Member Info for Borgy74

Nice to see my chart doing what the text book says it should do on a bottom triangle. 150p key resistance level broken.. but will it hold? Borgy

My chart as of close today ... https://uk.tradingview.com/chart/7c7VJ3gT/ Bottom Triangle maybe? Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period consolidation. A Bottom Triangle shows two converging trend lines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trend line with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. Thats the theory :-) but then this reaches 149p and drop back down again so we will wait and see. Borgy

Thank you Nhmusicman - where did u glean that info from?

Looks a familiar pattern: trending (range bound) between 140 and 150 .... with Support at 133.00 & Resistance at 150.00. expect the sp to fall now .... we will see.

Must confess i dont know much about this company yet i traded it a couple of weeks ago (maybe just lucky) in at 380 and watched it rise to 420p before deciding to sell out at 408p. In hindsight was a good call and i was using a charting set up to guide me. This now looks well o/sold ... so its on my watch list for a possible rebound. The more informed investors here is there any fundamental reason why the sp is falling so rapidly. I am aware the CEO resigned. my chart showing support now around 305p. Borgy https://uk.tradingview.com/chart/8q4yxn3D/

SP falls 3.44% on a volume of 72 shares?

Hi londondan I have not traded this one and have sat long for 104 days now. I generally prefer trading liquid stocks the like of Glen and other FTSE 100 companies. ATB.

as a swing trader i have surpassed my time in this stock at 100 days. sitting in waiting for this special divi ... is it ever coming so i can move on :-)..... range bound at the moment between 140p-150p.

my chart https://uk.tradingview.com/chart/AzOTEHih/

I like the current set up on BP hence why i went long in at 450p last week. On the daily chart ... MACD has a crossover indicating it has turned positive. The price came out of an oversold RSI something that it hasnt done for more than 12 months. (on the daily chart). I dont see resistance at 465p ... There was a Gap down on the 7th Feb ( Press release BP full year and 4Q 2016 results) from 478p to 463p. Its now attempting to fill that gap. If u look at the DEMA moving averages i use together with the McGuinley Dynamic (pink line)... the sp has crossed over ... this is a positive sign for me and keeps me in faith that jumping in at 450 was correct. My target price is between 500-520p and i am confident on this even holding it long term and banking the 6%+ divi. Of course if there is a market correction - technicals go out of the window but this is a pretty decent stock right now. Borgy

Invested for the first time here. I liked the chart set up as a recovery play. Possibly forming a base in the 180s .. MACD is positive. In at 185p with a target price initially of 200p for a 7% swing trade. https://uk.tradingview.com/chart/8q4yxn3D/ lets see how it goes? Borgy

to my fellow CMBN investors ... just watched this documentary on Warren Buffet. Nothing to do with CMBN but thought i would share it with you ... although given that CMBN is undervalued ... buffet would like this stock ... https://www.youtube.com/watch?v=Q0WKmtX_EUo enjoy it.

I have a note after reading in the Shares Magazine on the 01/02 to look into this company before results come out next month. Had a look in the investor relations but couldnt find the date. Anyone provide a date when results are expected. Thanks.

http://www.proactiveinvestors.co.uk/companies/news/173684/ubs-upbeat-on-bp-ahead-of-first-mediumlong-term-strategy-update-for-three-years-173684.html

Having sold out 2 days ago at 448p (the impatient trader instincts in me) I am now having to reconsider. My chart set up is here ... https://uk.tradingview.com/chart/w7HvTZqv/ MACD crossover has been rather consistent for BP - look at the green arrows on the chart. so if i buy in now 451p and target price of 520p upside potential 15% trade. i do think its its finding its base price right now. Borgy

LONDON (Alliance News) - The UK Competition & Markets Authority on Wednesday said it is considering whether Cambian Group PLC's proposed sale of its adult services division to Cygnet Health Care Ltd could cause a lessening of competition in the market. Cambian Group formally completed the sale on December 28 after securing shareholder approval. The original deal was struck earlier that month with Cygnet, a subsidiary of the US's Universal Health Services Inc, which paid GBP377 million for the business. Cambian cleared all of its debt following the transaction. However, the CMA has now invited comments about the combination of Cygent Health Care and Cambian's unit from any interested party before March 8, before a decision is made on April 21 on whether to advance the investigation into a phase 2, in-depth probe. "The Competition & Markets Authority is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the UK for goods or services," said the regulator. Cambian shares were trading down 1.4% on Wednesday afternoon at 144.44 pence per share. By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Nims can u possibly explain or show me the chart which makes you optimistic. I was long yesterday because of the some cross overs and it looked like i was vindicated when i went long at 445 and the sp went on to rise upto 456 but then came down to close 450, today all the positive indicators i saw on my chart were reversed so i have had to make a decision to sell... i will watch it and come back in possibly but disappointed in it not holding its 450+. https://uk.tradingview.com/chart/jek9Wc4f/

Nims can u possibly explain or show me the chart which makes you optimistic. I was long yesterday because of the some cross overs and it looked like i was vindicated when i went long at 445 and the sp went on to rise upto 456 but then came down to close 450, today all the positive indicators i saw on my chart were reversed so i have had to make a decision to sell... i will watch it and come back in possibly but disappointed in it not holding its 450+. https://uk.tradingview.com/chart/jek9Wc4f/

To justify why i have gone in. https://uk.tradingview.com/chart/ZzN0iQwP/ MACD has turned positive. SP crossing the McGuinley Dynamic at 448p is a good sign. I'll let this roast for now and maybe go in with a 2nd |Tranche

I am in. my small £10k tranche wont move the sp but i think i might have bought in at the bottom, support on the 200 SMA and technicals look good. Lets see how it goes. In at 445p ,,,