British retail seems to be in a bit of difficulty. To be fair it’s mainly the leviathans that haven’t moved with the times. BHS for example. A company that ignored having an online presence until it was too late. Probably this comes about because the management are afraid to make a mistake changing things, and…
Market Direction: Dollar / Yen above 110.50 Targets 114 AB Foods (ABF): Risk of fall to February Gap Floor One of the more painful times in the technical cycle is when we are at a long dated trend from which the rug is pulled. This is what we appear to be looking at for AB…
Market Direction: Euro / Sterling Key 50 Day Line Support Ashtead (AHT): Risk Of 2015 Although one could perhaps suggest that almost any time could be crunch time for a stock or market these days, for Ashtead at the moment we are waiting to see whether the latest price action is merely a continuation of…
Market Direction: Silver above $16.50 Targets $18.50 Plus Intertek (ITRK): Momentum Trade Even though most of us are probably not familiar with the exact nature of the business model of Intertek, it is the case that the company has been a potential takeover target almost from the day it came to the London stock market.…
Market Direction: FTSE 100 above 6,250 Targets 6,600 Rolls-Royce (RR.): Technicals Point to 800p It is perhaps unfortunate that over the past couple of years and more Rolls-Royce’s most regular contribution to the stock market has been profits warnings. However, the jet engine group looks to be on a better footing chart wise as 2016…
Market Direction: Gold Pennant Support at $1,220 BT Group (BT.A): 510p Trend Channel Target What is interesting about the daily chart position of BT Group at the moment is the way that the shares have managed to make good on the bear trap rebound from below the former February intraday support. It is also helpful…
Market Direction: Dollar/Yen below 110 Still Points to 105 Antofagasta (ANTO): 640p Destination What is interesting about the daily chart of Antofagasta currently is the way that, as one would expect, the daily chart configuration over the recent past mirrors what we have seen in contemporaries such as Glencore (GLEN), Anglo American (AAL) and many…
I remember when Red Ken was running for Mayor. Livingstone you presume, recently exposed by the Daily Telegraph as having funnelled a couple of hundred grand through a tax avoidance scheme – which is something I haven’t seen any lefties reposting on social media. That was before he was in office, but once he was…
Market Direction: Euro/Dollar below 10 Day Line Risks $1.11 BAE Systems (BA.): 575p Technical Target I have to admit that I am still trying to work out why shares of BAE Systems remain amongst the most viewed in terms of investors seeking out its stock price? However, it is a FTSE 100 stock and given…
Market Direction: Euro/Sterling Key 79.4p Support Barclays (BARC): Broadening Triangle Target of 185p I must admit that I have enjoyed the latest Barclaycard spin off story regarding Barclays. Of course it should be said that in terms of a company having the brains to realise the asset that it is sitting on, this example should…
