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26.2 is the logical high from a chart perspective. I would strongly doubt whether the current movement will take it there. 23.5 or perhaps a smidgen higher should be the best potential in the next couple of days before relaxation to around 20p, then a move toward the 26.2 level. The bad line on my chart is at 19.68. If the price moves even a tad below that, I'd not be surprised to see a movement continue toward 16.25 before recovering to the higher target. I presume you are wanting to talk about RRL rather than how to make BBQ charcoal at home? (my current pet project <grin>)
Before anyone starts to sell on the basis that this is getting dire (er), I can make a pretty good case for 29.7 being logical bottom of this shambles. (entirely from chart logic) There has been a pretty determined walk down from 43p and the movements today felt like a final shake before some positive direction intrudes, possibly back to 43p short term but more probably around 53p mid term. Obviously, a duff RNS will spoil the logic but I would not be surprised to see some good news appear pretty soon. My average is 41p as I bought due to a 'tip' from a friend rather than on chart logic.
On VSA, if it pops above 0.565 tomorrow, might be an idea to buy one of two for a quick punt with initial target 0.68 (though it may well do 0.93). If it pops BELOW 0.525, the logic is wrong. No idea who they are or why they bother doing it. Mentioned in my first run of my newest software knockup, so probably a load of rubbish. Now I am getting worried about the Japan thing. When the media start printing stories designed to say "it's bad but not that bad!" to me, that is the time to get worried.
From looking at this mobs chart position, if the price goes below 1p anytime soon, I'd be inclined to walk away. The however comes from the fact that chartwise, they have the potential to move toward 4p pretty quickly. The telling signal will be mid-price moving above 1.5p in the next week or so. As for the market itself, bit weird to call. Somehow or other, the FTSE keeps reaching new highs but given the stagnation of rather a lot of the FTSE100 shares over the last year, I looked hard at the indice to try and understand what's wrong. Ooops moment. It is only 3.6% higher than it was 12 months ago which explains a thing or two.
Unlike me, I kept this one on my front screen. I commented on this lot recently and took another look at them tonight. There is a chance, chartwise, that if it closes - or even goes above - 0.121 tomorrow, 0.40 or thereabouts is on the cards pretty quickly. Still a bit of a one armed bandit play but if it closes above 0.121 Tuesday, I would suspect that upward volatility is not far away. As for YELL, it definately broke its downtrend today and I show target of 10.4 or so before retrace to around 7p. Then the next target becomes 17p. As I think I mentioned, I've done the unthinkable and averaged down on this sodding share which I rarely call correctly. But today, it definately broke its long term downtrend. Whether it actually obliges by going UP remains to be seen. VIY showed all the symptoms of an RNS for early Tuesday. Guess I shall know in just over 6 hours if the MM's are playing the game or simply playing around. Initial bounce target has become 6.3p and mid term 9.2p
Logically, EOG now can go up though whether it chooses to do so will doubtless come down to meerkat farces. The BAD number is now 31p but if any upward movement builds, 44p has become a sane target on the next upcycle. It is usually comforting when gap closure happens so quickly as it provides a sign that 'they' want to move things up soon without any dangers lurking below. Finally, I scanned the regular chatroom at the weekend. Thanks for defending me against those who could neither read nor accept it was going below 34p. <grin> To my eye, there is a chance it will touch the 31p thing intraday in a final treeshake manouvre prior to an up movement BUT if the price closes below 31p, all upward potentials are off the table.
If OPM drop below current, forget it. I've been fascinated by this share for ages as it tops the list of AIMs on reports, due to their name starting with a numeric rather than alpha character. However, it also popped onto my 'interest' list tonight with an initial target short term of 0.22p and mid-term 0.388p. BUT, if it goes down in the next two days, FORGET IT. IT WILL NOT BLOSSOM for quite a while and you could be facing an eight month trap with a break even exit strategy or worse.
I notice none of the growth signals appeared for this lot, so no valid entry point appeared. It was flagged up as being of interest due to what looks like dire moves in the last week, Bad number first. If they go below 12.6 anytime soon, the level of risk becomes completely unacceptable. However, any moves above 15p will carry the suggestion of breakout coming with target somewhere around 35p on the first move. Which would be nice. A risky one.
Logically, EOG could go up or down... If it goes up without coming down first, I would suspect a very short term target of 40.75 before retrace. If it comes down and closes the gap which developed at 32.75 within the next day or two, the shor...t to mid term target becomes 45.8 . Any down movement which occurs in gap closure "could" actually go to around 31.25. If it breaches that number, 18.9 becomes viable! I do not know why the price was moved in such a fashion on Friday. If there was an RNS, there is an excellent chance of it continuing a short term rise if mid-price exceeds 36.5 on Monday morning. My gut feeling from looking at the chart is that there will be a down movement on Monday for gap closure. Oh, the abandon ship number is 22.25 Below that would be really very bad. As for the market itself, still conflicting signals all over the place. One of the guys I respect on ADVFN recons the FTSE is about to skyrocket and my own take is, hmmm. As I mentioned the other day in my gloomy mutterings, it does remain within a logical uptrend and has just bounced off support. Guess it all depends on world events. And as for VIY, once again they stuffed a perfectly valid proposition of a fall by pretending to go up 6.8%. Or in Vialogy terms, shuffled the spread around...
Moosh, some of the 'stronger' AIMS were those thrashed hardest today, doubtless triggering a lot of panic sells. I can make an argument in favour of those being hardest hit being the best probability for recovery. Though I'm sure one or two folks in RRL are currently washing their underwear...
Much prefer my charts to yours! Though was a bit worried when the 5655 thing broke. It now allows for a test of the two year support line - currently 5534 or so. Dunno about you but I'm not finding this as scary as I did in 2009 'cos I know what is actually happening. That was cheeky what they did with the AIM this morning. A market wide gap down of 6 points and some bizarre contrary movements which make no sense. I noticed the one I commented on last night were foolish enough to issue an RNS and thUs, dropped by 13% at one point. (The RNS was a report of a directors BUY - never seen that provoke a drop. Similarly RRL's RNS. Mad day.
And thus sinks any hope of a possible recovery. <grin>
Totally screwed imo. We need the Spice Girls to reform and cheer the nation up. And Terry Wogan back doing Eurovision. And why can't they bring back Morcambe and Wise? And make the Daily Mail mandatory reading and scrap the Goardian... And why is it still raining. I've showing FTSE support at 5655 - just a smidgen below todays bottom. But last nights DOW movement bothered me quite a bit.
For BRM, I of course meant BMR ... If you read my nonsense regularly, you will hopefully appreciate that I insert obvious errors!
This lot appeared in my data run as having had volume and price movements of interest recently. Having glanced at their chart, it appears pretty average unless one zooms out and looks at the history over the last 4 years. Then it starts to get quite interesting. Bad number first. If it opens and closes BELOW 40p anytime soon, all my work will be for nothing! However, I've an initial short term target of a mad 84.5 and mid-term of around 102p. Something does seem to be brewing here. As per usual, I've zero idea of what they do or why they bother doing it. One attraction is the Norse name - a bit like Beowolf who I notice I mentioned in October last year... Kinda missed a trick there. Of course, the spoiler is Japan at present. Movements this evening on the DOW would suggest it is on a course for 10590 UNLESS it breaches 12052 pretty soon and destroys the logic. Japan and associated grief will (I suspect) dampen things down though it did NOT stop BRM outperforming itself today. On BRM, the new upper target became 8.2p I was so very close to taking profit on them this morning, then the tripwire at 6.91 was broken and it went crazy for a while. Still holding.
I don't see the upside potential as being that great - 5.65 would by the ideal short/mid target. Trigger looks to be a close above 4p. The however is that if 5.65 is exceeded, new ideal target becomes just over the 10p mark.
For some reason, I keep looking at this lot and think, nah. So, it's probably not the worst time to consider a flutter as the whole market appears utterly doomed. I've even noticed a 'Second Bottom' bit in the Telegraph. To my eye, the market remains in a pretty solid uptrend and all that is happening is we're in a downwave within that uptrend. At this point in time, I would need to see the FTSE below roughly 5530 before the uptrend could be refered to as over. Noticed a few shares swimming against the tide today or at least not moving. CW, NTOG, VIY (???) and the one I mentioned last night, NXS. Also noticed LEG did quite a decent intraday relaxation. Just another tad and I'll probably risk a couple of pence. Can't really be bothered giving a charty analysis on anything as the market is doing its 'sky is falling' dance which just confuses me. I will raise an eyebrow if the FTSE breaches 5804 tomorrow though.
The 1.2p thing is a pretty solid horizontal line on my chart and the expectation remains that when breached, I can erase it and draw a new one at 1.9p Establishing a timeframe is difficult due to the limited data available on them. My thoughts on the speed of the move were based on the impetus which HAD been happening. However, world events seem to be tamping things down market wide currently, so goodness knows when it will bloom. Thanks for filling me in on what the grown ups are saying. <grin> As you've probably read some of the guff I spout, I rarely pay attention to RNS' or even what the company actually does. To my eye on RRL, we've seen a double top, the result of which should complete the chart movement to fill the lower gap at (from memory) around 16.8p. The next problem will be in defining how long it takes them to get moving again as rather a few folk will be stuck at the 24.7p levels and oozing negative sentiment.
It is okay to post on Premium. Please. It is really hard trying to watch and comment on everything. Oh, if RRL does NOT go up Wednesday, it is going to retrace to 16.5 or so...
As mentioned (in my dreams...) this one seems to have gone up. Dunno why. Dunno what they do. I've looked at it from a chart perspective and note a couple of things. It 'could' go up as high as 0.303 before relaxing. And if it exceeds that, it will be quite interesting for a while but will doubtless come down quick. As long as it fails to drop below 0.179 on the next dip (hopefully within the week) I intend to sell all my worldly goods and buy in. Though it is rather more likely I shall punt a couple of hundred quid!!! I see it relax below current and then move up, the next spike has 'the potential' to be a move toward a stunning 1.2p (Wish I could use italics rather than apostrophe's) And if it drops below 0.179, the foregoing will be a load of rubbish and you will probably be trapped for an age. There are probably a few folks looking hard at this given the movement today. But logic suggests any upward movement tomorrow should be short lived.