Member Info for AL75

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

Good day for BIFF after breaking out from 260. In a few months it should have 350 in its sights. 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/

Bullish because in one day, it gapped to 3404 and then sold off to almost fill the start of the gap at 3030 (it reached 3061). Then upward to 3300 by the close. That's good. DYOR

Seems to be performing OK and managing the retails environment well.
However, not a great boost to the share price which tells me not to get too excited about their prospects.

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

217 is top of the cup and handle pattern (started in May 2019) which is about to complete. Let's see if there's a breakout.

GSK is breaking out after a monster 6 and half year rectangle pattern.

Not sure why VOD hasn't joined the post election party but they along with big pharma, and assorted others like Unilever and BP, seem to be missing out.

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.

Thanks for the detailed answer FRTB.

Today is breakout day. DYOR

Has NRR completed the cup and partially the handle for a bullish reversal? Wait and See.

PS: Anyone any comments on Property Unit Trusts vs. REITs against a background of the M&G property fund freeze?

11th Nov BAD NEWS: Buy at 160 "this is the bottom"
29th Nov AVERAGE DOWN Buy at 130 "must be the bottom"
6th Dec Upturn to 140 "Happy Days. It's recovering"
9th Dec TSUNAMI OF BAD NEWS Buy at 60p "I'm in shock!!!! But, hey I'm now I'm a die hard long term holder."

A volatile instrument, but then again if timing is right you can get great returns. Just like some AIM stocks, it's not for the fainthearted.