Page 8 | Ideas and Forecasts on Stocks — United Kingdom — TradingView

FOXT institutional absorption inside Friday's wick?I know I have been openly bearish on the housebuilding sector recently, but it is worth making a distinction here. Estate agents like Foxtons are actually far more resilient than the pure housebuilders because they are underpinned by sticky rental revenue that keeps ticking along regardless of what the sales market is doing. Sellers tried to push this lower on Friday and ran straight into a wall of buying support. Volume rose strongly as that happened, and looking at the detail the greatest concentration of volume was transacted within the wick of that candle, as shown by the white horizontal line on the volume profile. That is a clear sign buyers were absorbing every sell order being thrown at them below the day’s close. A push through 47.5p would be the trigger for me, with the next meaningful resistance sitting around 52p from here. Price target: 52p Potential reward: 17%

by Stockso_Simple

PRV did you catch the strong volume building under resistance?I covered this one last week and the setup is only getting more compelling. The price compression continues, with rising lows pushing the price tighter and tighter against the overhead resistance at 760p. Volume has been consistently strong throughout this process, which is exactly what you want to see building underneath a potential breakout. I am anticipating a break to the upside from here. That said, market makers are a clever bunch and can pull all sorts of tricks to move prices in their favour, so nothing is ever guaranteed. Just my own observations of course. Price target: 900p Potential reward: 17%

by Stockso_Simple

MOON will the thin volume vacuum trigger an effortless breakout?A long drawn out trading range between 200p and 230p and Monday opened right at the top of it. The volume profile on the right is the interesting part. There is very little volume transacted above 222p, which tells you that price level has rarely been tested and agreed upon by buyers and sellers. Thin volume areas offer thin resistance. As the price approaches 222p again in the future it is worth paying close attention. If it can push through on decent volume there is not much standing in its way above that level. A key level to keep on the radar.

by Stockso_Simple

GFM ready to see if the path of least resistance points upward.The upper wick on results day caught my eye, though the overall volume was not particularly remarkable. What made me look closer was the volume profile. It turns out very little volume was actually transacted within that upper wick. On the surface that looks like a rejection from sellers, but I think there is another interpretation worth considering. Low volume at a higher price level can also indicate the market makers testing the waters above to see how much supply is sitting up there. The answer appears to be not much. If that reading is correct, a sudden push of volume from here could send the price upwards with very little resistance to slow it down.

by Stockso_Simple

YCA will the tight range build a base for a reversal The price is pulling back here but the closer it gets to the previous support area around 538p the more interesting it becomes. Thursday and Friday are both showing rejection wicks to the downside with volume starting to creep back in. It could be nothing, but that combination at a known support level is always worth watching. Too early to call a reversal just yet. I would want to see the price action tighten up further before considering a position. One to keep on the radar.

by Stockso_Simple

BMS could the upcoming earnings report turn 240p from a ceiling In stark contrast to DotDigital, I do have more of an informed view both fundamentally and from a technical front, both of which I view as positive. The price tried to push through the 240p level back in mid March and was rejected. This week it has attacked that same level again on volume around 6 times the average. That is a significant amount of effort going into this price point. Friday’s volume was much lower, but crucially the price held at the high of the day at 240p. When volume dries up and the price stays elevated, it suggests the sellers at that level have largely been cleared out. Earnings are due in five days. The timing of this volume spike is interesting to say the least. I will leave you to draw your own conclusions on that one. All my own humble view of course.

by Stockso_Simple

DOTD - is the quiet higher low squeeze preparing for a breakout?Another chart showing that series of higher lows I keep coming back to. The price has been quietly squeezing upwards and Friday delivered a massive volume spike around the current price level. The key question as always is whether that volume represents accumulation or distribution. The volume profile on the right gives a useful clue. There is a significant concentration of volume traded between 43p and 50p, which provides a solid base of support. Above 50p the volume thins out considerably, meaning any breakout through that level could move quickly with very little resistance to slow it down. I have no reference to the fundamentals here, this is purely a price and volume read. But if the larger players are quietly clearing their remaining stock into this buying activity, the price could be closer to a breakout than it looks. One to watch.

by Stockso_Simple

GRI - did you spot the double rejection wick at the yearly lows?A possible double rejection wick to the downside with two consecutive days of massive volume, though it is worth noting that half year results were released this week which looked positive, so the elevated volume is at least partly explained. Zooming into the price action is where it gets interesting. Friday saw the price fall 3.4% on volume 2.6 times the average, which on the surface looks bearish. But here is the detail that matters, the price failed to move lower than Thursday. Same volume, no new low. That is a classic sign of supply tightening and sell orders reducing. Buyers could be quietly scooping up stock at these levels. One to watch closely next week.

by Stockso_Simple

HOC - is the massive rejection wick a sign of stopping volume?Possible stopping volume on display here and the timing is interesting given the macro backdrop. Primarily a gold producer at around 97% gold and 3% silver, but with China hoovering up silver at record pace there could be some additional momentum building behind this one. Thursday’s price action showed a deep rejection wick to the downside on very strong volume relative to the previous day. The volume profile confirms that the bulk of that volume was transacted within the wick itself, with the price closing back higher. Classic stopping volume behaviour. The gap down on Friday is a little concerning and worth keeping an eye on. I would want to see that stabilise before getting too excited. A sustained move above 700p would be a very nice reward from here. Price target: 850p Potential reward: 37%

by Stockso_Simple

BRBY did you spot the massive volume inside Friday’s wick?The results were more positive than I expected but the market clearly disagreed, and the price was punished for it. What is interesting is what happened next. The sellers tried to push this lower but ran into some firm resistance around the 1050p level. Friday’s candle is particularly telling a significant amount of volume was transacted within the wick itself, meaning the price probed lower and was firmly rejected. Buyers are clearly sitting at this level and willing to defend it. Could see a bounce from here back towards the top of the range. Price target: 1355p Potential reward: 27%

by Stockso_Simple

ALFA - Could the lack of volume above become a vacuum? Extreme amounts of volume flooding into this stock and it is hard to ignore. After the price stabilised just above 140p following a sharp fall, it subsequently retraced but crucially failed to make a new low, bouncing instead from around 150p. The logic I apply here is straightforward. If the price cannot fall lower than it did previously, it suggests there is less supply available in the market. The sellers are running out of stock to sell. The volume over the last couple of days is the tricky part to interpret. With a move of this size I would normally expect to see the price push higher more convincingly, so I am cautiously keeping my expectations in check for now. The key level to watch is 166p. If the price can push through that on strong volume there could be a meaningful move on offer from here. Until then I am just watching Price target: 200p Potential reward: 21.2%

by Stockso_Simple

AVCT - will the historic resistance at 92p finally break?The price has approached a historic resistance level and the action on Thursday and Friday is worth paying close attention to. Both sessions saw the price reject around this level on very strong volume. The million dollar question is how many sellers are still sat up here. If the queue is long, the price will struggle to break through and could turn back down from here. The only scenario where that changes is if the fundamentals behind the business have shifted meaningfully since December last year. If institutions believe the story has genuinely changed they will be willing to pay up and push through that resistance regardless of the sellers sitting there. It is too early to call either way. I will be watching how this one unfolds over the next week or so before forming a stronger view.

by Stockso_Simple

Glencore giant cup n handle Giant cup and handle has formed over 14 years and positioned to breakout. Upside 85%!

MTEC - ready to see if the momentum can push up to 45p The longer term trend is pointing upwards but this one comes with some very wide gyrations along the way, so make sure your stops have plenty of breathing room with stops. Friday stood out. A strong bullish candle with the price rejecting firmly as sellers tried to push it lower, on volume over twice the average. The effort from the sellers was there but the result was not. That is exactly the kind of footprint that suggests buyers are in control at this level. Could this have enough momentum to carry back to the top of the range? The ingredients are there. Price target: 45p Potential reward: 17%

by Stockso_Simple

AMRQ - will the rising lows lead to a 104p breakout?Another series of rising lows that caught my eye. The volume picture looks subdued on first glance but it is worth noting that the chart is being skewed by the massive spike on the 8th April. Strip that out and Friday’s volume was actually close to twice the average, which tells a different story. The price is squeezing upwards with tight price action and the lows keep stepping higher. The supply of lower prices is running out. A convincing break above 104p on strong volume would be the trigger for me. Until then I am watching and waiting.

by Stockso_Simple

CNC - will the 200p resistance trigger a reversal?I rode a decent trade out of this one below 200p, although I got out too early as usual. The price has now pushed all the way back up to the top of its trading range and this is where I start to pay close attention. Friday’s candle is one of uncertainty, and volume has started to creep back up at this level. That combination at a known resistance level is worth respecting. My best opportunities consistently come from the edges of trading ranges rather than the middle, so there is no rush here. The discipline is in waiting for the right moment rather than forcing a trade. I will hold out and watch how this develops before considering a reversal. Stick to the plan.

by Stockso_Simple

Market Insight: Understanding the -10 EGP GDR Discount 🤔 What does the "-10" actually mean? Currently, the London Global Depositary Receipt (GDR) when converted to Egyptian Pounds is trading roughly EGP 10 cheaper than the local listing on the EGX. 📉 This represents a significant ~7.4% discount. 💡 The Arbitrage Opportunity: Essentially, you are looking at the exact same company, but it is 7.4% cheaper to purchase in London than in Egypt. 🏦 This is known in the financial world as an "Arbitrage Gap" or a "Price Gap." 💹 ⚖️ Why does this gap exist? Several factors contribute to this pricing discrepancy: EGX Overbought Conditions: Local demand in Egypt may have pushed the local stock price to overextended levels. 📈🔥 Capital Controls: The gap persists because moving capital and converting shares between the Egyptian and London markets is complex and restricted. 🚧💱 Currency Sentiment: These gaps are often "pressure gauges" for the EGP. When currency controls are relaxed or liquidity improves, the gap typically shrinks as prices converge. 📉🔄 📝 Bottom Line: A wide discount often suggests that the local EGX price may be due for a correction, or the London price is anticipating a shift in the exchange rate. Watch this gap closely it’s one of the best indicators for market sentiment! 🔭💎 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 www.tradingview.com ✨💸🤑

by mnmabroukw36ix

IWG - Workspace as a Service IWG is the global leader in flexible office space. It operates nearly 6,000 coworking and serviced office locations across more than 120 countries under brands such as Regus and Spaces. In simple terms, it provides flexible workspace solutions to businesses of all sizes, increasingly through a capital-light partnership model with landlords.

SSPG - could buyers be mopping up supply at the old gap support?Tuesday’s price action was a clear anomaly and it is the kind of thing that only stands out if you are watching the relationship between price and volume closely. Volume price analysis is not an exact science, it is more of an art. What I like to do is look back at similar sized candles and compare the corresponding volume to understand whether there is a pattern worth paying attention to. In this case 3 times the average volume on a lower rejection wick tells me buyers were actively mopping up the sell orders being thrown at them. What adds another layer of confidence is the price level itself. This is exactly where the gap was formed back in December. Old gaps have a habit of acting as support, and that appears to be exactly what is happening here. Price target: 208p Potential reward: 29%

by Stockso_Simple

PRV - could rising lows and high volume lead to a 760p break?Some of the hardcore technical traders out there would call this a pennant or a wedge. I try not to get too hung up on the fancy names. What I see is a pattern I recognise and understand. The logic is straightforward. If you are accumulating stock you want to do it at the cheapest price possible. But if you keep absorbing the sellers below 750p, eventually you run out of sellers at that level. That is exactly what appears to be happening here. A steady reduction in supply, with the lows creeping higher each time the price dips. Friday’s session was interesting. Extremely high relative volume on tight price action. That could be one last push to clear out the remaining sellers before a breakout. A move above 760p would be the signal for me. That said I want to be clear, I have seen stocks dump hard from exactly these patterns before. There is no certainty in markets, only probabilities. The long term trend is pointing upwards which adds a layer of confidence, but manage your risk accordingly.

by Stockso_Simple

IGR - is the CEO's £800k buy the ultimate sign of confidence?This one came up on my screener on Thursday due to a significant volume spike and it is easy to see why. Since the strong breakout on the 30th April there has been a very encouraging series of rising lows building each day. The price is quietly squeezing upwards and the volume behind the move has been consistently elevated. That combination is exactly what you want to see building underneath a potential breakout. The gap created back in August is now acting as the overhead resistance around the 90p area and the price is pushing up against it with real conviction. Whether it can break through is the key question. What adds an interesting fundamental layer here is that the newly appointed CEO has recently purchased around £800k worth of shares. That is not a token gesture, that is a serious vote of confidence from someone who knows exactly what is going on inside the business. Price target: 90p Potential reward: 21%

by Stockso_Simple

GTLY - could the rising lows signal the end of the recent fall?I hold this one as a long term investment so I have a little more context than usual, which also means I am probably more perplexed than most about the scale of the share price fall recently. Two things concern me fundamentally. Receivables currently sit at around 48% of sales, which feels high and is worth watching closely. The 13% dividend yield also looks unsustainable at these levels, and a yield that high is often the market telling you something the income statement hasn’t confirmed yet. The chart however is starting to tell a slightly more encouraging story. The price has been moving sideways for around a month with very tight price action, and there is a slight curl upwards in the lows which is a positive early sign. Then there is that volume spike which is hard to ignore. If that represents genuine accumulation rather than a large holder distributing, I would want to see a convincing breakout above 76p before getting too excited.

by Stockso_Simple

Heads up... SolGold just broke a 4-year descending triangle...Got in at 10.5p while everyone's chasing AI nonsense. Now sitting at 15.7p and this is just the warm-up. My friend Sean Tufford put me onto the LSE:SOLG SolGold telegram and here's what hit me - we need 80+ new major copper mines by 2030 just to electrify the world. Takes 20 years to build one. The math is broken. Copper is the new oil. The Setup That's Printing Position: Loaded at 10.5p First Target: 34p Franco Nevada and Osisko just wired $750M for streaming rights. That's not a bet, that's conviction. Why This Goes Parabolic: Cascabel isn't some exploration play. It's one of the largest copper-gold deposits on the planet that's not owned by a major. Yet. 540Mt reserves. First quartile costs. 28-year mine life that could triple. Trading at 0.11x NAV while peers sit at 0.30x. The market's asleep. Jiangxi Copper took a 12% stake at 45% premium. BHP owns 10%. Newmont owns 10%. Three majors circling like sharks. The Trade: The 4-year triangle break is your signal. The institutional money flooding in is your confirmation. From 10.5p to 34p = 224% minimum. That's just getting back to the old highs before the real move starts. Once the market wakes up to what $5 copper means for a first-quartile producer, this rips to 50p+. Stay long. Outguess the crowd. The descending triangle was the accumulation. Now we ride the impulse wave.