Member Info for AL75

Breakout from 104 in the last 2 weeks, although it hasn't retested it yet and we're only at the start of week 2. Let's see what the next few weeks bring?

Irrespective of fundamentals and speculation, NESF is breaking out of a downward trendline established at about 123 in Sept 2022. That's on the weekly chart and it will need to confirm it in the coming weeks. Next resistance to break though is 77.5, which in my view is likely.

One fact on Fundamentals: NESF still trades at a discount of 25% to NAV, and remains "unloved".

PS: This is not a solicitation to take any type of trade in NESF

Marked up over 4 to 5% on the day on Rachel's spending review. Looks like a trend reversal might be happening.

Breakout after retesting 88. Bullish breakout and trend reversal.

Also today, for what it's worth, Panmure Liberum started coverage of Target Healthcare with a buy rating and a target of 112p.

I can understand the reason traders argue over petty things:

The "narcissism of small differences," a concept introduced by Sigmund Freud, suggests that intense hostility and conflict can arise between groups that are otherwise similar, with minor differences being magnified and perceived as significant.

Another leg to the downside after hitting resistance at 70.4 in mid March. Thought it would head up to 87 to finish the head on the head and shoulders pattern, but it's not to be.

Some thoughts:

An annoying piece of news for bulls. It still has another gap to fill at 370 ish. At least this bad news is priced in. Difficult to pick an entry at this time though (maybe 300??)

Technically PSN is heading towards its 2023 support of 967. 1st stop 1059 though made in Jan 2025.

Of course, this may not happen otehrwise I'd be mega rich accurately predicting the future.

Downtrend still in play, and odds are not good on a reversal just yet.

Technically, 518 is in sight as that's where strong support is found.

There is no bravery. You analyse the pattern/trend/indicators. Then, you could analyse fundamentals too. Even if all these are good, you can still get it wrong.

Entry point is a risk/reward calculation. Benefits: You may get some wrong but the bigger winners turn an overall profit. You also stop trying to bottom fish, marry your trades, HODL, trade with emotions and many more. It's a process. GLA.

Looking at the daily chart for the last 5 years: The trend continues, up, down or ranging, irrespective of the dividend.

For those with a long term view:

LGEN appears to be in a multi year topping pattern, which is now almost 12 years old.

Support is 160 then 122

Recovery from 2008 financial crisis finished in April 2015

Today's news is small fry and the market has strongly rejected it

Would need to properly break 257 to head higher and needs fundamentals, economy or a takeover to help

Good last 2 days.

Here's the opinion on Trading view: https://www.tradingview.com/chart/NESF/iRnNekt4-Reversal-in-progress/

Reversal maybe in progress. Not clear yet, but today's rise and the last few weeks' consolidation are positive.

Volume is above the weekly averages and the RSI (one of many indicators) could start heading upwards from this week's 44.

If you're bullish, 86 is one target.

Downtrend since June 2023

No sign of reversal

Support is 2039 and it should head there.

Needs fundamental change for trend to reverse or maybe a takeover

Rectangle pattern now lasting approx. 14 years

Moving between 1837 and 1269

Ignores spin offs and dividends reinvested

Recent pivot low was 1294 and this should confirm an new leg up

If breakout of triangle pattern, 2700 is possible, but that would take a wonder drug and/or takeover to do it.

GLA and this is just my own technical opinion. No advice given.

Round trip to 1995 1996 prices, around 53, now in sight as price declines yet further.

Technically it should form a right shoulder and head towards 435. This is not advice to take any type of trade.

Trying to understand the chart:

3rd rejection at 165 (week commencing Jan 13th) - Therefore, strong resistance at 165

BUT resistance on 30 day moving average at 137.

Other resistance is 120, hit twice since last November.

So overall it has yet to make a decisive move to either upside or downside. Any comments?

641 neckline, then retracement expected.