focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
nice break out of an ascending triangle on the daily charts and over 100p. Looking very strong now to build on this move up IMO. Mr Bluesky
http://imageshack.com/i/f7qcfoj 29/12/13 The above chart is the FTSE 350 mining index weekly chart. It shows that the index has been in a decline since early 2011. The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around. the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance. Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally. RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now. Mr Bluesky ............................................................................................................................. http://imageshack.com/i/3oght4j FTSE 350 mining index Weekly chart 14/02/14 Above is the up dated chart showing that the MACD crossed over on the weekly chart and the index is now just under the long term descending resistance dating back from 2011. One more up week for the index and the mile stone of breaking out over the resistance will happen turning it from short term bullish to long term and propelling the mining sector back into an investable one after 3 years of demise. 2014 truly does look like the year the miners dig themselves out for the recovery.
Looking at the chart for SIV it looks set up to take on 200p next week IMO. Mr Bluesky
Some good director buys today that should help with confidence here. Mr Bluesky
Have I ?
5.5p actually ;)
big break out not bid break out
I have just looked at the charts again and this is looking primed for a bid break out soon. I am not going to say things like "get in quick" before its to late as You should do your own research on this and not be swayed by a faceless poster on a BB. My entry price is c.6p and I will be holding for quite some time. Mr Bluesky
Hello! This bb suddenly woke up. And I think we will be getting a few more visitors. Mr Bluesky
BRWM is also looking ripe to invest in so will do a chart on them also. Mr Bluesky
I am going to start posting my thoughts on the FTSE 350 mining index on this BB as it is not very well used and would also be apt. I stated on another site (ADVFN)where I started a thread that 2014 would be the turn around year for the mining sector and after these few weeks there are very positive signs already that this will be the case. I will post some charts and comments over the weekend and I will be mainly looking at the miners in the ftse 350. Mr Bluesky
8p first But this is on the verge of a big move up and soon IMO. Mr Bluesky
Norcros PLC expressed confidence it will make progress in line with expectations for the full year, despite the pain caused by the weakening South African rand and strengthening sterling. Norcros saw reported revenue rise 5.0% in the 18 weeks to February 2, or a 13% increase at constant currency rates. On a like for like basis, which excludes acquisitions and disposals, reported revenue decline 7.4%. The bathroom interior products company said market conditions remained mixed in the UK, with recovery driven by new house building and housing transactions, but weakness continued in the retail sector. UK revenue rose 18% over the 18 weeks on a like-for-like basis. In South Africa the market was challenging during the period, Norcros said. However it continued to see progress in export markets. Revenue grew 2.0% on a constant currency basis during the period. However, the weaker rand meant that reported revenue declined 15%.
i first bought in here on jan 17th when i saw it was setting up to break out over 6p. It did then dropped back again but I have held. It is now at a point where it could see a very big break out and in days not weeks. This could get very exciting very soon IMO. Mr Bluesky
I mentioned a whaile back that SKG looked to be in a bullish chart pattern at it did indeed break out soon after. It did then fall back again to back test the break out but has picked back up again. Final results today look promising and I would hope that the market accepts them well and we get a rise on the back of them. Mr Bluesky
WIN is on the sick list after its rally. A drop through 120p and its 110p . A would not expect it to go lower. Mr Bluesky
Cheers! You got any good looking charts in mind? Mr Bluesky
just thought I would show my face as I am still in this and holding as its one of the best recovery companies and best looking charts on the market right now. Mr Bluesky
liquidity is a bit of a problem with biggish spreads as in today but did not put me off as I am break even all ready from my morning buy. Looking fwd to the IMS on thursday........I hope ;) Mr Bluesky
moneyam give the on going candlesticks live although delayed so you can see them progress intraday. Mr Bluesky