Re: Nomura maint 200p tgt Many thanks, Durby. Ooky
Re: Nomura maint 200p tgt ookyfly - The OPEC meeting was on Thursday. The decision to not cut oil production impacted all oil related companies on Friday. IMO, given LAM works on long dated orders, the fall in LAM share price is overdone.
Re: LAM Chart ... As I said, it will be an interesting week or so ahead - and it was. Price could not break the pink resistance line, instead fell through the red support line. Keep an eye on the white line. RSI is also in the oversold territory. RSI for LAM very rarely been in the oversold territory.[link] the fundamental side, LAM's order book for the current financial year is not impacted at all by the current oil price. Order book for next year is also mostly in place. Think it is the knee jerk reaction from some market participants.
Re: Nomura maint 200p tgt It's an awful lot in one day, nevertheless. The oil price has been dropping for months.No surprise if we get a warning rns on Monday?
Re: Nomura maint 200p tgt Large drop in price of crude I would guess
Re: Nomura maint 200p tgt Why the 10.31% drop in sp today? No RNS.
Re: LAM Chart ... Latest chart. Will be interesting week or so ahead. Bottom red line has now consistently proven to be a strong support. Keep an eye on the pink resistance line - we need to break out of it to see higher price levels.[link]
Nomura maint 200p tgt Lamprell FTSE 250 Energy Buy 200p 140.75 42.1% NomuraHochschild Mining FTSE 250 Basic Materials Hold 140 102.1 37.1% Numis Securities Ltd