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.
Christopher Williams, Technology, Media and Telecoms Editor
IMAGINATION TECHNOLOGIES
Being an Imagination Technologies shareholder has not been for the faint-hearted in a rollercoaster year. But those with the guts to stick with one of Britain’s few global hi-tech forces and see past the ups and downs of quarterly results should enjoy big rewards.
Its fortunes are linked to the growth in smartphones and tablet computing thanks to its leading position designing graphics microchips. The mobile revolution still has a long way to go as it penetrates all aspects of our social and business lives; the number of smartphones worldwide is expected to overtake the number of computers in the first quarter of next year.
Despite competitive pressures and a fast-changing market, it will be hard for it not to increase revenues rapidly in 2014 and beyond.
The price will start from a low base in the new year, below 200p. At its peak in 2012 it was above 700p. The shares are cheap and represent a big opportunity for patient and courageous investors who understand that the type of innovation the company feeds off can’t be usefully measured every three months.
BG. Looks like an interesting short to med term trading opportunity arising here. Anyone for 1350p in the rising trend channel. This coincides with last years resistance.