Market Direction: Pound/Dollar below $1.45 Risks $1.40 Again BP (BP.): Above 50 Day Line Targets 400p As we are allegedly at the dawn of an extended recovery for Crude Oil, it seems fair to be going with BP to see whether some of this renewed interest in the commodity has fed through to the share…
The worst thing about Bank Holidays, apart from the fact that they commit most people to time off that may not suit them – particularly if the date is governed by some Bronze Age lunar thinking, producing a double holiday in the middle of the spring showery season – is that it messes up all…
Market Direction: Crude Oil above $35 Targets $45 GKN (GKN): Gap Reversals Leads to 330p It can be said of many stocks for February that they were displaying very strong reversal patterns, but of course the sentiment was so poor most of us would be wondering whether it was too risky to take the plunge…
A sunny spring day today as I write, the 80-odd ladybirds that took refuge in my office last autumn are waking and flying around. It makes me think Wimbledon isn’t far off and then it’ll be winter again. Carpe diem! Here in the UK, one of the few luxuries afforded by the copious amounts of…
Market Direction: FTSE 100 above 6,100 Targets 6,400 RBS (RBS): Wedge Breakout Back To 260p Rather against the odds the market has welcomed the RBS initiative to add robots to the payroll, or at least use them in order to cut costs and perhaps offer a better service without the vagaries of the human condition.…
A few years ago a friend of mine invited me to a speed dating party. Dating in the UK is a minefield. Many people at speed dating events are there with their mate and aren’t even single themselves, but having cajoled their single mate into going, tagging along was the deal breaker. Traffic light parties…
I bought a winter jacket in Sports Direct (SPD) this winter. I’m not sure what it has to do with sports. The same goes for my Dunlop wellies. I don’t have a horse, or even a Rangey (Range Rover). My idea of sport is taking on average people in debates and annihilating them. That and…
Market Direction: Dollar/Yen below 114 Could Lead Towards 106 Hikma Pharma (HIK): Bear Trap Rebound Targets 200 Day Line It has not exactly been a pleasant journey in the recent past for shares of Hikma Pharma, either on a technical or fundamental basis. This point is underlined with the problematic M&A the group has been…
As usual with government policy there is a mixed message. The Budget is no exception. Probably the headline news is the sugar tax about which Osborne said he introduced so that the next generation wouldn’t be able to say “We knew there was a problem with sugary drinks. We knew it caused disease. But we…
Market Direction: Crude Oil above $35 Could Still Target $43 Unilever (ULVR): Extended Build Backs Breakout Argument What is a standout as far as the two blue chips being charted today is how similar the daily timeframe configuration has been over the recent past. In the case of Unilever it is evident that we have…
