To coin a term I picked up before the EU Referendum, I am suffering from a degree of Brexhaustion, and therefore it seems wise not to pour oil on troubled waters. Rather, I’ll take a look at the oil & gas sector and a possible opportunity there… Cairn Energy (CNE): Break of 50 Day Line…
The FTSE 100 is back in the black, and doing so in style. Cynics such as myself would put this down to the penny dropping there will either be no Brexit, or that it simply won’t happen for a long time. Boris Johnson only campaigned for Leave in order to remove David Cameron, and Free…
The Project Fear strategy may have been the reason that Remain failed, but so far it was spot on as far as Sterling collapsing is concerned. That said, the “Pound in our Pocket” tanking will only have positive effects on the economy and may even prevent a recession… Pound/Euro: Below €1.20 Risks €1.12 Anyone who…
FTSE 100 Stocks Barratt Developments (BDEV): Initial Rebound Prospects It is interesting that even though the housebuilders have enjoyed the benefits of zero interest rates and capital flight from the bust EU and elsewhere, the Brexit has really given them a painful initial mark down. This is surprising given the way that there is little…
On a day of shock, surprise, and perhaps for some, horror, on the stock market there was a golden performer. This came in the form of West Africa focused mining play Randgold Resources, one of the most consistent and impressive gold miners on the UK market. The initial mark up here was by over a…
It remains one of the stock market mysteries that while online grocer Ocado has struggled to turn over a profit over the past decade, the valuation and indeed the share price seem to defy gravity. This is apparently the case even though retail sector disruptor Amazon has just invaded its space. Ocado (OCDO): Ultra Sharp…
The last time we witnessed the type of positive reversal which can be seen on the daily chart of Chemring in the past 24 hours, the shares in question – Plus500 (PLUS) and Imagination Technologies (IMG) – not only rebounded but put on significant gains. Chemring (CHG): “Power Drill” Reversal There are a couple of…
On the face of it the recent journey for shares of Highland Natural Resources has been the worst of white knuckle rides, even though the move to the upside after the break of the main 20p zone to 70p plus was relatively well flagged. Highlands Natural Resources (HNR): Support Still Above Key 20p Zone Highlands…
Premier Oil really has been one of the stocks for the year to date, even judging it by the stellar recoveries we have seen for many of the plays in the resources space. The question now with the shares having more than tripled from the lows and with Crude Oil double its 2016 base, is…
FTSE 100 Stocks Anglo American (AAL): Price Channel Support It would appear that there are at least a couple of major influences on Anglo American over and above the strength of the Chinese economy, the biggest customer of all the leading mining stocks. They are where the FTSE 100 is, and of course where the…
