A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts plus FX can also to be included in posters analysis.
effects of collapsing oil price
up to now, we have only had anecdotal evidence and whatever we have read in the press
however, i can now report first hand from our people in usa/canada where a couple of mining/oil "serious" clients will be returning kit due to mothballing of projects
those clients will not be in isolation, and of course there is and will be further repercussions not only in usa but also all over the world where these activities take place
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if you're a bull for 2015, i'ld be very very wary
if you play the stock indices, then it could be a wild time as i think there's still hefty volatility to come
One for the candlechart specialists. Ibex Global (IBEX) has not produced one positive candle since mid-December 2013. Downbets are taken online at Spreadex or by phone at IG.
I have been short of it in the past, but after closing my position last August, I forgot about it till this week. Share price dropped a further 6.3% this morning.
They operate call centres in various parts of the world but are a tiny player in this field (market cap below £38m now)
Chart fell heavily in March and October (HY and FY Results).
Ashmore Group (ASHM). Fund manager specialising in emerging markets. Simple 200/50ma on longterm chart, 200/50 and 13/9 on shorter term chart.
Anyone care to apply indicators that give a positive view? I remain short at present, but whether long or short I am always concerned to hear indications of any imminent reversal.
Having in the past studied a VERY wide variety of indicators, I ditched most and nowadays use very few; namely MAs (various), RSI (basic Wilder 20 Daily), support/resistance levels (horizontal only, never slopes), a small handful of candlepatterns for half-week trades, doubletops/bottoms. All used in conjunction with newsflow and a very limited set of financial data (debt, earnings growth, peg, and occasionally other bits). But my selections almost all arise initially from visual chart scans rather than data mining.
At present my short term portfolio is almost all downbets.
Its on my radar, at 240-235 I'd expect a bounce. Looking to buy long and play the range. current sp puts it on a p/e of 13. 2014 operating profit 169.7m, net company worth book 543.6. so at a p/e of 12 market cap comes in at 2597m currently 1824m off a declining operating profit but still makes me feel both technical's and fundamentals are on for this bounce.
Thanks shortie. Very useful. A bounce would not surprise me.
My bets are always put on in tranches, with individual stops, some very tight. Two of my several ASHM bets got stopped out in the past few minutes, banking a nice gain, others remain. I don't have any overall negative attitude to the company itself, merely playing it, and the narrow spread allows that.
i think THT has just reported ..... you know i never bought them because i always said the product was dreadful .... i recollect you mentioning that i was wrong and that they were flying off the shelves in M&S