Vodafone ended 10 year long bear ride?
After 10 years, Vodafone seems to have reach the bottom.
Long consolidation periods (yellow), and 2 downward channels led us to a rock bottom of 63GBP.
The last downward channel appears now to be broken with immediate resistance at 103 GBP.
Positive outlook as long term investment.
Good results for B&MThe market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
ULVR HuntLooking to catch some reversals at the shapes in this project for anyone interested in UK stock market. I have a higher level of confidence in the projections of simulated scenarios which should catch at least one more reversal at any of the shapes. Will update follow up analysis on any relevant or interesting Japanese Candlesticks patterns or setups.
In this project the rectangles are not necessarily support and resistance zones as in most nen projects. This one on the other hand is focusing
3 UK Stocks to WatchLet’s take a look at three FTSE 100 heavyweights demonstrating high levels of relative strength.
Barclays (BARC): Strategic Update Sparks Share Surge
Barclays' share price has been in a powerful uptrend since unveiling a strategic update in February. The bank's three-year plan includes significant initiatives such as:
• Cutting costs by £2 billion
• Returning £10 billion to shareholders
• Investing heavily in its profitable UK arm
Barclays plans to allocate an additional £30 billion in
Qinetiq breaks out after 4 yearsBreaking out of rectangle patter formed since Feb 20 should mean an upside target of 648.
Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession).
Do your own research and this is not a recommendation to trade in this stock.
Breakout day for QinetiQ - expect pullback to retestWeekly chart: Triangle formed with 2 or more touches to both its upper and lower lines. Early breakout too and could signal a rise to 587. However, if this goes to form, it will retest the upper triangle line at 339 before heading higher.
WARNING: This is not trading advice and just my own technical analysis. Do your own research and trade your own rules.
Kainos Group plc $LSE:KNOS Profits UP +14% to £77.2mLSE:KNOS Kainos Group plc is back in favour as adj pre-tax Profits UP +14% to £77.2m and reaching 14 Years of Consecutive Growth with Revenue hitting £382.4m!
With the Workday Segment of the business growing to over £60m ARR and Cash topping +16% to £126m with NO Debt this is a business that has great long term growth as leading consultants in Workday Products and in the Generative AI space having invested more than £10m into training their 3,000 staff in this area. The COVID contracts have en
Australian dollar eyes RBA minutesThe Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session.
There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD.
The Aussie is coming off an excellent week, gaining 1.36% and hitting its highest level since January. In the month of May, AUD/USD has surged 3.4%.
Tuesday will be busier, with the Reserve Bank of Australia releasing the minutes of the policy meeting earlier this month. At th
Why I am buying JDW?see the details on the chart.
Fundamentals, back into profit, sales up, good national company, strong buying power, very good track record, due to covid and cost of staff/utilities/inflation took a hit recently, but its on the uptrend.
Technical is on the charts.
As always its not an advise, please comment if you like or dislike my take on it.
BGEO Potential Breakdown (Bank of Georgia)BGEO has been in a nice uptrend for some time now but is it really the time to switch the flip now? What we see on a chart is a healthy correction and touching the trendline support but there is a big BUT. Amidst this current situation in Georgia, Tbilisi, people has been protesting the "Russian Law" which turned now into protesting the government itself. This could be start of the breakdown for LSE:BGEO in my opinion because the situation is only gonna get worse for Tbilisi if government keep
WATR Major Support Line, High Volume and RSI DivergenceFirstly, does WATR possess a high quality balance sheet and growth prospects on a fundamental level? YES!!
The company has $23m cash and $21m of borrowings, with FCF increasing from $6m in 22 to an estimated $7.4m in 23 and $9m in 24, owing to a reduction in CAPEX. The only thing I don't like about the balance sheet is the high amount of intangible assets, but, these aren't set to increase and a high proportion is goodwill from acquisitions which will be amortised over time.
Net margin remains
Asc triangle moving up, with prior track record UK stockAsc triangle moving up, with prior track record UK stock
height of triangle gives target, long term chart, confirmation given by UK FTSE also moving up, also European indices eg MIB moving up.
Reliable steady stock
Enter using limit orders on any pull backs to top of triangle
Stop out if price re enters triangle
Target trailing stop, take 85% at target, which becomes the new stop
Look to build position using multiple limit orders for entry on market down days, add if the pattern pauses makin
CMC Markets found substantial support at 100GBXCMC markets hit a 3-year low of 100GBX after news of lower revenue expectations but found huge support at the level with an immediate jump of 16% in 2 trading days. Fundamentally, CMC is trading at around 1X revenue. Given that CMC is a global, established, and profitable company, with consistent growth in its customer base. I think that the 100 GBX price was a bottom where reversal is taking place. I expect the price to reach 220-270 GBX at around the next dividend payment at the end of Novemb
Breakout After multiple attempts at failing to break the blue resistance line price has closed strongly above this level today.
The catalyst for this was the release of good results, check them out for yourself.
In addition to this they have just got approval from their Spanish business for $5 billion. Ker-ching.
They have also announced a £500 million share buyback program.
Also of note is that two of the Directors have recently bought large chunks of stock.
One bought £1.5 million worth the other over
BATS RSI Divergence, EMA targets and Support/Resistance Zones BATS is a company where its financial performance and robustness is not reflected by it's share price, mainly owing to investor sentiment towards the sector it sits within and the fear of ever changing regulation of its products. It is currently generating £8.5bn in free cash flow, more than enough to pay the annual dividend and please any accountant that the company's operations still produces high margin returns (although this is less obvious in the accounts due to the non-cash impairment of i























