600 Share Discussion Threads

[mr_bluesky] 25/11/2012 15:03

BVIC chart 23/11/12:

This chart shows the rally from 250p to 404p where we are now.

The price is right near a major horizontal resistence(green line)so a break over this will be very significant.

RSI is way over bought and with MACD trending up steeply there may be a wee pull back,but I believe the momentum will still be in the upward direction for the medium term.

Finals are on tuesday so this might be enough to jolt it over the horizontal resistence towards a first target of cerca 460p

Mr Bluesky.

[mr_bluesky] 25/11/2012 12:23

DXNS chart 23/11/12:

This chart shows that DXNS broke out in an event flag recently.

Not so much on its own merit,but the misfortune of Comet,its main rival or was should I say.

Note that when the event flag pole formed there was an increase in volume and when the flag formed the volume fell off.This is a classic example in bull flag formation.

Also note that in the last 3 trading days that the volume has picked up a bit and with the MACD having just crossed over we could well see a resumption of the rally.

The crucial point is to break through 26p which we are right on now with the next target of cerca 30p where another bullflag may set up.

Thursday DXNS are reporting Finals so lets see if the next leg of the rally can be founded on their own merit.

Mr Bluesky

[mr_bluesky] 25/11/2012 11:04

STHR chart 23/11/12:

The chart shows the ascending support from late 2008 which became resistence in april 2012.

The share has just crept over the descending resistence from May 2011 and with the MACD and the RSI set up,it is looking good for a kick start of another rally to take it on to test the ascending Support/resistence at cerca 400p.

Fundamentaly it is looking strong also.

STHR are a UK based specialist staff recruiting business that has expanded into Europe providing staff in areas such as engineering,biotechs etc.

They seem to have plenty of cash and have been purchasing thier own shares over many weeks.

The only thing that puts me off a bit is the high p/e which is 18,but I would guess that represents the strength of the company.

STHR have a Trading Announcement on friday and I will be buying in to this next week.

Mr Bluesky

[knigel] 24/11/2012 17:57

QED apparently at a 50% discount to NAV...interesting.

[mr_bluesky] 24/11/2012 17:07

OK!

Having looked at the charts the ones I like the look of are:

ADN,BVIC,SVT,DXNS,PAY and STHR.

Also I quite like:

QED,TPT,SVT,UU. and MARS.....but I am not so bullish on those.

The ones I really dont like are:

DLAR,PNN and KGF.

So only 3 out of 13 I dont like and I thought I may struggle this week with the lack of reports.

I will post atleast one chart over the weekend.

Mr Bluesky.

[knigel] 24/11/2012 11:20

Do you think including AGMs might be useful as sometimes AGM statements are interesting. Also i presume you are not including small cap/aim share results due?

[mr_bluesky] 24/11/2012 11:07

The Week Ahead

Key Companies Reporting: November 26th– 30th

Monday – Finals: Aberdeen Asset Management (LON:ADN). Interims: Quintain Estates & Development (LON:QED).

Tuesday – Finals: Britvic (LON:BVIC), Topps Tiles (LON:TPT). Interims: De La Rue (LON:DLAR), Severn Trent (LON:SVT), Topps Tiles (LON:TPT).

Wednesday – Interims: United Utilities (LON:UU.).

Thursday – Finals: Marstons (LON:MARS). Interims: Dixons Retail (LON:DXNS), Paypoint (LON:PAY), Pennon Group (LON:PNN). Trading Announcement: Kingfisher (LON:KGF).

Friday– Trading Announcement: SThree (LON:STHR)


OK so thats the key Companies reporting for next week and a bit thin on the ground compared to recent weeks.

I will look at the charts later and make my pick/s

Mr Bluesky.

[contact2fsnetcouk] 22/11/2012 20:35

There was a positive article in the Yorkshire Post a couple of months ago !

[sharetips] 22/11/2012 12:03

see still rated a buy in cityconfidential - www.cityconfidential.co.uk

[mr_bluesky] 22/11/2012 11:18

SANTA RALLY?

Well the MACD is trying its hardest to turn up(fast over slow).

The last 3 santa rallies have seen a sell off before then when the MACD crossed up again at around the zero mark,the rally kicked off.....

......Will this year be 4 in a row?

Mr Bluesky.

[mr_bluesky] 19/11/2012 16:10

regarding the FTSE100:

I think the question of the recent sell off being a pre santa rally pull back may have just been answered today.

RSI heading up in the 40's and MACD yet to cross over so look out for that for the real deal.

Mr Bluesky

[mr_bluesky] 19/11/2012 14:45

ALERT!

BARC is about to brake out IMO.

MACD about to cross over up and RSI at 60 and trending up.

When it gets past 260p its will move quickly into the 300 penny zone,again IMO.

Mr Bluesky

[mr_bluesky] 19/11/2012 14:45

ALERT!

BARC is about to brake out IMO.

MACD about to cross over up and RSI at 60 and trending up.

When it gets past 260p its will move quickly into the 300 penny zone,again IMO.

Mr Bluesky

[mr_bluesky] 18/11/2012 15:49

FTSE 100 chart 16/11/12:

This chart shows that there has been a drop in the FTSE 100 just before the xmas rallies in 2009,2010 and 2011.

Is this year the same or is it something more serious????

I guess we will find out in the next two weeks and lets hope it is the pre xmas rally pull back before it is let free to advance on 6000 again.

Mr Bluesky

[mr_bluesky] 18/11/2012 14:23

GRI chart 16/11/12:

The above GRI chart shows that it has had a nice rally from 81p in june to 119p in Nov.It has also golden crossed in Oct and has been riding the ascending support since.

MACD and RSI are a little bearish so I would not be suprised to see a test of the ascending support at cerca 112p before continuing with its up trend.

119p needs to break for it to become uber bullish and then that would free the way to attack the next target of cerca 131p.

I personaly will wait for 119p to be broken until I take my position.

Fundamentaly GRI seem to be OK albeit with alot of debt,but they seem to have that under control and are reducing it as a priority.

Finals on thursday may just give it the kick to get it through the 119p first target.

Mr Bluesky.

[mr_bluesky] 17/11/2012 17:33

Another re cycled chart is this one of MTC and a prediction I am particularly proud of as it did as it was told.It has rallied to close the gap as I predicted and with interims on Thursday and with the season to be jolly upon us I expect an advance on to cerca 370p as a next target.....again Madam Market permitting.....

My chart and prediction on 12th Oct:

12/10/12

My MTC chart shows that it has bottomed out at cerca 150p.It then had a bull bounce and is now in a period of sideways trading/consolidation just over the 50dma and the 200.It has also recently golden crossed.The formation it is in now also seems to be an ascending triangle which,in these circumstances,is seen as bullish and is consistent with a possible break out (up) to come.

On the break out of 230p I would expect an advance to over 300p for the first target.MTC have a trading statement release on thursday next week and this could be the catalyst to propel it forward.I have no idea if the statement will be good or bad at this stage though.None of the brokers agree with me that this is a buy,not that i pay to much attention to them,so it seems I am on my own on this one......Lets see What happens.

Mr bluesky

[mr_bluesky] 17/11/2012 17:24

Rather then draw another HFD chart I thought I would re-cycle(get it) this one that I drew up on the 5th Oct.It shows a predicted progression to cerca 346p.Infact it went slightly beyond that,but is now sitting at 341p.

Interims are on wednesday and I would hope that they kick start the rally again to close in on 400p plus.........Madam Market permitting.



HFD chart 05/10/12:
This chart shows the descending resistence line which has been broken through and also the inverted head and shoulders(IH&S) which has also broken.Two very bullish signs.The share also double bottomed at 188p.When it broke out of the IH&S the MACD crossed over.Another sign that a rally was due.The MACD has crossed over again on this big gap up which also leap frogged over the 200dma and a number of resistences also.I would like to see it head up to cerca 346p over the next few weeks,but i suspect we will get a period of small retrace/sideways trading before hand.The gap up happened on good interims helped by the Olympics and the tour de france.I would expect HFD to keep capitalising on this as Xmas approaches

Mr Bluesky

[mr_bluesky] 17/11/2012 17:15

psmig:

Out of the 3 I would pick PAG.

Infact I have looked at the charts for the key companies reporting and the ones that interest me are:

PAG,HSV,AVON,HFD(will do a chart on),FCCN,GRI(will do a chart on),DTG and MTC(will do a chart on).

Mr Bluesky.

[psmig] 17/11/2012 13:45

What do you think about OPTS, PAG and VEC for next week?

[mechanical trader] 17/11/2012 02:31

Cheers Bluey. Same to you have
a good one and dont drink too much. LOL.

[mr_bluesky] 16/11/2012 18:24

MT:

Yep!

That thinking is the same as me.

5,500 is the critical point as a drop through that will see 5,100 or even 4,800.

I'm not bearish just yet,but things are teetering on the edge and next week will determin wether we get a rally or not so it is going to be a biggy for us traders.

have a good weekend mate and dont have nightmares ;)

Mr Bluesky.

[mechanical trader] 16/11/2012 18:09

FTSE 100 been hovering around the 5640
sept support level all day.

Looking at 5600 and then 5500 if
it goes over 48 hours imo.

[mechanical trader] 16/11/2012 18:07

Heres my chart.