penhome
11 May 2018
Prorealtime P&F ?? Has anyone tried using PRT's Point & Figure charts?I usually use Stockcharts P&F but, with similar settings, PRT's charts look very different with more reversals.Any ideas?Pen
penhome
11 May 2018
ENQ Broken out of falling wedge/flag (pole 27-37 so plus 10 gives target 45) and above January downtrend. Now testing 2017 weekly downtrend. All averages rising.[link] now above the cloud and looking bullish here:[link] P&F count on Feb/March consolidation gives an upside target of 57So, in theory 45 > 57Pen
Elviron1
10 May 2018
Re: SXX SXX may well beat 35p over the coming weeks, as you say. But I think there will be some consolidation first. It's not known for being a rocket!GENL - oil stocks are flavour of the month at the moment, for obvious reasons. Keep riding that one if you're still in it I reckon.GFM - looking toppy to me. A sell if you haven't already, looking to buy back lower.It's always tricky doing fine-tuned sells on decent looking charts, as you risk getting left behind. It's something I've struggled with as you've no doubt noticed!
Lady Jennifer
10 May 2018
Re: HUM Hi Pen,Thanks for that.I should have said that I have used IchimokuTrader.com for almost 10 years now and find it pleasingly simple.......It hasn't changed one jot in all that time!!I have the free account but need to log in at least once a fortnight or they will delete it, along with all the 'hard work' putting in my watch list.It has one other shortcoming in that it doesn't have data for every stock on the market - I have occasionally discovered one, such as SEE, and more often found stocks with a very short history.Other than that it works well, (despite its rather simple line drawings) and gives the trigger dates and explanations for the various events.
penhome
10 May 2018
BLU This is a micro tiddler with a market cap of £5mNotes are on the chart, but I'm beginning to see some positives after a long decline[link]
penhome
10 May 2018
SOLG Another one I'm watching is SOLG which is interesting from a technical viewpoint.In Ichimoku terms, everything is now above the cloud which is bullish as is the cloud's Span A moving back over Span B for first time this year. Price is hovering around the tenkan (turning) line and finding support just above the kijun (standard) line.[link] the western chart, it's consolidating in a month old flag pattern whose flagpole suggests a target of around 8 from breakout at around 27 - so target 35. A flag breakout would also take it above the 200ema.Bollingers have also tightened significantly and are now closer than at any other time this year.[link] vertical and horizontal counts give full targets of between 38 and 45 but these are only activated on a price move above 29p.So lots of technicals to keep an eye on.....Pen
penhome
10 May 2018
Re: HUM Hi LJYes, Sharepad's ichimoku chart is a bit messy. Here's Prorealtime version:[link] close today was above the cloud for the first time since 11-12-17 which is a positive.Cloud Span A has also crossed back above Span B which is another good sign. The other lines are still in or below the cloud and the Kijun/standard line needs to start rising to be more bullish.35/36 should also see it above the 200ema and the December down trendlinePen
Lady Jennifer
10 May 2018
Re: HUM I'm glad to see that I'm not the only one to use Ichimoku.....Here is what I think is a slightly clearer view - but then I need to be told everything..... ^_^[link]
penhome
10 May 2018
HUM is another one on watch. It's just approaching a confluence of the falling short term trend line and the 200ema in the 35p area.[link] it closes at/above 35p, this would also put it back above the cloud for the first time this year[link] is now producing gold and guidance for 2018 is 105,000 to 115,000ozs. I think their cost is around $700/oz, so this should generate around US$60-70m this year. They had $28m in the bank at the end of March. Pen
penhome
10 May 2018
Re: OTB Looks like an over reaction today. The numbers look quite promising and OTB's cash flow is strong. Today could be a good buying opportunity....It's now back within the daily bands.Pen
penhome
10 May 2018
Re: SXX Hi ElvironI've decided to take 18% profit and sold at 34.477 just now.I was in two minds, but it's been rising steadily for a month now. Daily RSI is around 80 which is where it has faltered before. It's above the top of a steeply rising band. But, MACD level suggests there is still some upside. [link] this could suggest that it's continuing in a strong uptrend, but I've been in the same situation before and watched decent profits vanish on a retrace. Then a month goes by waiting for it to rally back up. I'll keep it on my watchlist for an entry on a retrace.So new policy: bank anything approaching a 20% gain within a month.Other current candidates for banking are GENL and GFM.Looks as if it is now going to test 35 !!Pen
Elviron1
10 May 2018
SXX Good call on SSX Penhome. I'm watching from the sidelines unfortunately - should have taken that 30.5p.Be interesting to see how it reacts to 35p.
share 123 maiden
09 May 2018
OTB Q2 results due out tomorrow, share price up 6.6% today, volume on the up, worth watching. I hold.
Inspection Eng
08 May 2018
Re: Tern Looking back there is a strong resistance at 27p, which it bounced off today, so if it gets as far as the Nomads 30p it has done well and perhaps could go a lot further. I guess wshak is hoping for a rerun of the last time it hit 27p.
Elviron1
07 May 2018
Re: Stamp duty and commission musings Too true, many AIM stocks are fairly illiquid and so have killer spreads. Stamp duty is "only" 0.5% but spreads on half decent AIM shares can be up to 3-4%, nevermind the smaller, "punt" shares, with spreads of 10 and even 20%.However, the flip side is that you'd have to be pleased with a 10% return (in say 3-4 months) from a FTSE 100 company, but many an AIM share can yield 40-50% in the same period. RR tends to be much better.
