A thread created for the TA of charts on the LSE markets. (aim and plus included)
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As is now GF, but the short term trend July-Sept with those spikes suggests a short play. Waiting for around 380p resistance to be broken to confirm the buy signal.

As an aside chaps and not into charting methods myself except for support and resistance, what about market sentiment? and how do you factor that into the charting process? I'm just trying to see and to learn.

Personally Stan I move between 3 systems using the one best suited to the market at anyone time. Im on a momentum 52 week high one at the moment.

Also use a beta under 1 if possible and ATR as one of my oscilators to cut down volatility.

But dont forget Im not a pure TAer. I like to be an all rounder.

Some are pure TAers, some pure fundies.

A mix of both works for me, for others it suits them to be one or the other.

Thanks G/F, Suppose it's like most things in life, it's what works for us all at a particular time, and is all down to personal taste.

For me it depends on what I'm buying, some 70% of my portfolio is invested in high dividend paying stocks and bonds so technicals not so important. I do however like a flutter and so use technicals along with fundamentals for placing spreads for short term capital gains or losses as is sometimes the case. I'm a credit manager in the real world so don't have a system really but I don't invest in what I have either no interest in or don't understand. With technicals I tend to stick with support/resistance, momentum and the trusty old moving averages. I quite like candlesticks also. Guess then I'd fit into the all rounder category

Shortie - that's sorta my approach.

Any views?

HLD - they got about 1.3x dividend cover at 7%+ yield which looks attractive. There currently trading at a low PE some 7.6 but March 12 accounts showed a 20% decrease in net income. Sure the share looks attractive now but unless sales have picked up which I very much doubt both dividend cover and yield will slip. You have to ask yourself if halfords retail trade is really going to work and I think not. Competition online will crush their car retail segment over time, 18% down in March the segment was and I expect the trend to continue. On technicals I'd hold off, I expect 275-280p resistence will reverse the upwards trend, so my play would be a short from around 280p.

Skinny looks like resistance ahead nice chart. Must have made a few bob on that already. Upped volume today which is a good sign.

Think Ill put it in my hot watch portfolio.

Just one more push.....


CLF

Technicaly nearing a down channel
breakout through the ceiling at 90pish

Very positive.

Volume looks very perky, and some
would say overbought but these lower
indicators the oscilators can plateau
for long periods.

Looks like we're about to see a golden cross GF..

Suprised me how resilient a lot of stocks are today. I was thinking we would have a full deck of reds.

One to watch...... 24 hour rule.....

Hornby crash looks overdone this morning on profit alert..

Have you seen the stuff HRN are making? The Olympic stuff is mostly really poor quality & vastly overpriced. I sold my stock in Aug when I saw how bad the toys & memorabilia were. For management to allow such poor quality through is unforgivable imho!

Yep the Olympic stuff was supposed to be a game changer. Thank god didnt still have them.

Thinking of going in for MCRO. (nearer close as its going in and out of being positive)

Didnt realise it was on such a cheap rating.

P/E 10.6 to 2014

Micro Focus International PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Peel Hunt
20-09-12 BUY 97.21 47.00 23.50 101.29 51.34 25.67
Westhouse Securities
20-09-12 BUY
Panmure Gordon
20-09-12 BUY 105.56 51.22 71.20 108.06 55.22 73.08
Merchant Securities Limited
14-09-12 HOLD 110.20 50.84 23.01 115.22 53.29 24.16
Singer Capital Markets Ltd
14-09-12 BUY 98.34 47.88 21.96 100.02 52.10 24.16
Investec Securities
17-08-12 BUY 105.45 52.72 26.36 108.18 59.90 29.98
Canaccord Genuity Ltd
06-08-12 BUY 108.94 51.24 23.17 115.26 54.92 24.98
Numis Securities Ltd
21-06-12 BUY 111.06 48.60

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 104.50 49.88 32.34 107.46 54.30 34.47
1 Month Change -2.43 0.09 1.25 -2.85 0.81 1.62
3 Month Change -2.00 1.46 12.49 -1.47 2.78 12.73


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 21.04% 27.24% 8.87%
DPS -3.15% 111.92% 6.60%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £117.09m £111.70m £114.10m
EBIT £94.52m £102.85m £105.32m
Dividend Yield 2.64% 5.60% 5.96%
Dividend Cover 2.57x 1.54x 1.58x
PER 14.74x 11.59x 10.64x
PEG 0.70f 0.42f 1.20f
Net Asset Value PS -95.75p 15.46p 7.84p

I haven't seen any of the stuff they made for the olympics. Hornby used to always produce decent toys, had assumed they were to the old standard and clearly mistaken. Good job I'm not holding and if new stock is indeed cheap rubbish then they deserve the crash in sp.

Compare & contrast:




This one is around 3-4" wide and was on sale at around £8-10 I remember:

Day light robbery.

I should have shorted them of course - hindsight!