Member Info for Shanny80

I bought more today, smack on an extremely long term trend line at the moment so could be bottoming out. 235p a possibility but as I'm already 15% down I'm happy to hold. Took a nibble on a spreadbet too. Divi in January may get a few buyers interested up to then but then May for full year results, as already said here, an RNS could come any time, news of a takeover would be most welcome.

I'm out for now, don't fancy holding this into results. Hope your price targets are met and you all make a tidy profit, on my watchlist with a view to re-enter at some stage.

Nice finish into the close last two days here, seems to be kept low until late afternoon, MM's trying to get shares perhaps? Higher high needed on the next up leg so above 825p would be bullish, close at that level would be even better as that'd break the downward sloping resistance line which has been in affect since September. Opinions on holding to results day? I may bail before then, just wondered what others are thinking?

A close above £8 on Friday would be most welcome so would a bit more volume to confirm this current up leg.

Support and resistance can be a bit futile, I prefer buy and sell zones. 85p to 90p buy, topped up around then. 109p to 113p resistance from the downtrend which has been in affect since it fell off a cliff last year. We've also had a 100% retracement of the prior uptrend move which started in March last year so a bottom may have formed. Time will tell of course. Just my opinion, probably wrong, usually am.

Morning Guitarsolo, yeah the spread can be large here at times. 725p was tested last couple of days and looks like some indecision yesterday so could be the end of the current retracement, time will tell. Bought in this morning at 739p so happy to wait to see how this goes in the run up to results in December.

No volume at the downtrend line shows no desire to break through just yet. Downtrend meets long term uptrend in the next 2 -3 weeks so a move up through the downtrend or down trough the long term uptrend isn't far away or it could just go sideways through it, need to monitor volume and price action to that point, anyones guess right now. Could obviously happen before then too, RNS might drop tomorrow for all we know. Double bottom is confirmed with a close above 105/106p made on 7/9/21, needs volume to confirm the move, not looking likely with todays retreat from the downtrend line on very little volume. For me, I just think a quick dip below 80p could happen, market always likes to shake out any weak holders before a move up and that would shake out a few, fear is arguably more powerful than greed I read somewhere once and kind of agree. I'll set a buy order at 76/77p, wouldn't get in much lower because of the spread but I wouldn't be surprised if 72p was hit intraday. All in my relatively humble opinion, time will tell if any of it plays out of course.

Had a buy order set at 440p for some time but was surprised when I got home from the school run/shops to see it had been filled. Took my eye off the ball here but happy to hold, divi is good and expected to rise. That large volume end of May was when the big fish were selling out, 600p area in my opinion. Got some support at 420p, 370p and worst case 310p. Can see 370p here at some point but time will tell. It's not the end of the world, quality share, patience is a virtue.

Got 8.5% out of that, took a while, smack on the downtrend line again today but looking a little better. Revisit to 83p area likely, would obviously need to hold or 70's possible.

Think I got my entry wrong here, sold for 2% loss, looking to re-enter at some stage soon. 725p to 750p looks good but would need to see it hold otherwise 700p area in my opinion.

I'd spend a bit longer than five seconds having a look. But yes, many ways to skin a cat, thanks for the sentiment but as we all know, there's no room for luck in this game. Lets see what the next few days brings here, could be quite interesting. Have a great day.

Chart looks interesting for a 10% gain , quick in and out. Buy 86p or lower and sell 96p, needs a tight spread so looking for volume. Tomorrows open will be interesting.

Off topic - Bought RNHW today, worth five minutes of your time................

All in my opinion of course.

Bought today at 800p, like revenue rising and in turn profits, ROCE, ROE, sales and eps growth. With good divi cover I expect that to rise in the coming months too. Government spending plenty on infrastructure, just need to sort labour shortages out so things don't falter. Current liabilities are a slight concern but generating cash so not overly worried. Chart in a lovely uptrend so bought on this latest pullback, nice run into results would be most welcome.

Close above 105p required to confirm a double bottom but it’s too short term, a double bottom over 3 or 4 weeks won’t become a significant move so not for me. Downtrend needs to be broken on volume before this will contemplate moving higher. 85p looks like good support but I wouldn’t be surprised if this was breached and 70 to 75p buy zone becomes available. I looked at the fundamentals in May and have since gone long twice and shorted once from the charts alone. The big fish are controlling this on technicals. Mainly in cash at the moment or in and out of a stock quickly as inflation woes don’t seem to want to subside. All in my opinion of course.

Yes significant upside here long term for sure. I've been short term with most shares lately, mainly in cash at present, inflation later in the year could be rather high in my opinion and we know what the market thinks of that. Supply chains struggling and labour shortages in the mix has me uneasy, in and out for 5 - 15% gains for most shares at this time. Lost on a few too, ATYM, INCE, stop losses stopped any real pain. Only long term are QQ. CEY and BAE. CEY a funny one, good divi and obvious upside but pegged back when you'd think it would be on the up being a gold miner. Strange times. Need to work out a decent re-entry here, as like I say, good share.

“Research alone won’t ensure a profit, your main goal should be to make money, not get an A in how to read a balance sheet”. ~ Richard Donchian.

Sold for a 20% profit, held since May. If charts are your thing then not the best start to the week but early days of course. Hope you all reach your target prices,I'm on the sidelines here for now. I'd say good luck but as we all know, there's no room for luck in this game :)

Yes the 85p area was on my radar in July, managed to buy and sell on last weeks up swing. I just wonder if because this is more or less what the market was expecting this could drift further. No break of the down trend line which has been in affect since June and no real volume to say otherwise, like I say, the market expected these latest results albeit with the nice 4p divi which will help. On the sidelines here for now. Anyone topped up due to the nice divi?

I'm leaning towards the recent rise being due the the Ofgem settlement so will sell on Monday. Will keep on my watchlist as I do see potential here in the not too distant future. The lack of volume from this rise says to me institutional investors aren't overly excited. Company is highly geared and not got loads of spare money to settle it's current liabilities, both could prove problematic if there was a sudden downturn in the economy.

I have 785p as initial target. Anyone holding out for more?