PI volume is low but RSP/Off book/ Intuitional is steady
I added quite heavy in the post market auction yesterday, it may still drop but its still in range of 280 support
When volume picks up, even slightly I personally feel this will move up rapidly. Patience thats all
TEP needs to shake of the shorters thats why
GLG keep increasing and selling off what they have borrowed
Top up time
Volume is very low (and been slowing for over a week) coinciding perfectly with the 380 major support
Although Im still significantly up on this and its pulled back on the weekly im holding (was 20% now 13.75%)
Look at the normal per Ofgem levels
Banana's Im looking to add again now..strong support circa 380
Nuri given you see yourself as an analyst please share your calculations, in-depth, to which you derive a price of £1
JG IMHO you are save at a little over £5. Obviously not the best entry point but this will oscillate between 420 - 514 (it may drop into the 380-420 zone temporarily) but patience is needed thats all
Topped up again today
Overweight now in CMC but confident
Will buy another £20k min if it hits 280
MrBB if you look at CMC I think its a heavy over reaction. There is no accounting error. This is the key the market seems to have missed
"should current market conditions prevail for the remainder of the year"
Earnings have pulled back for the last 6 weeks or so this new forecast is based on the remainder of the year pulling back at the current rate. It may never do so
IMHO They have gone from overstating the ahead of expectations ( 4 times this year) to now overstating the potential behind expectations
I have no resistance until ca 518. Heavy support is 380 but we seemed to have formed some sort of resistance zone 400-420
RSI 50 has just crossed above , indicating change of sentiment to buy, with the DMX confirming & awesome indicator zero cross
Definitely looking much better but I never say never with MCRO, which IMHO is why its best for a long term hold and take the dividends topping up on the dips
From the chart there is little resistance until circa 800 then its back into the 10 region
OF course the issue will be people selling to take profits, but remember this dropped from 1092 6/1/21 to 389 low 16/3/21! Thats a little over 2 months so logic would suggest its possible for the reverse to be true, even if unlikely
Yes superb news, enough to change the sentiment and hopefully get momentum going
Decent upside here IMHO
Thats my concern noggers, Having said that ive just bought in @ 791. Severe drops on the 15 min chart at 130 & 145 look well over done
We have strong support c783
>Shoot him an email, he might need your advice.
Thank you for the vote of confidence (even though that wasnt my inference) but Im not available for hire ;)
SCB each to there own. I use them in combination with fundamentals , momentum and intangibles like sentiment
Charting isnt a science but it can narrow down probably significantly
Maybe if Buffet had used them on his airline investments he wouldnt have lost at least 7 billion? Maybe
>Mystery where that 40p support figure is from tbh? Completely made up?
SCB its a linear regression line from the chart
>I cannot see a case, looking at the economy at this stage to have a lower base rate than 0.1%.
net interest margins are a concern which is why they have moved to expand the wealth management segment (already strong growth)
Looking cheap now
Im in ..hoping 45 holds but no major support until c40
I was just thinking the same
The second-quarter figures, announced on Monday, easily beat analyst estimates, which had predicted income of about $3.7bn, despite a slight drop in revenue..
"A slight drop in revenues" - revenues were 10% (or $1.4bn) lower year-on-year.
HSBC's 21Q2 Adjusted PBT is $2.97bn higher year-on-year, but this is entirely due to credit releases that made provisions $4.45bn better (to a release of $284m). In addition to the revenue drop, costs were 4% higher - so pre-provision pre-tax profit was 22% lower ($5.28bn vs. $6.76bn). NIM was down another 1 bps from Q1, which includes a decline of more than 3 bps in both Hong Kong and the UK ring-fenced bank.
Yea flipping Reuters / PRNewswire spreading FACTS about company business to the markets
Dirty rampers!