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SAVILLS UK HOUSING MARKET IS MAKING A MASSIVE RISING WEDGEHello Traders, Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over. Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory? Notice the bounce on the 24 year long trendline, I thought that was interesting anyway. Im bearish here based on the chart, but also realise price could break above the wedge. What are your thoughts?
LSE:SVS
by WickHunter
1
Rio Tinto: A Mid- to Long-Term InvestmentRio Tinto Rio Tinto is a British-Australian multinational mining and metals company headquartered in London, England. It is one of the world's largest mining companies, with operations in over 30 countries. Rio Tinto's primary products are iron ore, copper, aluminium, diamonds, and uranium. The company's market capitalization is approximately $100 billion. Rio Tinto is listed on the London Stock Exchange and the Australian Securities Exchange. Current and Future Projects Rio Tinto has a number of current and future projects in the pipeline. These include: The Gudai-Darri iron ore project in Australia, which is expected to be the world's largest iron ore mine when it comes into production in 2023. The Simandou iron ore project in Guinea, which is one of the world's largest undeveloped iron ore deposits. The Oyu Tolgoi copper-gold mine in Mongolia, which is one of the world's largest copper mines. The Jadar lithium project in Serbia, which is one of the world's largest undeveloped lithium deposits. Stock Rating Rio Tinto's stock is currently trading at around $80 per share. I believe that Rio Tinto's stock is a good buy for the mid- to long-term. The company has a strong track record of profitability and growth, and it is well-positioned to benefit from the growing demand for metals in the global economy. Risks There are a few risks to consider before buying Rio Tinto stock. These include: The cyclical nature of the mining industry. The political risks associated with the company's operations in some countries. The environmental risks associated with the mining industry. Conclusion Overall, I believe that Rio Tinto is a good investment for the mid- to long-term. The company has a strong track record, it is well-positioned to benefit from the growth of the global economy, and it is trading at a reasonable valuation. Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Buy Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
LSE:RIOLong
by TheTrade_Academ
2
BT.A - BT GROUP PLC - LONGThis is an analysis of BT GROUP PLC - a British telecom company, the following is strictly my own personal opinion and does not constitute financial advice. Key numbers: Dividend yield TTM - 6.47% P/B - 0.81 P/E - 5.56 (currently) Market cap 11 817 MGBP (11.8BGBP) Analyst estimates: Analyst estimate average for BT.A is 188.5 GBX which is equivalent to a 65.42% increase from todays price. Key information: CEO has been replaced with Telias ex-CEO Alison Kirkby, she claims to have the same vision for the company as previous CEO Phillip Jansen. Telia stock has been following a similar trend as BT.A, and as news was released today both shares dropped. However, analysts believe BT.A is overweight, and the consensus among analysts is that BT.A is a buy/strong buy. Technical analysis: BT.A made a bullish divergence on recent support level at 120GBX 11th of July, likely due to uncertainty around the next CEO of the company, the stock consolidated until today. As news came out regarding the change of CEO, shares dropped in price, dropping down to previous support on 110-112GBX - still within the lines of a bullish divergence. Strategy: I am currently in possession of BT.A shares with a GAV of 123GBX which I am looking to hold. The lowest sell side analyst target is at 100GBX, and if price continues to drop to support at 95-100GBX and the divergence between relative strength and price continues, I will be looking to increase my position in the stock as long as no unforeseen news arise. If the price holds above support on the 110GBX level I will not add to my position, and I will follow my original strategy to wait for price to get closer to AVG analyst estimate, or take profit around 160GBX at the stocks previous high. Taking profit at 160GBX will net roughly 34-35% gain when factoring in dividends paid out 13th of September. Should price drop below the 95-100GBX support level, I will re-evaluate my position and look to liquidate the shares if there is any indication that the fundamental situation of the company has changed for the worse, or if the bullish divergence becomes invalid.
LSE:BT.ALong
by DonBboy
MKS weekly time frame analysisMKS has created a higher low on the weekly time frame. It's a great confirmation of the uptrend after such a brutal long-term bear trend. Expecting 100 % move up on weekly so it will take some time but our target would be around 377 $. However it's not the best entry now as the stop loss would have to be placed below 90 $. So it's not a trading idea with a low risk and high reward setup. From another hand, if you believe in MKS bullish trend, it may be still a good investment for the next months .
LSE:MKSLong
by vf_investment
3
Fresnillo: Bearish Success 💪🐻The Fresnillo-bears can announce a first success: Finally, the share has arrived at the support at GBP 610! Next, our furry friends should push Fresnillo below this mark to gather further downward momentum. Then, the share should also pass the support at GBP 456.60 to develop wave C in turquoise. However, there still remains a 20% chance that Fresnillo could change direction and climb above the resistance at GBP 997. In that case, we would expect the share to place the new top of wave alt.B in turquoise in the turquoise zone between GBP 1086 and GBP 1292 before turning downward again.
LSE:FRES
by MarketIntel