Member Info for usually_right

what worries me is that there may be poachers lurking. it ticks all the right boxes as isnt very expensive. a lots of brownie points to be gained pulling this one off. id quite like to hold on to this one for a long time, any bid is likely to cut our fingers off if looking at it longer term.

yes despite what many will tell you, brexit isn't all bad. there are some benefits for some, that being one for vodafone.

two days of closing near highs of day after early session weakness bodes well nearterm. 287/288 needs to break to test 300p. for the larger picture, until 315 is broken on a closing basis there is still a risk of testing recent lows.

given its such a big dividend there is next to no chance the shares dont reflect this on the open especially given the run up into the ex date. the best one can hope for is some reduction throughout the day to the opening discount.

higher tha average volumer already and a strong upside move suggests the momentume is swinging higher. if it can clear 15 quid this one will be back on track within its well defined medium term uptrend.

gap to fill at 677. i obviously dont know if we get there but it should be a solid springboard for a rebound.

with such a big dividend its very likely you will see the opening drop as expected. i was actually hoping for some weakness this week so that the ex dividend drop took us to the 119-124 support zone. it would make an excellent area to add as it would be a potential base for 140 plus again. however given we are by 130p, this now means its not going to happen thursday morning.

around 6 quid is a logical PT but these guys have great pricing power. when prices are rising you want to be in those areas that can push increases onto the consumer and b&m is one of those players that can do this.

this one is supported by esg flows which wont be ending any time soon. certainly a very bright future and well worth holding on to.

when there is news pre open, market makers will shift the price to reflect this change. so the shares opened just under 281, that was the first trade below there. during the day the news and overall better market sentiment drew in buyers. there is some technical resistance at 287/288 which brought in some profit taking. that and the fact thats it is half year end which means a lot of folks will be taking profits on what has worked this year so far, means there were more sellers than buyers. reopening and cyclicals have been weaker for a while but i expect that will change towards the end of this month or beginning of july at the latest. tonight wall street looks to be ending firmly on the back of powells statement to congress and while its largely tech led, it bodes well for tomorrows uk open. a flat open for NEX with a quick dip to close the gap would create a solid foundation to retest 287/288 later in the day. i would not like to see a second candle in the same vain as today, as that would be quite bearish.

bring up a chart of the share price. select the option which shows the daily price. select the option candle or bar. here you will see the daily trading ranges shown. you will see that today the share price opened above yesterdays trading high. this is called a gap. like most technical trading, it becomes a self fulfilling prophecy in that traders will target that gap and others will place orders just ahead of the gap. once gaps are filled, if they create a volume spike and the share price "bounces" it is often seen as a bullish signal. i often use gaps to open positions in a rising medium/longterm trend.

maybe it got overheated but green demand for copper is going to outstrip supply for some time. esp. since miners are now hesitant to bring in new production which can take years to come online, by which time demand in the past disappeared. ev and related demand for copper is going to support prices for many years going forward. that doesnt mean copper needs to double each year, but it means miners will be making tons of free cashflow year after year. so they are buys on dips.

FY expected to be materially ahead of f/c and strong q2. shares have moved higher on this but there is still run to close the unadjusted gap to 1777. and no reason why they cannot see new highs over the next 12 months.

none of the earnings forecasts had 70 bucks oil penciled in, so the longer crude is above 70 the bigger the beats will be. as long as oild is above 55 dollars the company will still rake it in. the things about the higher crude price is that it allows for higher free cashflow and so debt repayment and buybacks. but given the esg picture you still have to time your purchases as the shares tend not underperform the prevailing crude price.

time will tell. i buy dips sell rallies in this one. i dont catch all of the lows nor the highs but its not one that will run away from you given the headwinds so you can afford to not be over eager in buying ie. not chasing it higher nor stepping in too early on the dips. as i said before its making a positive signal today but there may still be end of quarter/half year profit taking in the states this week which may drag it lower if the general indices fall. at that point i would be convinced. where it is now its priced a little too highto step in personally as i say, but that doesnt mean its not going higher. i just prefer to let certain things pass on such occasions as i run a conservative portfolio.

i run a conservative portfolio and sold the bounce but so i will be looking to buy on a further down day if seen tomorrow/day after. looking around 295-300. but quite possible it bottoms today. so far the techs look good. only the americans can pull the markets down today. but its all about quarter/half year end nothing more.

if oil stay where it is the bond guys are going to upgrade the debt that is 100% certain. most have priced their rates at 50-55 dollar crude.

added to my position here, now mkt weight. not far from vaccine day spike. i think theres value at these levels. overall im still higher cash than average but would reduce that if end of half year dip continues a bit further. think 6550-6800 great levels for ftse with a 7300 tgt

ft100 has initial sup around 6990. if below there on a closing basis then 6845. vod has sup in 119-124 range. below there 114. i think you would need a significant mkt correction or some v bad company specific news to see 133 hence i think it will bottom 119-124.

dont worry. good people make for bad traders. as for kainos, i would say its not far from making a low before recommencing the uptrend. i dont think we will see either of the recent gaps filled. we would need a broad market correction for that. it made a solid reaction today to being sold off, so id say its either seen the low or within a pound of it at best.