Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not quite. The market is saying that a 10% dividend means the shares are very risky. Next stop 120.
I'm always amazed to read the contrarians on the 1st day of bad news. I can't fault you for optimism, but the chart is telling you a different story, which also needs to be played out in the short/medium term.
KCOM was in an uptrend but couldn't break 110p. The business, reflected in the share price, has been going nowhere since late 2015, although the market wasn't signalling a fall. Then comes today's statement and that's all changed. Today's news also broke the bull trend and it's very likely it will settle back to 47p unless they can produce better results.
So many stocks are making H&S patterns and Tesco is one of them. It started in Dec 17 and the neckline is 197. Although Tesco made a higher high from March 2015's 243, it is not bullish and is also below it's 200 daily and weekly moving averages. Caveat emptor!
Correction: IGAS was stop hunting during the day and the break to the downside has been paused for now.
I'd say 58p target.
https://uk.tradingview.com/chart/IGAS/fnjzuRLK-IGAS-heading-lower-Triangle-break-to-downside-short/
About this time last year TRAK was going places. Since then it's been down, and fall in w/c 2nd July confirmed the downward trend. Now it's fallen well below 59, support established in June 2014, it's likely to hit 10. With a -63% fall from market close to open the market has spoken. Bulls & contrarians beware.
Bulls, Look at the monthly chart and you'll see a breakout of the trend channel at 180. This downward move may have a pullback but it's possible it could head towards 105. So bewar of calling this as the bottom. Only a merger/acquisition or significant business change can reverse the direction at present. Until then, bears win.
Thanks Grayling.
The market has more sway than the BBC a 5% increase is a big daily gain and it's also just broken 6138 resistance. From July it formed a small bullish rectangle and now the target should be 6750. GLA and DYOR
Good results, but didn't meet expected results, therefore marked down.
On the technical side, there's lots of bearish indicators, so the probability is that MRW will fall further. Despite that it will have to go below 238, a strong support level, if it's going to head lower.
In May Parity started to look like breaking out. But the 1st major fall on Sept 20th was a clear signal to sell at 11-12p. Today's news adds more fuel to their bearish fire. Parity is heading lower and to all time lows.
If you're a bull or a contrarian, best of luck!
I used to like FTC. Now I don't.
3rd Sept was breakout day, and now it's falling back towards 15 - 16.
#bearish
Today VOD fell below support which was established in July 2014
Next stop is 143 established a few months later in Oct 2014
On the monthly chart it also appears very oversold, although this can persist and price can fall further.
You might expect a pullback at some time, although VOD is a bond proxy and if yields continue to rise VOD will continue going South.
GLA
Today's move is very bad (in my opinion) as the fall has gone way below the Head and Shoulders neckline. I predicted an H&S was forming on Sept 27 (see link) and EZJ has dropped continuously since then. As the pattern may not complete, the next stop could be 1000 and worse depending on Brexit.
GLA, but if you're bullish, now is not the time.
Prediction: https://uk.tradingview.com/i/Pa5mHIYs/