Investamate

Investamate

BUY – VODAFONE (VOD) 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. Fundamentals Vodafone’s share price has drifted sideways to lower for the past few years, but all of a sudden, the price has risen almost 25% in 3 months. This follows the...

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Been watching this lately as it has been appearing in my scans. The trading volume appears to have been quite consistent in recent weeks and trend of higher lows is encouraging. The close above the 10 EMA is a cue to buy and target the resistance above. Target: 2.55p Stop: 1.644p

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Technical Howden Joinery looks interesting on a technical basis. The shares shot higher to new highs following a bullish update to the market. We have since seen the share price unwind to some sensible levels as the overall market continues in this condolidaiton phase. The shares have reached a confluence of Fibonacci support levels, which I have highlighted on...

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Technical Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected...

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SELL - TAYLOR WIMPEY (TW.) Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it has operations in Spain. Fundamentals Brexit uncertainties continue to undermine the performance of certain UK housebuilders. The ongoing political threat is sending shares in Taylor Wimpey...

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SELL – GLAXOSMITHKLINE (GSK) GlaxoSmithKline PLC is a global healthcare company. The Company operates through two segments: Pharmaceuticals and Vaccines. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases. Fundamentals...

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SELL – BP (BP.) BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. Fundamentals BP’s second quarter earnings came in flat as increased production offset lower oil prices....

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SELL – ANGLO AMERICAN (AAL) Anglo American PLC is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals, and bulk commodities. Fundamentals Anglo American recently delivered an impressive set of half-year results, yet the share price has fallen significantly in...

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Technical Analysis Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term. Fundamentals...

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LSE:DOTD dotdigital Group plc is a leading provider of email marketing and omnichannel SaaS technology to empower digital marketing professionals. Our marketing automation platform is used by over 70,000 marketers in 156 countries worldwide, empowering global marketers to achieve outstanding results with superior tools and services. The shares have completed a...

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LSE:BIDS Bidstack bridges the gap between gamers, game developers, and advertisers by enhancing the gaming experience with rich, real-world advertising. The shares have risen impressively over the past couple of years and following a period of consolidation that trend looks set to continue. We have seen the shares break higher from an ending wedge formation...

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Centrica continues to trade in a long term down trend. The latest failure at overcoming trend resistance should set the shares up for another test of the recent lows. We are sellers today targeting a move towards 188p, with a stop at 210p

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Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months. This rejection is likely to trigger a move to the lower end of the channel at 332p. 332p is a huge support level that has...

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Royal Mail Group (RMG) has rallied into multiple resistance levels and appears to be rolling over to the downside. LSE:RMG The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern. With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell. Our trade today is to...

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Admiral is looking pretty sick while the overall market hits new all time highs. The shares have failed at trend resistance and also the neckline resistance of the top pattern. The shares are making new lows on a relative basis and look set to continue lower in the near term. The shares will be particularly vulnerable should the FTSE100 undergo a correction....

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We are on the hunt for short ideas as we expect to see some form of pullback in equities in the short term. Sage Group is in a long term downtrend and has underperformed the benchmark index over the past 1-3 months on a relative basis. The shares have rallied into downtrend resistance as well as a combination of the 50 & 200 day moving average. There was also a...

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We like GKN over the medium term and hoped to see the shares break to new highs. This is looking increasingly unlikely in the short term as the shares stall at resistance. The bearish divergence on the RSI and the relative ratio is a concern. If the shares close at this level or lower (329p) then we will also have a nasty looking bearish engulfing candle. Maybe a...

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Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6%...