Bank Of Georgia Share Discussion Threads

[mr_bluesky] 09/8/2013 16:11

skyship:

Apt looks like it will have more of a chance of a break out up the way I see it.

it has gone beyond a bullflag now and is in more of an extended consolidation but it is still a bullish pattern that has a higher chance of an upward break out then down.

it is loosly an ascending triangle I suppose with a"pot hole" in it where the price quickly drops and then recovers to roughly the same level which quite often happens before a move up.

So all in all looking much more bullish then bearish and good luck.

Mr Bluesky

[skyship] 09/8/2013 13:47

Mr BlueSky - this looks to me like an Ascending Triangle Bull Flag - as per your definition with PGD back at the start of this thread.

Personally I like to support any chart interpretation with similar on the Fundamentals. With APT below the Fundamentals support the play with today's news of a Hedge fund increasing its holding; adding fuel to the basic story of a liquidating propco with no debt concerns and assets of 60p/share versus the share price of 39p. The upside as they liquidate over the next 24-30months seems to offer a Gross Redemption Yield in the range of 12%-15%pa.

Not fireworks perhaps - but secure upside for a SIPP - personally very happy to be holding...

[mr_bluesky] 09/8/2013 13:44

VLX now at 107p and just under the 200dma may actually look as if it may break out after all this time.

[mr_bluesky] 09/8/2013 13:22

LOND:

a break over 110p ad it gets bullish

POLY just broke over 700p to go bullish

[mr_bluesky] 09/8/2013 12:35

FXPO bullish chart!

This chart shows it has just had a lower low in price and a higher low in MACD recently.This is considered bullish and means that the bottom has been seen and a recovery for real is the likely out come.

The price has also risen above the 50dma ( 50 day moving average ) which is another bullish sign,but remains below the 200dma.A break over the 200dma at circa 200p will take it from bullish to very bullish as it will be back in the recovery area.

A break through the longer term descending resistance shown by the green line and things will get uber bullish.

We have just had a bull candle break out on results and with the RSI and MACD where they are we should see further gains to head towards the 200dma at circa 200p IMO.

Mr Bluesky

[mr_bluesky] 09/8/2013 11:46

TSCO at 371p looks to be on the verge of a strong move to advance to circa 400p IMO.

[mr_bluesky] 09/8/2013 11:32

allstar:

I also spotted FXPO weeks ago.

He did'nt pin point a break out down to a two day window though did he?

It takes real charting skill to do that :)

[skyship] 08/8/2013 11:50

A plethora of positive trading news; but DSC still consolidating its recent gains. We need some volume to break through the 210p glass ceiling. With an historic NAV of 251p & prospective of perhaps 275p, its all a matter of time as most propcos now trade at a premium to their underlying NAVs:

[mr_bluesky] 07/8/2013 19:00

FXPO closed at 185p.

I guess you can call that a break out ;)

[mr_bluesky] 07/8/2013 12:04

Bullish chart pattern still valid....


Ferrexpo (LON:FXPO) – Interim Results

• Pellet production from own ore up 11% at 4.56 Mt with total production up 11% at 4.725 Mt.

• Sales volumes up 19% at 4.486 Mt giving revenues up 6% at $775m and EBITDA up 1% at $244m.

• Market prices came down by 6% lower than first half 2012 from $142/t.

• C1 cash cost of pellets at US$61.8/tonne against $60.4/tonne in the same period last year up 2.3% reflecting the ramp up at FYM.

• The second quarter saw costs controls coming through.

• Net debt stood at US$566m for the period with VAT owed to the government accounting for 85%.

Conclusion: These are a good set of results from Ferrexpo with volume gains offsetting price declines of 6% from the first half of 2012. The company saw good demand for its pellets with reduced availability from Brazil. Higher quality pellets are said to seeing good demand from steelmakers trying to manage emission targets with the premium achieved for pellets said to have increased from the second half of 2012. The company is the closest supplier to Europe, Middle and Asia and the steelmakers most likely to be targeting emissions and keen on high quality pellets are likely to be in Europe and Japan.

With iron ore prices remaining robust there could be scope for a positive surprise in the second half from the depressed levels seen in H2 2012.

[mr_bluesky] 06/8/2013 18:46

allstar:

FXPO has not totally broken down yet,but not looking so good after it and a lot of other miners have taken a hit today.

That is exactly why you don't get in before it breaks out.

mining sector not quite ready to take a long term gamble on just yet.

[mr_bluesky] 06/8/2013 18:44

PFD at 94p looks close to a break out to circa 110p.

[allstar4eva] 06/8/2013 15:37

FXPO on brink of breakout?

[mr_bluesky] 06/8/2013 15:03

AGA:

breaking out over descending resistance atm at 100p.

Looks to be a good long term recovery play from here on in.

Mr Bluesky

[mr_bluesky] 05/8/2013 09:48

I mentioned that now would be a good time to start watching some ftse 350 miners as the mining index looksto be turning bullish.

FXPO at 174p looks to be on the brink of a break out with a first target of circa 200p IMO DYOR

Mr Bluesky

[skyship] 02/8/2013 11:19

From one Sky to another...

Never come across this thread before until yesterday. Read a couple of your recent posts, looked at the chart of WIN & immediately bought a small allocation trade @ 75.75p. Sold this morning @ average 79.31p. Possibly too soon, but a turn is a turn as they say.

Will try to return the favour and post here when I see a comparable flag or other good chart formation.

Personally I am a value investor, seeking to buy assets at a discount; so my favourite sectors are Commercial Property, Liquidation plays, Private Equity and other specialist trusts such as liquidating hedge fund ACD. These are the relevant threads I host:

Commercial Property:


Liquidation Plays:


Private Equity:


ACD:


DSC:


NB: I've added the last as I believe DSC are ready for another run after consolidating recent gains - see chart on thread.

[mr_bluesky] 27/7/2013 15:51

red:

Already on my list of potential beak outs and a move and hold over .20p will turn BKIR uber bullish IMO

[red army] 27/7/2013 15:49

Watch for BKIR this week as chart awaits in anticipation for results.

[mr_bluesky] 27/7/2013 14:57

just looked at the charts for the FTSE 100 and I have come to the conclusion that it will hit circa 6,950 before the by the end of August......IMO DYOR.

If you look at the FTSE 100 weekly chart for a slightly bigger picture you will see that when it bounced off the low of 6,023 in the week 24-28th June it not only bounced off ascending support but also the 50 wma ( weekly moving average).

This took the price back over the 20 wma where it is now and back into a bullish trend.

The next target I believe to be advanced on is circa 6,950 which will make contact with the ascending resistance in roughly 4 weeks time all going to plan.

6,950 just also happens to be the all time high for the FTSE 100 reached in December 1999.

These are just my thoughts and predictions and are not meant as advise.


just looked at the monthly chart and I have seen that the sell off in the FTSE 100 from 6,875 high to the 6,023 low brought it back to just below the ascending support line form the 1980's that I mentioned and it closed the month bang on top of it. This month has seen the ftse bounce off it in style hence the rally we have had and now the monthly candlesticks have set up a bullish reversal pattern i.e and up trend.

If you look at the ascending resistance for the monthly ftse 100 chart it takes it well into the 7000's.

Mr Bluesky

[mr_bluesky] 24/7/2013 20:26

WIN: 74p

This has got to be one if the best long term bullish charts around right now and still at a very early stage of recovery.

a break through and hold of 80p and this gets uber bullish with a long term target of 260p.......and a longer term target of 400p plus.

chart wise WIN has just Golden crossed where the 50 dma crosses up through an up trending 200dma......very bullish for a long term up trend IMO.

Mr Bluesky

[mr_bluesky] 23/7/2013 20:46

MAB at 415p:

IMS thurdays and with the lovely weather we have been having it may well prove to be a good one.

Yes I do fundamentals as well as charts.

Technically it is in a bullish formation,but a buy over 420p would be sensible to allow for the break out proper and should be good for a short term 10% with more in the longer term IMO

DYOR

Mr Bluesky

[mr_bluesky] 20/7/2013 18:58

DXNS:

finaly looks like it is ready to break out at 44p.

[mr_bluesky] 16/7/2013 19:20

SPRT:

broken over 70p today and looking like there is more to come.

[mr_bluesky] 16/7/2013 19:07

Mr_BlueSky
16 Jul'13 - 19:06 - 576 of 576 0 0 edit


It is no coincidence that PFD,after hitting 90p,has fallen back from its intraday high to close just under the 200 moving average on the charts at 86p.

With the technical indicators showing over bought I would suggest that it is now due a period of consolidation which will likely be in the shape of a small retrace or sideways trading before its next move up IMO.

Mr Bluesky