Long term downtrend but fantastic risk/reward if it can make a recovery.
Counter trend play, very contrarian, extremely risky.
Reasons to be bullish -
Big weekly candles backed with volume
RSI divergence
Make sure to do your homework on the company before buying.
Price looks bullish -
Big green weekly candle backed up with good volume
Has broken past many SR lines
50 day MA and moved above 200 day MA
Should test 80-82p area, if breaks past here should test 88p.
Please do your own research before buying.
On a fundamental level this share looks great value at current valuation.
From a technical perspective if it makes a bullish bar at current levels and then breaks past 352 area it should push up to 410 area, where it would complete a bearish bat pattern and could face some selling pressure. This would be a nice risk to reward as well.
On the downside if the...
If the share breaks past the 30 mark it could go to 33-34 area before facing some selling pressure.
On the downside if its breaks below the 200 day MA and the 24 area it could go to 21 area where it should find some support.
This is not a recommendation to buy, sell or hold this share. It is just an overview of the technicals. Do your own research before making...
The price has been in consolidation between 5.20-6.50 area. However their is a nice divergence on the RSI.
There is also a nice bullish pin bar on the weekly chart.
If this price can push through the 6.50 area it could then push up to the 7.20.
We are bullish on the stock. There is a nice risk to reward too.
This is not a recommendation to buy or sell the...
If it pushes past 12.70 area it could push up to 14.30 area.
Please note this is not a recommendation to buy, hold or sell this stock. It is only a technical overview. Please do your own research before making any trade or investment decision.
On a fundamental level this share looks great value at current valuation.
From a technical perspective if it breaks past 236 area it should push up to 250 area again.
On the downside it could fall back to the 200 level.
As the price has pushed higher the relative strength has not.
We remain neutral on this share at the moment.
Please note this is not a...
Possible long if the price moves above 200 mark and above the 200 day moving average too.
It could then test the 220 area. It it breaks past this is could test 260 area.
Still need to see higher highs and lower lows on the daily chart to generate a bullish bias.
For a good risk/reward once it breaks past 200 you would have to hold until 260 area.
To the...
Nichols PLC Share Price Analysis - Possible Long
Reasons to be bullish -
Broken out of trending channel
Pushed above the 200 day moving average
Higher highs lower lows
RSI bullish
What next -
Upside -
Could potential test the 16.50 area again. Will face some resistance here as there was a big weekly sell off last time the price was here.
If it breaks...
Another interesting UK small cap to keep an eye on, for a possible long.
This is a counter trend trade, however we think the shares are now undervalued on a fundamental basis.
Technical -
Bullish candle on weekly chart.
RSI in over sold territory but now starting to turn upward.
Great risk to reward of 1/3 before it would be facing resistance from the last big sell off.
Could be an interesting share to watch, and a possible long. Counter trend trade.
Coming into a long term support area
Double bottom
Bullish candle on the daily chart
Divergence on the RSI for the daily chart
Great risk to reward of 1/4 before it would be some resistance and last big sell off.
Would wait for a second bullish candle and a rise up on the RSI.
