The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A wee follow up on Angel; Angel moving above 1.15 provides for a near term target 1.32 with secondary at 1.65 The 1.65 thing is really significant for the longer term as it brings several larger targets into play.
If this sneaks below 2.52 mid, next price movement looks like being to around 2p. I don't like the movement on March 15th one bit.
Fairly confident this has a target of 4.75. The only fly in the ointment suggests you may need to wait another 12 months or so - according to my often dodgy timeframe logic.
Unless it exceeds 30.5 Monday, chances are they will double bottom it at the 28 level before giving an further upward impetus. Big danger is if 28p breaks. It could come down quite quick. Visually, Fridays low of 28.6 was not close enough to my 28p target. As a result, suspicious.
We had shown a worst case - though still unbelievable - bottom target at 4.7p. Surprisingly, RRL shows itself as having some recovery potential. Should the price exceed 7.6p Friday, it sets itself on a path to a near term 9p.
On ANGM, 1.15 remains a distinct possibility with 0.90 as an absolute second. We would be unable to compute any sane bottom target below 0.90p. Currently, ANGEL would require to recover above 1.55 to escape the drop zone. ***
Welcome to Premium. No one posts here unless it's useful information rather than chatter. From a chart perspective, BSP have the potential to relax to 12.5 in safety where logic suggests it should bounce. The really interesting number is 15p. When the price closes above that level, it's a fairly reliable sign the manipulation is over and recovery is scheduled with initial target 20p.
Currently, I anticipate this falling as low as perhaps 6.35 before experiencing some recovery. The interesting point will come when the price closes above 7.12 as quite a decent recovery tier should follow in the longer term. 11.5, 14.2 and ultimately 22p though few shares are achieving ultimate targets in the current foul market conditions.
Think you might be on the money with this one. It's a stock I analyse daily and this was the outlook for 26th. "This totally outperformed targets on Friday intraday. Judging by the price range movement I would guess there was an RNS of some note. Whilst it would require brought down to 0.27 to close the gap, this type of gap up often does not get filled. Primary target next is at 0.49 with secondary at 0.7"
VIY confirmed the trend the sods are working to. If they adhere to the rules, it should see some decent moves on Monday or Tuesday,
To a degree everything changes literally by the day though some ruling parameters remain intact. However, I re-analyse 53 stocks every single evening to write a couple of sentences about each. Depending on with whom you are dealing, you may get my forecast report on the top 30 every morning.
Careful. I do not research companies. All I do is run calculations based on previous price movements and extrapolate potentials for the future. Sometimes it seems to work out. Notice XEL are refusing to close above 132.7 today which is a pain.
My comments from Jan actually stand. For Monday, should this exceed 132.7, there may be some fireworks toward the 155 level.
Welcome to the void. Folk tend not to post in Premium unless they've something pertinent to say. It's not so much a chatroon as an observation lounge <grin>
Pity about the dreadful spread though. When mid exceeds 0.69, initial target 1p with secondary at 1.75p
Thanks. Gonna need it. They are sending my stuff to 385,000 people next Monday so bricking it!
Ouch.
A few folk who subscribe to iii will notice my mutters tomorrow under the moniker Precogz. I've been asked to provide daily commentary on the top 30 traded shares across their system and thankfully, am being paid for it. However, I've a strong loyalty to LSE so will continue to throw my tuppenceworth in for anyone who posts in Premium. Or in English, Cluff doesn't get interesting UNTIL IT CLOSES above 107.8. Which it's close to so worth watching.
Visually, it was manipulated downward to slow the rate of ascent. As a result, it could easily relax to 229 without alarm. Anything below that would be scary from a chart perspective. There was a saving grace in the last 30 mins today indicating they could recover this to 248 tomorrow.
Trigger level for a move to an initial 3.05 is at 2.6p. If it manages to exceed that intraday, this might become interesting quite fast.