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Moosh, I agree on this one. Looks really valid though I show a midlevel target of 14.5 or so. I'd a 3 day warning on TNZ in my data run Friday evening - as in it might do something in the next 3 days! UTN and ACC are both looking of interest. Guess the performance will greatly depend on the market itself on Monday. My two key levels on the FTSE are 5769 and 5741 in the first hour. If 5769 is broken, the Xmas rally is confirmed (FTSE to around 6000) whereas if 5741 is broken, it is in doubt.
Trades above 17.9 indicate a potential spike toward 21.9 in the short term.
A close above 2.67 will suggest breakout. This was mentioned in my roundup tonight, again.
CAD is right at the point of breakout yet I notice some people are selling. Strange days.
Guess I either need to change my glasses or my batteries in this keyboard! (Just read my spelling)
Retrace to either 6.7 or 6.25 is indicated in the tea leaves. Nice to have you posting in the vaccum again.
This kinda fell off a cliff today, did it not. Looks like a treeshake gone badly wrong or something. Guess the next few days may give a clue.
If CHAR has an up day and exceeds 193, the initial short to mid term target is now 249. Guess it all depends on the market, though I notice Ireland is fading from the news and Korea is being air brushed away. For a change, it is probably worth watching the futures open tonight as they will a clear idea of market direction on Monday. Scary stuff, innit?
Having done a wee bit of chart work tonight, some new bounce points have emerged as both LLOY and BARC have achieved (and thank you) their gap closed but have fallen further than they should. LLOY is now showing (a potential) somewhere around 54p and BARC around 244. And my old favourite, XTA shows 1105. Obviously, none of the above may happen but the current market trend suggests they are all possible, due to the FTSE remaining on track for a retrace to 5400. What is really bothering me is that whilst I have mentioned that 5400 potential several times, why the heck is the driving news fitting the logical market trend. I really do not get it. Stock market potentials cannot predict an Irish Problem, a Spanish Problem or a Korea issue, except they do. Given previous years market performance over the coming period, I suspect we shall get a few vile days toward target in the near future, then strong recovery from the beginning of December until it all goes wrong around mid February. Alternatively, 'they' will have fooled us into a state of bearishness and will stuff us all with strong recovery from Monday. And if anyone doubts 'they' exist, one need only look at the performance of the FTSE over the last two days whilst the DJI was closed. As the market could not be too far away from the DJ when it re-opened, the FTSE went silly today and stuffed rather a few indice traders. Thankfully, I managed to avoid that shambles but still only finished the day 3 points ahead in a day with an 100 point range.
Well, I guess the parameters I mentioned worked out. As it traded below 63.5 on Thursday, I had a suspicion it may relax but today looked like carnage. Or one heck of a treeshake... Will keep an eye on this one.
Thanks. I'm keeping an eye on Zoo. Emailed you my list for tonight but OTC look to be of special interest.
What do you think of ZOO? It was on that spreadsheet I emailed you earlier and I'm kinda liking its position.
This lot are looking of interest for some growth in the near future. The warning sign will be any trades BELOW 63.5 giving the suggestion it is not going up after all. However, the price was moved above its trend today on very few trades, so may prove interesting. As for the market itself, I remain clueless. The Korea, Ireland, Portugal, and Spain things seem to be skewing logic.
Usual caveats apply. Good luck. The biggest 'danger' it faces is if the stock market bounces from the 3 year line. That will bring CHAR up as well. Given the plethora of Doommungering going on at present, I suspect the FTSE at 5400 is the logical floor unless this Korea thing gets interesting. All joking aside, it would be wise to watch the FTSE in conjunction with CHAR as it's no longer a penny share and will be subject to the same imperatives.
Impecable timing Moosh. Nice find. I cannot figure out a sane target except somewhere around 4p!
Concur with this one from my trend line thingy. The first test breakout at the start of October has backtested and now, to my eye, it's going for the real thing.
Pityu software flagged this up as being of interest once it nearly doubled in price. 11p target though trades below 6.67 would cause a problem to this potential.
Recent chart movements suggest DAN has broken free of the malaise and now entering a rising cycle. If the price now closes above 1.45 without an intraday low being below that figure, there is a distinct probability of a spike in the price.
The share price at 9.125 or slightly less would be a viable entry point, prior to it moving upward with any stability. Quite a strong chart position. It does need to relax to such before going up properly. In my opinion and read your own tea leaves.
I would not be surprised to see 6.3p in the coming days as an entry point. Maybe less. A gap formed in the trade price between 12:55 and 13:05 on Friday, so would expect that gap to be filled intraday pretty soon.