The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is an inverse head and shoulders, possibly signalling a trend reversal. Too early to be bullish though.
My view on the chart: https://uk.tradingview.com/chart/W7L/AV0obhDN-Inverse-H-S-at-Warpaint-Bullish-reversal/
Bullish break from a tight range since November 2019. Not backed up by any substantive news though. However, very good volume at this stage in the trading day, which means more possible upside in next few days. Also broke 11.6 resistance established in Oct 2018, a good sign but not conclusive. Only price action will tell. DYOR
RBS has been ranging from Oct 2017. There's been no breaks to establish and uptrend, and today's news reinforces the last test of resistance at 260.
230 was also resistance at its 200 weekly moving average, and for me its heading to 180 before any likely bounce. Not a day to buy in my opinion. DYOR.
BAB really broke out in Dec 6th reaching 596. A good entry point. However, although it reached 648, the market (in the past few days) was unsure and the breakout target of 737 was never going to be met. Today's news puts a substantive reason behind the share price weakness and I expect more to follow. A fall to fill the gap at 450p is now possible. DYOR
CEY has formed a small inverse Head and Shoulders pattern since Dec last year (1), and today it's breaking the neckline. Gold remains strong and new buyers are coming in. Interim target 140 - DYOR
(1) Best seen on the 4 hourly chart
Low PE & a high dividend % tells you what the market thinks of BT.
Through TV, Broadband and entertainment, BT has had a chance to expand its business. However, it has always failed to inject any significant revenue & profit momentum. So the stock has responded accordingly. Unless something changes, this company will remain treading water or slowly sink.
After retesting resistance at 727, Phoenix is now breaking out. (My opinion - Not a recommendation - DYOR)
Chart to show what's happening. https://uk.tradingview.com/chart/PHNX/hkP8AJ53-After-5-years-of-resistance-is-Phoenix-breaking-out/
Some traders' thinking:
FEVR posts a poor trading statement
It's already in a downtrend
Share price crashes on poor results
Some retail traders buy in same day thinking it's cheap.
Sorry to say, the price is very likely to head lower as the chart (see below) has been bearish from May last year. The price is also now below its 200 week moving average and that's no sign of a recovery or a buy signal.
chart: https://www.tradingview.com/x/TaqOIuCt/
For me this has now broken out from the high of May 2013. It has also emerged from an almost 5 year rectangle pattern. As today is an all time high, that means there's a clear path for a push to 2270.
PS: Only the opinion of one market small fry. DYOR
No short squeeze yet.
9% of shares were short in July compared to approx. 7% today
However, recent shorts taken out between Oct to Dec this year show some hedge funds are still bearish.
IMHO BAB is undergoing a trend reversal and could turn bullish in the next few months. if that happens, unwinding of shorts will help propel the share price.