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Fresnillo: Getting Down for Business 👇Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the turquoise zone between GBP 1085.80 and GBP 1292.80 to develop a new high in the form of wave alt.B in turquoise before moving southwards again.
LSE:FRES
by MarketIntel
Breakout for a 2,200%-plus return?This is Carclo, an industrial share listed on the London Stock Exchange’s Alternative Investment Market. It looks like it is breaking out from a 68-month decline that, if the past is any guide, could return huge multiples on any investment at this stage. Some of this company’s subsidiaries have been trading almost 100 years, but this century it has been a hugely volatile share. It began with the general market decline after the dotcom bubble at the turn of the millennium. A major slide in price was triggered in June 2000, bringing it down almost 90% from peak to trough across 33 months. It took 26 months for the share to rebound to the 50% Fib (this share loves a Fibonacci level) and, after hitting resistance there, retraced to the .382 Fib where it bobbled along for the best part of a year. By August 2007 it had risen 650% from the bottom. But then came a double top and another major decline, hitting resistance at the 50% Fib in September 2008 and setting eight months’ worth of relative equal highs from there. (A very nice trading range, that.) Price reversed again at the .236 Fib and this was where the fun started. Across the next four years, Carclo rose 1,000%, trough to peak. Since that January 2013 peak, another double top almost 10 years ago to the day, Carclo has been in seemingly terminal decline. There can’t be many bulls left to sell and you get the sense capitulation is around the corner. Although there was a slight recovery in price from November 2014 to June 2017 (31 months), it met resistance at the .236 Fib and rolled over again. The peak-to-trough decline, at the nadir of the Covid lockdowns in 2020, was 99.19%. But this is no junk share. It has had its problems with its pension liabilities and with debt but it has arranged new banking facilities with its lenders that give it good headroom. Net assets are almost £30m against a market cap of <£10m. But the key thing is how *every single time* this share has opened on the monthly above the trendline after a multi-month decline, it has sparked a tremendous rally in price over the medium term. It opened above again yesterday. I’m eyeing as my first TP the 50% Fib on the most recent decline, where there are five months of relative equal highs to mitigate. From there, a return to the .618 Fib on the broader, 67-month downtrend would also draw price to the monthly swing low and ICT fair-value gap from June 2013, which also remains unmitigated. And if you believe in cups and handles and head-and-shoulders patterns, there’s every reason to believe a C&H and inverse H&S could form very soon. Hitting the .618 Fib at 317p would constitute a near 2,200% return for anyone investing today. Better still, given the current zeitgeist of war and ageing populations, Carclo’s specialisms (e.g. heavy-duty cabling for the aviation industry and technical plastics for the medical sector) could create a new era of enormous value for the business. Who’s to say it wouldn’t rocket beyond old support-and-resistance levels to make new ATHs? After all, this share has made big, big moves before. BUT DYOR. GLA.
LSE:CARLong
by Bottle_Rocket
Pantheon Resources (PANR) LongPantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. CONS: - Earnings have declined by 16.3% per year over past 5 years. - Highly volatile share price over the past 3 months. - Makes less than USD$1m in revenue ($0). - Shareholders have been diluted in the past year. PROS: - Whilst currently unprofitable, they have been profitable on average for the past 5 years. - Debt level is low and not considered a risk. - They do not pay a dividend. - At least 3 years of financial data is available. - High market cap (£370M). - PANR does not have negative shareholders equity.. - No concerning events have been detected.
LSE:PANRLong
by danigarciarey
The 1. Chapter of Darktrace - 2 Long scenariosTwo scenarios where i plan to go long: Fundamentals: Darktrace provides mostly solutions for cyber security and could profit from the current atmosphere (Ukraine etc.) Scenario 1 (Blue arrow) Target: Next resistance level (upper red rectangle) Requirments: - retake of first resistance level (lower red rectangle) - generating higher highs on the 1 hour chart after retake Invalidation: - Fall under first resistance level (lower red rectangle) after retake AND generating lower low swings on the 1 hour chart Scenario 2 (Orange arrow) Target: Next resistance level (line level 1) Requirments: - Retest of former s/r level (line level 2) Invalidation: Added to long term hold stocks if it should fall deeper Good luck
DLong
by a_tale_of_bulls_and_bears