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176p resistance remains. Hit a third time since Oct 2017, but results were not enough to break it.
Breaking out from 27p resistance established in Nov 2017. Still in progress
Seems like they were doing well. Then a cash call and very poor figures today make it a strong sell.
Part of their outlook. Doesn't say there is a stock shortage, but that's what they expect. "UK brick manufacturing is facing stock shortages, with demand exceeding supply, and cost inflation. Any margin improvements that result from these forces will benefit the Group."
So far, the market has given a positive response to MBH; up 8%. That's after a significant pullback from 96 to 75. The price now is also sitting at previous resistance, which for me means it's turned into support. In the next few months I expect MBH to move ahead to at least 97 and 105 at best. Wait and see.
Pulling back from the �42 high. Today's decline on the trading statement has moved the price into a strong support. Will it hold though? Wait and see.
217 - 219p firmly rejected, which remains short term resistance for now. It held in Nov/Dec 2017 as well as twice this year. However, we may see a more conclusive move in April after their finals reveal more.
Whatever's happening at SFR, the market won't go over 88p at the moment. That's very strong resistance and has stood firm since 2012. I think in 4 month's time we'll have an answer on whether it breaks 88 or heads down below 70.
Market is deciding, and the answer is no. Faked strength on the results and now selling off.
From a technical view Tesco is not yet in an uptrend as it would have to break 253p for that. However, things are looking good as it has a) Broken away from a triangle formation from Mar 2015 to Dec 2017. In 2018 it has formed a Head and Shoulders pattern which is a bullish signal for more to come. Patterns aren't always correct but they are helpful to decide what to do and when.
Heading back to 176p ?
Daily and Weekly charts show LSL looks weak and probably bearish. Today maybe the first big downward move. Wait and see, but next stop could be 225p.
No explanations, but technically it could head back to 368 if the weakness persists.
Name change today. Crossrider has become Kape Technologies plc
Looking bullish, but still needs to convincingly break 5p. https://uk.tradingview.com/i/UOpNFAy9/
Unclear yes; for a share that hit 3044 at its lowest on results day and a few days later is 3488 with an all time high of 3558 this morning? (a 16% rise between the high and low) Still bullish, but stops were clearly hunted and closed before a strong upward move.
I'm technical, and the drop to 3050 at the open shows the market still has confidence as the price was pushed back upto 3200"ish". Bullish trend continues and on the daily chart it's far away from its 200 Exponential Moving Average which is 2772. For me it's still a hold.
Good move for Findel today but still a lousy bid/offer spread. Needs to be shortened to attract more trades.