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Potential Bullish Flag on Hiscox LTD?Last week saw some life injected into UK stocks particularly on NFP Friday. Hiscox LTD was one of those stocks which is now setting up for a potential long entry. We saw good moves from the very start of last week leading to price on Thursday breaking and closing above long term consolidation which dated back to November of last year. NFP Friday saw price break and close above the key level of 1500. Yesterday and so far today, price is retesting the 1500 level as support. We would like to see this support level hold strong, for price to bounce off this level and break and close above the high of yesterday, ideally in the form of a bull flag. This will suggest a trend continuation and offer a long entry into this bull move. Looking deeper: Monthly - Price is trading above the high of 2017 and has been trending very nicely for many years now. Weekly - Price is trading above the 200SMA and the 50SMA. Daily - Price is trading above the 200SMA and the 50SMA. We have a trend in progress and alignment across all 3 timeframes but we now need to apply patience for an optimal entry point and that is when price we get the breakout above Friday's high. The next key level that we would like to see price move towards is the major round number of 2000. Round numbers act as magnets that price gravitates towards when in a trend. Understanding this, as well as support and resistance in general, helps with letting winning trades run as well as knowing when and how to tighten stops. Patience for now on this UK stock and wait for the entry point to present itself. Sublime Trading
LSE:HSXLong
by Sublime_Trading
Kaz Mineral should go in the right direction if copper performsNews - · Gross Revenues double to $1,938 million (2016: $969 million) as the Group delivers production growth into stronger commodity markets - 2017 full year copper sales volumes of 256 kt (2016: 141 kt) - Revenues in income statement of $1,663 million (2016: $766 million), excluding $275 million of pre-commercial revenues · Gross EBITDA of $1,235 million (2016: $492 million) driven by low cost volume growth - Gross EBITDA margin of 64% (2016: 51%) - EBITDA of $1,038 million (2016: $351 million), excludes $197 million of pre-commercial earnings - Operating profit increased by over three times to $715 million (2016: $218 million) Analysis - if copper stays strong I don't think there is any reason Kaz will not retest the highs or even get to the 1000p mark
KLong
by RajDhall
Cobham progress stopped by general stocks weaknessCOB Cobham News · Revenue 6% higher, benefiting from favourable currency translation. Organic5 revenue growth of 1% · Underlying operating profit of £210.3m, slightly ahead of expectations · Progressing delivery on the onerous contracts provided for in 2016, including KC-46, although risks and challenges remain · Strong free cash flow generation as a result of management focus, later phasing of 2016 onerous contract cash flows, lower capital expenditure and £27m of advance customer receipts · More resilient Balance Sheet with year-end gearing ratio at 1.3x and US$545m revolving credit facilities refinanced for five years or over · Agreed divestment of AvComm and Wireless test and measurement for US$455m in cash; transaction will increase focus, reduce risk and further strengthen Balance Sheet · Unchanged expectations for 2018 before divestment and currency translation Analysis - I think if stocks return to their rally we could se a test of the top of this range near the 150p mark - but this is dependant on the bull market returning.
CLong
by RajDhall
FTSE volatilityTVC:UKX is looking to breach the Red Komo (cloud) on the Ichimoku. It hit the top resistance blue line and is now headed to the bottom support blue line around 7106. Could be a near term short play and the geo-political backdrop is reinforcing this (lots of bad Brexit news and retail sector suffering Toys R Us, Maplin have gone into administration and several companies including Foxtons have reported drops in profits). Medium term I'm expecting the volatility to continue in and around the range of the blue resistance and support lines.
TVC:UKXShort
by x18nas
READY THE BITCOIN BULLS. BTC about to break out? BTC USDI have been watching this all day across various time frames. I was expecting another low HOWEVER.. It appears that with the pending close of the current 4 hour candle we may finally be clear of the downtrend channel. On the daily the MACD has crossed and everything appears to be bullish - please correct me if I am wrong. Looking on the 15 minute chart we seem to be making higher higher and higher lows. Again positive stuff. I think the proof will be when the USA come online in about 3 hours (Im in the UK) so it appears the European bulls have laid the foundations ready for the next bull run. Please do not trade of this as it is just my thoughts. Kind regards Dash
BITFINEX:BTCUSDShort
by DashMorgan
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