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Just posted this chart - am waiting for the Co. to release flow test results for some volume to come in. As always results can be a bit of a gamble.
https://www.tradingview.com/x/U5QizP2t/
Long term bullish this looks like a retracement https://uk.tradingview.com/chart/BNZL/WUg1PdH1-BUNZL-before-Pre-Close-Trading-Statement-Release/
https://uk.tradingview.com/chart/GWP/d1hoTtCU-GWP-ahead-of-earnings-on-Monday/ Chart looks like a short
This stock has taken a hit since gold prices have fallen. Price may enter the lower distribution at some stage after a retracement. Keep an eye on the RSI trendlines for confirmation. https://uk.tradingview.com/chart/RRS/Jzgc7GMx-Shares-falling-inline-with-GOLD/
Ahead of FY16 earnings The Co. have been quite positive of late, stating good rental growth has continued, our sales performance has remained strong. Co. expect to report modest growth in market value of our property assets in second half of year and expect to report high single digit year-on-year growth in NNNAV for full year. In terms of price action we are at the mean value area on the daily chart but on the 1HR chart we are currently above value. A good result will surly push price into a new distribution area at the 230 level but the 226.26 level could provide some resistance. On the downside the key support will be at the value are of 220.30 and the low of 214.42 https://uk.tradingview.com/chart/GRI/wcqQFkOD-Ahead-of-FY16-earnings/
The OPEC saga is still going on an I thought this would be a good chance to check the levels in the Co. As you can see on the 4HR the chart is pretty bullish an may test the prev. value area of 2075 after breaking through the 2039 resistance level. Before reaching that target there is a downward trendline from the weekly chart that may cause some problems. If the deal collapses then the supports of 1956.17 and 1929.80 will be in focus. https://uk.tradingview.com/chart/RDSA/6EuGQvmc-Shell-RDSA-LN-during-OPEC-saga/
Divergence and Bearish price action on the daily timeframe, with daily value area at around 945.00. On the hourly the price action is also bearish with price falling just before the 1030 level. The value area is around the same level. We are currently just under the 1000 level which could be a key psychological level. Brokers and institutions look to be bullish on the Co. at the moment with ‘5.2% potential upside indicated by Credit Suisse’ on the 25th November. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,100 ($13.65) target price on shares of RPC Group PLC in a research report on Monday Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,156 ($14.34) target price on shares of RPC Group PLC in a research report on Friday https://uk.tradingview.com/chart/RPC/WP1XKsHv-RPC-ahead-of-half-year-earnings/
On the Daily chart price made the lower high and broke the previous wave low consolidation. But there has not been a retest of previous value. On the daily chart the indicator has made a bullish failure swing. Price could stall at the 4696 resistance level. The Reynolds American bid was rejected, which may indicate a move higher. Although, the Co. could come in with a new offer. On the lower timeframe it looks like we may be overstretched and need a correction https://uk.tradingview.com/chart/BATS/nT1jOzyx-British-American-Tobacco-BATS-LN/
investment trust focused on the property sector, has been boosted by the drop in the pound since Britain decided to leave the European Union. The earnings are on Monday and we are currently under value if we see a good result then we could see a move back closer to value. All the support and resistance levels are marked with price tags and the trendlines may provide S/R too. https://uk.tradingview.com/chart/5smoVkqB/
The weekly chart is showing bullish candle signals Price is at value so if the earnings are good we could move to a new higher distribution and test the top range of current value Co has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Pennon Group plc are listed in the Utilities sector within UK Main Market Rsi trendline has broken to the upside https://uk.tradingview.com/u/RajDhall/#published-charts
Momentum to the downside seem to have slowed with the RSI making a higher low and the price making short term lower lows. Price currently away from the volume peak price of 333.00 and could return to test close to that level. The 316.01 level could also be a slight sticking point but we must be aware that the company are reporting FY earnings on Monday so they may be some positioning ahead of this event. The Support and Resistance levels are marked by the price labels on the chart. https://uk.tradingview.com/chart/ADN/JqKSNdYo-Aberdeen-Asset-Management-ADN-LN/
After todays budget announcement I expect prices to move closer to short term value https://uk.tradingview.com/chart/MNDI/aOqTnz90-Long-after-budget-with-investment-in-the-construction-sector/