Silver price break out but the miners are playing catch upIf silver is moving up, the largest producer of silver should benefit and its price is close to a key support level. So odds are its price plays catch up to the new price of silver.
WATR Major Support Line, High Volume and RSI DivergenceFirstly, does WATR possess a high quality balance sheet and growth prospects on a fundamental level? YES!!
The company has $23m cash and $21m of borrowings, with FCF increasing from $6m in 22 to an estimated $7.4m in 23 and $9m in 24, owing to a reduction in CAPEX. The only thing I don't like about the balance sheet is the high amount of intangible assets, but, these aren't set to increase and a high proportion is goodwill from acquisitions which will be amortised over time.
Net margin remains high at 17.6% and is forecasted to be maintained at this level, with revenue growing from $71m in 22 to $90m in 25.
In terms of technical analysis, WATR is hovering around a strong support uptrend on the weekly chart, against a positive divergence on the RSI. In 2021 the PE ratio sat at over 50, with this now down to sub-20, indicating that in the past investors were willing to pay 150% more than today's price. The orange lines dictate my price targets, however, I would be inclined to hold this as an investment for much longer.
Potential BUY !Details are on the chart to make it easier to follow the idea. This is not an advise to buy or sell the stock, sharing my knowledge. what are your thoughts?
Asc triangle moving up, with prior track record UK stockAsc triangle moving up, with prior track record UK stock
height of triangle gives target, long term chart, confirmation given by UK FTSE also moving up, also European indices eg MIB moving up.
Reliable steady stock
Enter using limit orders on any pull backs to top of triangle
Stop out if price re enters triangle
Target trailing stop, take 85% at target, which becomes the new stop
Look to build position using multiple limit orders for entry on market down days, add if the pattern pauses making smaller time period patterns
Have fun!
CMC Markets found substantial support at 100GBXCMC markets hit a 3-year low of 100GBX after news of lower revenue expectations but found huge support at the level with an immediate jump of 16% in 2 trading days. Fundamentally, CMC is trading at around 1X revenue. Given that CMC is a global, established, and profitable company, with consistent growth in its customer base. I think that the 100 GBX price was a bottom where reversal is taking place. I expect the price to reach 220-270 GBX at around the next dividend payment at the end of November-beginning of December.
Not financial advice. Do your own research.
Breakout After multiple attempts at failing to break the blue resistance line price has closed strongly above this level today.
The catalyst for this was the release of good results, check them out for yourself.
In addition to this they have just got approval from their Spanish business for $5 billion. Ker-ching.
They have also announced a £500 million share buyback program.
Also of note is that two of the Directors have recently bought large chunks of stock.
One bought £1.5 million worth the other over £0.5 million.
Dividend yield %10.
Winner, winner, chicken dinner !
BATS RSI Divergence, EMA targets and Support/Resistance Zones BATS is a company where its financial performance and robustness is not reflected by it's share price, mainly owing to investor sentiment towards the sector it sits within and the fear of ever changing regulation of its products. It is currently generating £8.5bn in free cash flow, more than enough to pay the annual dividend and please any accountant that the company's operations still produces high margin returns (although this is less obvious in the accounts due to the non-cash impairment of its assets).
From a technical stand point the chart depicts a favourable time to enter into BATS, with price currently consolidating at a weekly demand zone. Furthermore, there has been a clear divergence between price and the RSI which has been growing over the last year. The longer these build, the higher probability of a sharp reversal.
The crossing of the 20 and 50 EMA on the weekly chart has been a trustworthy indicators of changes in trend, with gap between these two MAs beginning to close.
I am expecting price to move sharply towards the 100EMA and short term supply zone at £26.80, resulting in the crossing of the 20/50 EMA, which will propel the price towards the first significant supply zone at £32. From here there will be a final push before the end of the year with the price testing the 5 year high.
All this will happen in an impulsive 5 wave pattern. If £22 is retested and fails to hold as support than the likelihood is for further declines. As an investor, stop losses should be set at £21.50 and profits should be taken at £36, representing a risk to reward of 7.4.
Disclaimer: I entered into a position here on 7th May 2024
FTSE's Pharma Surge: A Closer Look at Leading StocksThe FTSE 100’s recent surge has been led by the pharmaceutical sector, marking a 13.7% increase in just the last month. Let’s delve into the standout performers that are leading the rally.
AstraZeneca (AZN): +14.5% YTD
AstraZeneca’s share price jumped higher following the release of a market-beating set of results…
In the first quarter of 2024, AstraZeneca performed exceptionally well, surpassing analysts’ expectations with a 19% growth in revenue.
This impressive growth was primarily driven by increased sales of its cancer drugs. The pharma giant reported a revenue of $12.7 billion, significantly outperforming consensus estimates, which had projected $11.9 billion.
AstraZeneca also reiterated its guidance for the current year, expecting double-digit growth in both sales and earnings.
On the price chart, the shares have now moved into a key area of resistance which represent the April 2023 all-time highs. Momentum traders will be watching closely for a break and close above this resistance as it could trigger AstraZeneca’s next trend leg higher.
AZN Daily Candle Chart
Past performance is not a reliable indicator of future results
GlaxoSmithKline (GSK): +21.1% YTD
Like AstraZeneca, GSK's share price has been buoyed by a strong set of first-quarter results…
GSK’s recent trading statement showed improvements across various metrics, with revenue increasing by 10% to £7.4 billion and underlying operating profit rising by 27% to £2.4 billion, driven by robust growth in Vaccines and Speciality medicines.
GSK's momentum from last year has continued into 2024, driven by strong financial performance and supported by excellence in research & development, which resulted in four major product approvals last year.
Vaccines have emerged as a key growth driver, particularly with products like Shingrix and the recently approved RSV vaccine, Arexvy. The company's focus on HIV treatments and the shift towards long-acting innovation therapies has also contributed to growth in this segment.
On the price chart, GSK is showing strong upwards momentum with the shares breaking above swing resistance at the start of this month. However, the July 2022 cluster of swing highs should provide some resistance in the coming weeks.
GSK Daily Candle Chart
Past performance is not a reliable indicator of future results
Hikma Pharmaceuticals (HIK): +11.3% YTD
Relative to AstraZeneca and GSK, Hikma has been a laggard with prices chopping sideways within a long-term wedge pattern (see chart below).
That said, recent price action saw the shares print a large bullish reversal pattern following a market-beating trading statement…
Hikma reported a 30% increase in profit, reaching $367 million last year, with revenue hitting $2.875 billion, up by 14% from the previous year.
The core business saw operating profit up by 19%, mainly due to better profitability in both branded and generic segments. Generics experienced strong growth, with revenue up by 39% and core operating profit up by 86%. However, the company expects profits to be slightly lower in 2024 compared to last year.
We are starting to see sector laggards like Hikma picking up momentum as the front runners, AZN and GSK move towards resistance. This indicates that the FTSE’s Pharma rally may be entering into the final phases.
HIK Daily Candle Chart
Past performance is not a reliable indicator of future results
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GLENCORE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-23-2024
Strong downtrend with RED TrapZone established for days now. Price retraces with GREEN UMVD but the effect is not the same as RED UMVD - Obviously. Price is retracing a bit again with GREEN UMVD coming in now.
Classic Cup & Handle pattern formingGreat earnings, Trainline's earnings performance in 2024 is significantly better compared to 2019, with the company reporting strong growth in revenue, net income, and profitability metrics.
And current price is 40% lower than ATH of early 2020s, Huge upward potential.
Will Aston Martin return to its former glory ? LSE:AML
Aston Martin shares are down around 35% since the beginning of 2024. Shares continues to decline since august 2023 what´s around another 30% (65% from august 2023 till now). Aston Martin shares don´t look fresh even from wider perspective as you can see the historic chart.
Company itself has occurred in kind of transition since Lawrence Stroll became executive chairman in early 2020 with 16,7% stake in the company. Moreover he re-branded F1 team Racing Point as the Aston Martin F1 Team in 2021. He´s really into it.
Briefly about Aston Martin F1 Team 🏎️:
- Lawrence Stroll´s given his son every opportunity to become an F1 driver. He became a stable part of F1
- Stroll said Aston Martin sees its first victory in F1 this year
- building new Aston Martin factory
Company signed new CEO Adrian Hallmark as a part of transition. Former Chairman and CEO of Bentley Motors will replace Amedeo Felisa no later than 1st October 2024.
Aston Martin also announced the delivery of four new models in 2024 (Vantage, upgraded DBX707, V12 flagship sports car and more) which would power growth in the second half of the year and beyond.
All these news sounds good. ✔️ However the finances don´t look so great.
Aston Martin´s still BLEEDING. 💉
- widening losses in the first quarter due to stopped production of its core models ahead of a launch a new vehicles
- revenue fell 10% to 267.7£
- debt increased 20% to 1.04£
- wholesale volumes slumped by 35% in Americas, by 30% in the U.K., by 14% in Asia-Pacific and by 17% in the wider Europe, ME and Africa region
Will Aston Martin shine again ? Well, it seems that only time will tell us whether they´ll succeed
Fun fact:
Aston Martin officially opened new "Aston Martin Residences Miami", an ultra-luxury brand´s first real estate project.
You can read more about the project at official Aston Martin page.
Sources:
cnbc.com
astonmartin.com
A little patience is required.It still looks in great shape as it digests the recent 40%+ move. And the correction seems to be neatly contained in parallel lines, which is often a very positive sign.
As long as it stays above the 61.80% retracement level (£499), then I'm bullish.
When it finds a bottom, then more accurate targets for the other waves can be made.
AHT - 13 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Greggs 2508 supportGreggs is a well known brand, safe investment. I;d be happy for my money to be in Greggs for 20 years. I'll exploit the 2508 support and sell for 5% proffit
Burberry lowest its been for 4 yearsBurberry is an iconic brand, a household name and a famous luxury goods manufacturer. Selling at a 4 year low
Long scalp on undervalued DunelmDunelm is undervalued, so if this trade takes longer than some may be willing to wait that's fine. I've got as long as it takes. Ideally in and out in the next week 5%
Hargreaves Lansdown. Great share brokerI’ve been using Hargreaves as my broker for many years and can’t speak highly enough about them, place a deal online, job done. Helpful staff who answer the phone in seconds.
Share price performance not so good but looking like it’s recovering.
Forget all this technical analysis malarkey. Dividend yield %5.5. No brainier buy and hold for me
Darktrace. When will it be a FTSE 100 stock ?Cybersecurity company Darktrace has had a fantastic run recently.
The company have recently raised profit forecasts and a number of brokers have raised the price target for the share price, one analyst is forecasting £8.00 from memory.
Looking at the current market cap, Darktrace is 3.21B. Compare this to Ocado, who are at present in the FTSE 100 .Their market cap currently stands at 2.853B.
If Darktrace became a FTSE constituent then tracker funds would need to buy in.
Excellent technical analysis by previous posts. What do you guys think now ?
Will it bounce ?Ocado Group has been a terrible stock to hold as any long term investor knows only too well.
Price is currently £3.50, back to the level last seen June 2023. As can be seen on the chart the price rallied strongly from this point.
The 4hr candle chart has just posted a bullish engulfing pattern, it must be noted the ftse is currently up 60 points and change. Ocado currently up 2%.
The Trading View standard rsi divergence indicator has also given a buy signal.
May be worth a nibble ?
Revolution Beauty. Great turnaround story ?On 27th March Revolution Beauty released improved guidance of FY Adjusted core profit of at least £12.5 Mln compared to previous guidance of between £11m and 12m.
The company has endured a turbulent history, new management look like they are turning things around.
Results are out on 1st May
Top 20 Tips for 2021Please find a portfolio of 20 shares that I have assembled that I believe can perform very well. Please also note that this is the first time I am doing this portfolio on trading view and it is currently a prototype. The companies are listed in no particular order.
1. Hollywood bowl
2. Atalaya mining
3. ASOS
4. AMD
5. Royal Dutch Shell B
6. Ferrexpo
7. Hunting
8. Whitbread
9. Crystal Amber
10. Savannah resources
11. Centamin
12. Barclays
13. Aviva
14. Just group
15. Standard chartered
16. Anglo American
17. Ten entertainment
18. Avon protection
19. Redrow
20. Impact healthcare REIT
Please note: The prices will be published at the end of the trading session
Investment Opportunity BPI share this analysis because it's really interesting how the price moved.
We can see a Vertical Accumulation of orders.:
SC
ST
STB
ST
SPRING
in a long periode, due to this, we can really expect the price to have a bullish move upside, potentially not now but for me it's worth taking a trade even if the zone is not optimized.
