[WEEKLY ROUND-UP]
Not a great deal of excitement in a week where I have increased my small position six-fold to £2400 in DES in the lead up to some big news in the coming weeks, and made a very quick scalp in LSB. I won't be looking for any swing positions or short term moves as I have some important exams coming up in the next 3 weeks. I felt a long position in DES through the exams would suit me better, don't need to be spending half an hour each night looking at charts when I could better use it for dynamics and thermofluids revision.
There are a lot of numbers being banded about for medium/short term DES - most commonly in the 120-140p zone. More realistically we're looking to break a pound on news and a 15% move on that with anything decent - followed by a long and continued upward trend. DES is a terrific long term play given their position in the Falklands and the current oil price. I will probably just ride this out long if it forms a good uptrend. An RNS should be expected within 2 weeks - this Monday and Thursday are hotly tipped.
For some reason my internet is horrifically slow on a Saturday morning so I'm having trouble getting prices and charts for last weeks Crystal Balling. I think these figures are correct as of Thursday night.
BP is one of the more interesting ones - broke the resistance, only for the oil price to drop overnight. It dropped 10p, but tried to recover on Friday. With the Grangemouth strikes and shocking panic buying at the petrol stations I expect BP to break out. If it breaks out, wait for a bullish up day for confirmation - as if you had bought on the break this time you would be losing out.
I'm glad I'm out of my SHI as it dropped to 780. MGCR is down 5% on an initial prediction of down. VPC still looking OK at 717, up 9%. PMO continues to walk on the price ceiling, up 8.5% - looking for a pull back. My new reversal position in ADM backfired by 3.5%, however AZN second phase is in line to the meagre tune of 2.34%
A bad week for my call on BKG, down nearly 6% by Thursday. SOLA dropped a bit this week, this is looking like a good stock to trade if you get it right. AAL in line with prediction just a tiny 1% and BAE up 4.2%
Bottom-catcher tips in ADM, NG. and one I noticed on Wednesday night - BAY, are looking strong - and I think all will feature on next weeks list. All have come off 52 week lows, with some of those figures historical support as far back as early 2004. BAY at sub 222 looks excellent long term. ADM looks good short with NG. looking good for either.
I won't be in the game so much this coming week - so the Crystal Balling will feature some medium/long plays with one or two that I think look decent shorter. Already on the list are ADM, NG., BAY - I think I will continue to cover BP., AAL and BAE into next week too.
I will upload some charts here when my internet is working better. Gym time.
There are a lot of numbers being banded about for medium/short term DES - most commonly in the 120-140p zone. More realistically we're looking to break a pound on news and a 15% move on that with anything decent - followed by a long and continued upward trend. DES is a terrific long term play given their position in the Falklands and the current oil price. I will probably just ride this out long if it forms a good uptrend. An RNS should be expected within 2 weeks - this Monday and Thursday are hotly tipped.
For some reason my internet is horrifically slow on a Saturday morning so I'm having trouble getting prices and charts for last weeks Crystal Balling. I think these figures are correct as of Thursday night.
BP is one of the more interesting ones - broke the resistance, only for the oil price to drop overnight. It dropped 10p, but tried to recover on Friday. With the Grangemouth strikes and shocking panic buying at the petrol stations I expect BP to break out. If it breaks out, wait for a bullish up day for confirmation - as if you had bought on the break this time you would be losing out.
I'm glad I'm out of my SHI as it dropped to 780. MGCR is down 5% on an initial prediction of down. VPC still looking OK at 717, up 9%. PMO continues to walk on the price ceiling, up 8.5% - looking for a pull back. My new reversal position in ADM backfired by 3.5%, however AZN second phase is in line to the meagre tune of 2.34%
A bad week for my call on BKG, down nearly 6% by Thursday. SOLA dropped a bit this week, this is looking like a good stock to trade if you get it right. AAL in line with prediction just a tiny 1% and BAE up 4.2%
Bottom-catcher tips in ADM, NG. and one I noticed on Wednesday night - BAY, are looking strong - and I think all will feature on next weeks list. All have come off 52 week lows, with some of those figures historical support as far back as early 2004. BAY at sub 222 looks excellent long term. ADM looks good short with NG. looking good for either.
I won't be in the game so much this coming week - so the Crystal Balling will feature some medium/long plays with one or two that I think look decent shorter. Already on the list are ADM, NG., BAY - I think I will continue to cover BP., AAL and BAE into next week too.
I will upload some charts here when my internet is working better. Gym time.
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