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Moving in the right ways past few days, pushing up against downtrend now. Surely this will break, lots of money to be spent in the domestic market/reopening trade.
324p will do nicely only 50% order in for 280p aswell, very doubtful with that. Sold off at 375p for about he 3rd time, all in history. It's a traders dream, swings from oversold to overbought.
Long and strong now, those with higher averages keep calm market will rerate, too much liquidity and cash out there fundamentally.
Agreed, still lags the competitors in sp recovery with dilution factored in aswell. Enterprise value is far too cheap, share price should be double. This will take a some solid results with margins and positive news regarding projects after a dreadful 2020 for projects. Confidence needs to be restored.
Been tracking this stock, mostly in recovery retail and energy.
Just thought I'd check the chart and wow look at this set up, talk about a long term trend line.
https://m.marketscreener.com/quote/stock/POLYMETAL-INTERNATIONAL-P-9303852/charts/
Roxbury thank you, i'm a trader at heart, but saga has stolen my heart been in since 13p in old money just before rumoured offer spike, traded it very well since. I know i shouldn't get attached but i am to all the positive news here. We all know it, insurance profits covers circa 70% of travel overheads, office up for sale, customers vaccinated, owner bought back in etc....
I'm going to get back on board sub £4 and keep some cash spare encase we do pull back. TBF i'm running a cash balance of 40% of PF as i've been selling into this market rally.
Krimh, well done, good to see someone else spot easyjet higher than some 2019 prices! espically as their margins wont be so good, sale and leasing back planes increases overheads/cost, can't tell the market that mind...
Deos i feel your pain, i'm still waiting for a wider indicies pull back to get back in sold 374p. Other stocks having a great run, card, mcro,ted,cost. Not soo much PFC but i love saga even though i'm 35 years old! it's my baby i want back in on the train.
Should get a pull back soon, can't keep rising it's healthy after all thats the market i'm talking about not just saga. Very frothy not wanting to come across deramper this will be £6.00+ i just want £3.50 entry. Fear and greed hey.
Watching it closely too from a TA perspective too Mark.
Up against the trend line (downward) from Feb 2020 high and recent spike too last month.
Will add to my position if we close above this 514.
I truly something else!
I mean last summer flat lined then dropped rapidly, sunk again this year after me buying in December 2020.
Now it could do 200% in a few weeks if it hits 90p! (30p to 90p)
Sliced profits at 63p and 70p yesterday, will let this run now...
It's the reopening trade...
Did you see the news at weekend? Tax on online sales being muted and cash for owners of shops, a new vaccine being approved in the USA so here soon too and it's single shot can be kept in a fridge.
Works group +22%
CARD Card Factory plc
53.40
+7.05
+15.28%
DEAL
HFD Halfords
326.25
+36.50
+12.61%
DEAL
AML Aston Martin Lagonda
2,153.50
+148.00
+7.37%
DEAL
SDY Speedy Hire plc
68.60
+4.60
+7.19%
DEAL
RTN Restaurant Group
116.35
+7.20
+6.61%
Alot of talk regards to the "pump".
When infact it could just be down to a rerate taking place in the cyclical sector, of all sectors retail!
Weekends news was a massive boost for highstreet retail, money by way of gov grants and also a knock to online growth by way of increase in tax being proposed to online sales.
Add to that we are inline if not behind other competitors within our sector,
Shoe Zone, Ted Baker, Works Group etc
Check out on chart card factory v these stocks over ytd,3,6, 1 year, card is inline if not behind the curve.
It's a buy and hold simple.
That's okay brochrock, great site for basic TA as the site/graph plots trendlines etc itself. So if you are unsure how to plot trendlines or spot selling (previous resistance) and buying (previous support) points.
Disclosure not 100% proven fact but i tend to always use technical analysis alongside good old fundamental analysis to plan entry and exit points.
Now if saga could hit 350p or even retest 320p that would be nice. :)
Great minds value hunting, low risk in a lofty/stretched market is why i'm in on these.
haha yea maybe on the 1 minute chart.
We'll see, other value plays i have are doing well COST/CARD/BP/TED/TLW/MCRO but none like saga on rumoured travel news, i get it's a cheap stock but so's everything else and not had such a great run.
Should have committed to long and strong!haha
Been trading this and can't resist, bought on breakout of downward trend line as mentioned in my earlier post this week at 298 and 311.
It's had a great breakout and hitting resistance (triple top maybe)
https://www.marketscreener.com/quote/stock/SAGA-PLC-16546285/charts/
RSI into massively overbought too just another indicatior i know it's not science but a useful indicator i find.
I'll be back hopefully just a matter of when, gla LTH i'm not playing with big money like some of you so trying to make the most i can, served me well so far.
Hi Tom,
not only a similar name but looks like we both did well on menzies had some nice buys there myself at circa 80p.
Although i didn't average down here from my 44p holding, stuck it out though didn't sell as way oversold given it's a cash cow.
Anyway can you provide details on your comment regarding CARD and Financial Times please?
Cheers
GLA
Same here happy to hold and trade a portion in the side used to be buy 53 and sell 58 for me but moved up of late to 57 62 range. They love to drop the bid of this though, very annoying just kills of the interest or maybe not all smoke and mirrors just a large seller still.
Really close to break this downtrend though, should hopefully push through 62p on run upto results and general improving sentiment. Should be a decent breakout as 62 has been really strong resistance!
Company minus cash is circa 60m, pe of what 2/3/4 either way too cheap and value rotation is on.
I echo that aspers. Sold on the first spike at 308ish. Bought back 280p to 220p then sold again recently at 300. Missed the buy at 260ish recently.... So back in again today and yesterday 298 & 311.
LTH now, pf is CARD, COST, TED,BP,PFC & MCRO