A thread created for the TA of charts on the LSE markets. (aim and plus included)
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BAB chart looks fantastic. Id go long but fear EURO exposure.

SKINNY any thoughts?????? on this i mean.

Well the chart looks superb - looking to challenge recent high (875.50p) again.

Ex dividend (I know you aren't interested) 4th July (17p) yield @2.7%

It also looks likely to be promoted to the FTSE 100

I have BAB also on watch, some very good results last month and the dividend is covered over 2x's, FTSE 100 promotion also on the cards and the board believe earnings will be above expectations. Europe is a concern although our own government making further cuts in the MoD, RAF etc is more of a concern. 800 tested and supported however I'm not convinced of the support here.

For me the 800 downside needs further testing, all the good news is already priced in. I'm sceptical if tested again the 800 wouldn't hold up for long and we'd see a fall to 750ish resistance.

BAE announced today the closure of its Newcastle factory

"BAE said the proposal to close the old Vickers site in Newcastle at the end of 2013 followed a business review that concluded that there was no prospect of new UK armoured vehicle manufacturing work once production of the Terrier ends."

From Babcock Finals
"In the UK the £38 billion shortfall in the Defence Budget over the next 10 years is being addressed through a comprehensive review of existing and planned programmes and personnel requirements. As a result, radical organisational change is proposed within the MoD together with significant reductions in equipment spending and in uniformed and civilian MoD staff. Within this context we expect the increasing pressure on budgets and manpower will drive greater outsourcing and the short-term potential for the extension of existing contract services in support of MoD legacy assets."

This all suggests to me that forward EPS will begin to fall, problems within Europe will possibly compound the situation. The recent highs are unsupported as we've yet to test the downside. As such BAB remains on my watch list until forward EPS is backed up or downside support is found.

I'm very aware this goes againt the price trend however it's got to top out somewhere and I'm neutral to bearish with all the spending cuts going on when it comes to defense and supporting services.

Just my view Goldfinger on BAB

cheers Shortie post a bit more here please.

Much appreciated , cheers skinny ever the rock.

ohhhhhhhhhhh im tempted. been in and out of this one so much and made a lot of money.

Look at TRB!!!

Some newbies tonight chaps.

Just looking again at the charts, some right spikes wicks on the candles.

Sooo volatile.

look at the volume on AIP............

lots of potential support lines here between £2 and 150p, be interesting to see which level we reach in the coming weeks of further volatility.

At least something's going up today... Bond ETF's

Glad i went fishing today. Interesting charts jonuk.

Gold looking sexy.

Take it the yanks have screwed up on the jobs figure either that or Spain is in trouble again.

Perhaps there's speculation that the signs of slowing in the US are going to get the Fed to fire up the printing presses? That is a bullish scenario for gold. I see Randgold Resources up ~7% at the moment.

EDIT Yes GF, both really. US employment data well under forecasts, with some downward revisions on previous data too. Eurozone problems as always.. The DAX particularly slammed today by manufacturing data from Germany.

Germany now..... that is bad.

Weak bunch of politicians worldwide.

We need somebody with some clout.

People can say what they like about Gordon Brown, but he got stuck in and showed the way to the rest of them.

Glad when this poxy holiday is over. dont get me wrong im a royalist but ...well its womens stuff.

Cant wait for the EUROS and then all the stuff this summer.

Interesting moves indeed in gold mining equities...



And for reference Gold (Physical Gold ETF)

Might be worth intraday trading Randgold. Dont it many times before.

Changes tonight ..... Bullish Trending Charts....... out goes WWH MCRO 888 GFRD AEP. Trend faltered.

In comes new uptrending charts SUS PAY ARBB ESO

Bearish Trending Charts..........out goes CNMI KGI SYP recovery taking place.

In comes Dogs, NTA AND RPT.