goldfinger
- 12 Jan 2010 20:42
KullyB
- 03 Dec 2012 08:24
- 3201 of 3532
Morning All
An old favourite of mine, AVN. It's a broadband satellite provider (wireless broadband which aim's to reach remote area's targeting Europe/Africa and eventually America). Anyway it's had a volatile year if you view the longer term chart and one i've done very well out of this year.
On Friday it had a rather remarkable turnaround posting a "Morning Star" with significant volume and a "Morning Star" is defined as "A significant reversal if seen in a downtrend, it has three candles, the first two are a Star, the third confirms closing well into the real body of the first candle". Positive divergences are also in play on the Stochs/MACD. The lower indicator's have plenty of room for a move to the upside.
Kind Regards All
KullyB
goldfinger
- 03 Dec 2012 09:15
- 3203 of 3532
AVN looking good Kully. I like the MACD postion.
goldfinger
- 04 Dec 2012 09:19
- 3206 of 3532
Interesting...... Inchcape...... been looking at this one aswel.
Deutsche Bank
Markets Research
Europe
Periodical
European Daily
Focus
Tuesday, 4th December 2012
European Equity Strategy 2013 Outlook: Pro Cyclicals
Companies Mentioned
Telecom Italia (TLIT.MI),EUR0.7 Buy Price
Target EUR1.24
Intesa SanPaolo (ISP.MI),EUR1.31 Buy
Price Target EUR1.6
AXA (AXAF.PA),EUR12.67 Buy Price
Target EUR14.3
Adecco (ADEN.VX),CHF45.82 Buy Price
Target CHF54
JCDecaux (JCDX.PA),EUR17.35 Buy Price
Target EUR25
Hunting (HTG.L),GBp806.5 Buy Price
Target GBp1050
BASF (BASFn.DE),EUR69.47 Buy Price
Target EUR76
SKF (SKFb.ST),SEK159.2 Buy Price Target
SEK165
Saint Gobain (SGOB.PA),EUR30.68 Buy
Price Target EUR33.5
Inchcape (INCH.L),GBp429.1 Buy Price
Target GBp480
We are positive on the outlook for equities due to an expected rebound in global
growth to 3.5% in 2013, led by US growth of 2.5%.
In the euro area we expect the pace of deleveraging to slow, the credit impulse to
rebound, and demand to surprise positively in H1 2013. We expect the stronger
GDP growth to improve the fiscal outlook, and for euro area CDS spreads to
tighten.
Three factors that could cause the cycle to turn are 1) an easing in balance sheet
pressures related to the 2011 stress test targets, 2) a slowing in the pace of destocking
in the euro area, and 3) a pick-up in global growth.
In 2012 US household spending was strong, particularly on durable goods and
residential investment. If resolution of the fiscal cliff causes policy uncertainty to
decline, we expect business capex growth to follow suit.
In EM we expect growth to pick-up after 18 months of adjustment, and for the
recovery to regain traction as credit growth stabilizes, led by China.
We expect global growth of 3.5% to drive EPS growth of 6% for the Stoxx 600,
and for the decline in euro area sovereign risks to cause the market to re-rate to
12.5x forward earnings. We expect the Stoxx 600 to rise to 315 by end-2013, and
to 340 by end-2014.
Against this backdrop we believe we should continue to buy cyclicals. The 18%
outperformance of cyclicals relative to defensives since our 2012 outlook note
could be just the appetizer.
The global cyclicals will clearly benefit from a return to 3.5% global GDP growth
and domestic cyclicals should re-rate on the back of a growth surprise in the Euroarea
which might involve a recovery in both business capex and consumer
spending.
A recovery in capex should benefit the revenues of the receivers and enhance the
growth outlook of the spenders. In the next leg of the cyclical rally we need to put
away those ideas that capex is bad.
We recommend overweights in banks, insurance, telecom, chemicals, media and
construction, and underweights in food & beverages. We prefer value over growth
and like the Italian market relative to the Swiss market.
Our 2013 strategy picks are Telecom Italia, Intesa SanPaolo, AXA, Adecco,
JCDecaux, Hunting, BASF, SKF, Saint Gobain and Inchcape.
Michael Biggs
(+44) 20 7545-5506
michael.biggs@db.com
goldfinger
- 04 Dec 2012 09:37
- 3207 of 3532
Further to above note ........
3 December 2012
European Equity Strategy
Deutsche Bank AG/London Page 21
Domestic UK has been amongst some of our main sector recommendations this year
(initially in UK Equity Spotlight 17 February). Given the improvements in the Bank of
England’s credit availability indices (for secured lending to households – see chart in
previous section) which correlate well with the UK credit impulse, this trend could
continue into 2013. Comments from Experian also point to a potential pick up in
unsecured lending. This would benefit amongst others the likes of Inchcape, JD
Wetherspoon and Kingfisher.
Shortie
- 04 Dec 2012 12:33
- 3209 of 3532
Resistance to me looks like its already been taken out GF
Shortie
- 04 Dec 2012 12:43
- 3211 of 3532
She wouldn't get any resistance from me Skinny...!!
Dil
- 05 Dec 2012 02:29
- 3212 of 3532
Still no bloody TEF chart !
Ask me if I'm bovvered :-)
goldfinger
- 06 Dec 2012 08:25
- 3214 of 3532
In Bullish Trending Charts 52 week highs.
goldfinger
- 06 Dec 2012 08:50
- 3215 of 3532
Gone long on Inch. Breakout confirmed by my 48 hour rule.
Seymour Clearly
- 06 Dec 2012 10:02
- 3216 of 3532
How annoying. Sold DXNS yesterday for miniscule profit, only to see it jump 1p this morning. Still, at least it was a profit!
goldfinger
- 06 Dec 2012 11:59
- 3217 of 3532
Trouble is aswel brokers are divided about 50/50 on the way forward for DXNS. Would have had some myelf if it were not for this.
goldfinger
- 06 Dec 2012 12:17
- 3218 of 3532
SPD Sports Direct.
Chart and TA postion here at SPD
looking very bullish leading up to
next weeks results.
Could do with a bit more volume
but expect to get that as we home
in on results day.
goldfinger
- 06 Dec 2012 15:38
- 3219 of 3532
INCH Inchcape.
Chart breakout and new 52 week high for INCH
Looking for 500p SP going into
the new year 2013.
goldfinger
- 06 Dec 2012 16:04
- 3220 of 3532
PHTM PHOTO ME
Chart looking in good nick
ready for results tomorrow...
52 week breakout..