burberry (BRBY): Support above the 200 day moving average targets as high as 1,800p The recent history of Burberry has been an…
One of the better aspects of trading/investing via technical analysis is that one can head above the clouds as far as the fundamentals of a company are concerned. Clearly, the odd profit warning and placing can sometimes slip through, but this is the exception rather than the rule. Octagonal (OCT): Sharp, Positive Momentum Financial services…
FTSE 350 Stocks Barclays (BARC): 200 Day Line Resistance Perhaps one of the most interesting aspects of the post-Brexit rally was the way that the banking sector received a decent boost in share price terms. However, so far this month it would appear that investors are starting to think again, especially in the wake of…
Pantheon Resources bulls have certainly had the rug pulled from underneath them over the past couple of weeks. There are some interesting technical ramifications of what has been happening here. Pantheon Resources (PANR): Key trading zone near 100p One of the bigger developments in the past couple of years for the smaller end of the…
Although it has not exactly been a smooth ride in recent months on the daily chart of Management Resource Solutions, it does appear that the bulls will be in charge once again over the near term in quite a significant way. Management Resource Solutions (MRS): Run-up to golden cross targets 35p zone Management Resource Solutions…
With volatility at its lowest in two years during August, it may be the right time for investors to make a play on a volatility spike, either by entering the options market or by playing with the VIX index. After a scary 24 June, asset prices entered a long period of tranquility, during which equity…
I usually take a look at stocks in the Chart of the Day, but on the big turns I do switch back to the indices and currencies. In the case of today’s market, the spotlight is on the S&P. The current view is that if it does not go down and stay down now, it…
I have met the management of Techfinancials enough for them to be fully aware of my comments regarding the progress of my middle age. But as far as stock market sentiment is concerned, it is this business’s coming of age that we’re interested in. Techfinancials (TECH): 40p Best Case Scenario Target The kind of charting…
The run up to a company returning to profitability can be as positive on a fundamental basis as the technical run up to a golden cross buy signal between the 50 day and 200 day moving averages. In the case of Wishbone it would appear that the fundamentals as well as the technicals are equally…
