NMC Health - One to watchBuy NMC Health (NMC.L)
NMC Health plc is a private healthcare services provider in the United Arab Emirates. The Company operates through two segments: healthcare and distribution & services. The healthcare segment is engaged in providing professional medical services, comprising diagnostic services, in and outpatient clinics, provision of all types of research and medical services in the field of gynecology, obstetrics and human reproduction and retailing of pharmaceutical goods. It also includes the provision of management services in respect of a hospital.
Market Cap: £5.68Billion
NMC Health appears to be forming a bottom pattern on the daily chart. A break above resistance at 3016p is required to complete the pattern, which as this stage is still in the ‘one to watch’ category. The completion of an inverse head and shoulders bottom pattern targets a move to 4325p over the short to medium term. Investors with a more speculative nature could buy at current levels to improve the upside potential. The idea would be invalidated on a move below 2420p.
Stop: 2420p
Target 1: 3015p
Target 2: 3760p
Target 2: 4325p
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FTSE
Persimmon - Looks set to re-build its share price.Technicals
Persimmon is holding at key support and showing signs of attracting value hunters. I also note the bullish divergence on the relative ratio (Persimmon share price / UKX). The price of sterling has been a drag on the shares and with GBP moving higher yesterday it could offer some relief to domestic stocks. Technically and fundamentally, Persimmon looks good value here.
Fundamentals
Persimmon currently ranks towards the top of our fundamental model with exceptional scores on value, profitability, momentum and quality metrics. The shares have underperformed the market over the past 1 to 3 months but we do not expect this to continue.
Pros
Ranks in the top 5 of our fundamental ranking model.
Canaccord Genuity reiterated ‘Buy’ advice on the 20th August with a price target of 2720p.
The business continues to produce steady cash flow and boasts a healthy dividend.
Cons
Sales have slowed in recent months.
Peel Hunt reiterated its hold rating on the 1st May 2019 with a price target of 2025p.
Complaints have been raised about the quality of Persimmon homes, this may act as a drag in the short term.
Stop: 1790p
Target: 2430p
IG Group - Inverse head and shoulders bottomBuy IG Group (IGG.L)
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company's segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland, and derives its revenue from CFDs, binary options and execution only stockbroking.
Market Cap: £2.2Billion
IG has completed an inverse head and shoulders bottom pattern on the daily chart. The move higher stalled at 648 and has corrected lower towards the neckline of the pattern at around 580p. This also lines up with a couple of Fibonacci support levels. The bullish outside candle that has formed today suggests that further upside could be seen in the short term.
Stop: 555p
Target 1: 630p
Target 2: 733p
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Flowtech - Go with the floBuy Flowtech Fluidpower (FLO.L)
Flowtech Fluidpower plc is a United Kingdom-based distributor of technical fluid power products. The Company operates through two divisions: Flowtechnology, which is geographically split into Flowtechnology UK (FTUK) and Flowtechnology Benelux (FTB), and Power Motion Control (PMC). FTUK and FTB focus on supplying distributors and resellers of industrial maintenance, repair and operation (MRO) products, primarily serving urgent orders rather than bulk offerings. The PMC division is engaged in the design and assembly of engineering components and hydraulic systems, which are managed by component supply along with a service and repair function.
Market Cap: £64.98Million
Flowtech is trading in a neat range between 98.5p to 165.5p on the daily chart. The company pays a dividend, which is quite rare of a small cap business. The recent ex-dividend date has been shrugged off with no real impact on the share price. There is an unfilled gap at 120.5p, which is our first target, beyond that we believe the share price could climb towards 149.5p, then 165.5p.
Stop: 95p
Target 1: 120p
Target 2: 149p
Target 3: 165p
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Clean up with Reckitt BenckiserBuy Reckitt Benckiser (RB.L)
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene, post-natal and home products. The Company's segments include ENA and DvM. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN). Health, Hygiene, Home and Portfolio Brands categories are split across the geographical segments of ENA and DVM. Its range of hygiene products includes disinfectant cleaners, automatic dishwashing detergents, pest control, depilatory products and acne treatments. The Company's portfolio of brands includes Durex, Mucinex, Scholl, Strepsils, Cillit Bang, Clearasil, Dettol, Harpic, Lysol, Mortein, Veet, Air Wick, Calgon, Vanish and Woolite.
Market Cap: £44Billion
Reckitt Benckiser has had an indifferent few months. So often it’s a mainstay of investors portfolios with its predictable growth and solid stream of income. In recent months the share price has been in consolidation mode and not really offered investors very much. In recent weeks a bullish channel has formed, and we are beginning to see investors return on spells of weakness. The latest move from the lower end of the channel could be the beginning of a fresh move higher towards resistance at 7175p
Stop: 5980p
Target 1: 6710p
Target 2: 7165p
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Vodafone - Rising at 5G speed.Buy Vodafone (VOD.L)
Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe. The Other Europe includes the Netherlands, Portugal, Greece, Hungary and Romania, among others. Its AMAP segment includes India, South Africa, Tanzania, Mozambique, Lesotho, Africa, Turkey, Australia, Egypt, Ghana, Kenya, and among others. The Company provides a range of services, including voice, messaging and data across mobile and fixed networks.
Market Cap: £43.13Billion
Vodafone has had a terrible couple of years as the share price has plummeted from 240p to lows of 122p. There are some encouraging signs appearing, which began with the break of the bearish channel and the formation of a rounded bottom on the daily chart. The break of resistance at 147.86p confirmed the bottom pattern and suggests further upside will be seen over the medium term. The first target is the measured move of the bottom pattern at 174p, beyond that we see the price reaching closer to 200p. In the very short term, the shares are trading in a neat channel, buying interest looks set to continue.
Stop: 151.95p
Target 1: 174p
Target 2: 190p
Target 3: 193p
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IAG - About to flyBuy IAG (IAG.L)
International Consolidated Airlines Group, S.A. is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations. The Company operates various aircraft fleet services, including Airbus A318, Airbus A319, Airbus A340-600, Boeing 787-800, Embraer E190 and Boeing 777-200, among others. The Company, through its subsidiaries, is engaged in providing airline marketing, airline operations, insurance, aircraft maintenance, storage and custody services, air freight operations and cargo transport services.
Market Cap: £9.25Billion
International Consolidated Airlines share price has been hit hard over recent months. Following the sharp move lower we are now beginning to see the shares consolidate and potentially forming a bottom pattern. A break above the resistance at 4878p would confirm the bottom pattern and offer upside potential towards 560p. In extension of that, there is an unfilled gap at 643p, which may act as a magnet for the price over the medium term. The risk/reward is favourable from here.
Stop: 432p
Target 1: 560p
Target 2: 605p
Target 3: 640p
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FTSE inverse head and shouldersDivergence on indicators, potential to trade the break of the neckline.
Today could the day of retracement after one of the worst sell offs we had in months.
Good Luck!
FTSE100 Short Trade *WEDGE PATTERN & TL BOUNCE*Price is rejecting the top TL of the wedge pattern that's forming on the FTSE100 index.
FTSE being propped up by a weak pound and brexit. If some progress is made and GBP gains some strength again then FTSE should begin to drop.
ONE FTSE AT A TIMEHead, shoulders, knees and toes, knees and toes.
Head, shoulders, knees and toes, knees and toes.
And eyes and ears and mouth and mouth and nose.
Head, shoulders, knees and toes, knees and toes, knees and toes.
March, march, march.
Let us all march.
March, march, march.
Get your body charge!
Head, shoulders, knees and toes, knees and toes.
Head, shoulders, knees and toes.
And eyes and ears and mouth and nose.
Head, shoulders, knees and toes, knees and toes.
Jump, jump, jump.
Let's all jump.
Jump, jump, jump.
Make your muscle pump!
Head, shoulders, knees and toes, knees and toes.
Head, shoulders, knees and toes, knees and toes.
And eyes and ears and ears and mouth and nose.
Head, shoulders, knees and toes, knees and toes.
Punch, punch, punch.
Let's all punch.
Punch, punch, punch.
Have a hurty munch.
FTSE updateWith US manufacturing data yesterday triggering recession fears, FTSE dropped along with other indices. Looks lkie wave i of wave C started. Now at 200SMA on 4 chart.
Once support is found, we could close shorts and buy the pullback on wave ii.
Good Luck!
FTSE - Limited upsideTrade Idea
Prices are extending higher from the bullish flag/pennant formation.
We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729.
Bespoke resistance is located at 7461.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 7460
Stop: 7495
Target 1: 7375
Target 2: 7300
UK Stock Index FTSE (Is the "Dead Cat Bounce" in a making?)View On UK Stock Index FTSE (9 Aug 2019)
Back Ground: A strong BEAR action is met with a strong reaction. Some people call it "Dear Cat Bounce".
Target(s): It can go UP to 7360/7400 as retest (or) you can wait at these regions for a possible SHORT.
SHTF: 7100/7170 region is good support.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
JD Sports Now Out Of ConsolidationLast post: See link below.
Review: Price was in a period of consolidation.
Update: Price is currently trading out of consolidation.
Conclusion: As long as price can remain out of the consolidation zone, we should see a continuation of the previous uptrend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
UK100 (FTSE 100) is in a second leg of a correction to hit 6710 The UK100 could have finished the flat correction and now it is heading south.
The wave C blue could drop to the 6710 where C=A.
FTSE - Forming a right shoulder?Trade Idea
Trading has been mixed and volatile.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 7374 from 7729 to 7020.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7375, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Sell at 7375
Stop: 7425
Target 1: 7235
Target 2: 7170
FTSE updateResistance zone worked to add another long on the break or pullback, whichever you chose. Now we see rapid rise in FTSE this morning, additional long position can be taken if we wait for the pullback. Good Luck!
FTSE updateThe break happened by the book and going well. Now at small resistance zone, a pullback here would be welcome as we could add another long at the low of the pullback. Going to small time frames to see catch that low. This is the start of the B wave.
End of summer today so many traders and investors will be closing trades. Expected high volatility at the end of London session and New York session.
Good Luck!
FTSE100 SELL/BEARISHi don't believe this hype happened this morning. there aren't any actual positive prospects. I believe the bears will come and take over again.
