[WEEKLY ROUND-UP]
News was the killer blow for AstraZenica and BG Group - I predicted a drop in SP this week for both. AstraZenica announced some clearance of a patent issue, and also that one of their product was showing signs of blocking some cancer cells from growing. BG Group announced that it is involved in the biggest oil find in 30 years off the coast of Brazil.
AstraZenica:
AstraZenica appeared to breakout from it's current range, but corrected itself over the following days and is back in line. BG did more or less the same, and has had overall down days this week despite opening higher on most of them.
BG Group:
Aberdeen Asset Management and Morgan Crucible closed down on the week despite a strong comeback on Friday afternoon, egged on by the performance of the FTSE. ADN looks interesting yet again. It doesn't quite know what to do in this channel - I believe next week it could go up and get to the resistance at 150 again. Potentially ADN is a good swing stock like I've said before. This s/r line at 133 also represents good opportunities for quick trades.
ADN: Aberdeen Asset Management:
MGCR is in a certain uptrend now, and is looking to establish even more bullish momentum. I can't help but feel for the moment, the wind is out of the sails and it might drift a little to the new support line at about 210.
Morgan Crucible:
I removed TATE from my watchlist earlier in the week as I didn't think it was a good enough stock to hold a place there. It is up about 30p this week with strong resistance at Fridays closing price. CBRY was also removed, it had some good news, and is up about 25p on last week.
Premier Oil is up just a shade - I thought initially it might bounce back off the resistance, but it has been looking strong all week. Oil stocks are the hottest on the FTSE at the moment, and the oil price sets record highs every day - a great time to get into them on corrections in my opinion. At the start of the week, PMO gapped up, hit the resistance, and closed down with support at the gap line. I don't think PMO is a buy in the short term ¬2 weeks, as potentially there is too much downside risk compared to upside gains. I'm looking for support at 1463, 1360 and at the moving trend support line. The RSI here has signalled and is dangerously close to confirmation of overbought - but overall PMO is on the up and looks set for continued growth.
Premier Oil:
Every time I look at SOLA I'm amazed. I actually looked at this chart at the end of March, and thought - potential buy. I wasn't really clued up 100% on TA then, but looking back - what a stock! It's up 80% since then, and up 30% since I compared it with SHI for a buy. It's quite a volatile stock, it rides it's rises and it's falls well - there is a lot of money to be made, and equally, a lot of money to lose on this. I'll only supply a little bit of this chart, as my TA was deleted on it at prorealtime.
ReneSola:
BKG is a strong buy for me at the moment, nuff said
BKG:
Overall, here are my results for the past week:
I intend to keep these on my watchlist for next week, with the exception of Cadburys. I just think there is too much volatility with this stock and for me it's only a safe buy at 540 and 500.
I will have a quick look about for some new stocks for next week on Sunday night - but ideally I'm looking to keep my watchlist to about 14 stocks maximum.
AstraZenica:
AstraZenica appeared to breakout from it's current range, but corrected itself over the following days and is back in line. BG did more or less the same, and has had overall down days this week despite opening higher on most of them.
BG Group:
Aberdeen Asset Management and Morgan Crucible closed down on the week despite a strong comeback on Friday afternoon, egged on by the performance of the FTSE. ADN looks interesting yet again. It doesn't quite know what to do in this channel - I believe next week it could go up and get to the resistance at 150 again. Potentially ADN is a good swing stock like I've said before. This s/r line at 133 also represents good opportunities for quick trades.
ADN: Aberdeen Asset Management:
MGCR is in a certain uptrend now, and is looking to establish even more bullish momentum. I can't help but feel for the moment, the wind is out of the sails and it might drift a little to the new support line at about 210.
Morgan Crucible:
I removed TATE from my watchlist earlier in the week as I didn't think it was a good enough stock to hold a place there. It is up about 30p this week with strong resistance at Fridays closing price. CBRY was also removed, it had some good news, and is up about 25p on last week.
Premier Oil is up just a shade - I thought initially it might bounce back off the resistance, but it has been looking strong all week. Oil stocks are the hottest on the FTSE at the moment, and the oil price sets record highs every day - a great time to get into them on corrections in my opinion. At the start of the week, PMO gapped up, hit the resistance, and closed down with support at the gap line. I don't think PMO is a buy in the short term ¬2 weeks, as potentially there is too much downside risk compared to upside gains. I'm looking for support at 1463, 1360 and at the moving trend support line. The RSI here has signalled and is dangerously close to confirmation of overbought - but overall PMO is on the up and looks set for continued growth.
Premier Oil:
Every time I look at SOLA I'm amazed. I actually looked at this chart at the end of March, and thought - potential buy. I wasn't really clued up 100% on TA then, but looking back - what a stock! It's up 80% since then, and up 30% since I compared it with SHI for a buy. It's quite a volatile stock, it rides it's rises and it's falls well - there is a lot of money to be made, and equally, a lot of money to lose on this. I'll only supply a little bit of this chart, as my TA was deleted on it at prorealtime.
ReneSola:
BKG is a strong buy for me at the moment, nuff saidBKG:
Overall, here are my results for the past week:
I intend to keep these on my watchlist for next week, with the exception of Cadburys. I just think there is too much volatility with this stock and for me it's only a safe buy at 540 and 500.
I will have a quick look about for some new stocks for next week on Sunday night - but ideally I'm looking to keep my watchlist to about 14 stocks maximum.
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