MERCHANT HOUSE GROUP MHG Chart and Big Winners Today

17th Feb '11 by flyingswan

8 comments 9569 reads

Merchant House Group - MHG - Chart: Merchant House (LON:MHG)

Looks like a Golden Cross is about to form on the MHG Chart, The Price is trading above the 20 day moving average and the 50 day moving average will soon pass through the 200 day moving average in the coming week.

The MACD and RSI are also giving BUY signal.

Resent Volumes of shares traded is above average.

The Parabolic SAR is in an Up-Trend.

The Share is also showing in the AIM All Shares Big Winners Today so getting lots of attention. IMHO

Top Risers
Price Change
SKHG 14.50p +81.3%
RCG 24.00p +20.0%
MHG 0.19p +15.6%
MBO 6.88p +14.6%
EFD 0.58p +9.5%
VIY 4.38p +9.4%
MONI 28.00p +8.7%
FFA 10.13p +8.0%
CNR 6.25p +6.4%
CLF 126.00p +5.9%

http://www.digitallook.com/security.cgi?csi=52744

Merchant House (LON:MHG)

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flyingswan

17th Feb '11

HorneBlower on #ADVFN $HB http://t.co/2fBkEkn
Has done this chart on Merchant House (LON:MHG)

Merchant House (LON:MHG)

18th Feb '11

Merchant House (LON:MHG) 100% Short Term BUY says the Composite Indicator:

Composite Indicator
Trend Spotter TM Hold

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy

Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 5362472

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 9592340

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 5851193

Overall Average: 80% - Buy

Price Support Pivot Point Resistance

0.1950 0.1470 0.1840 0.2210

Note the 0.2210 resistance level for MHG. IMHO

http://www.insidestocks.com/texpert.asp?sym=MHG.LS

20th Feb '11

Also don't forget this chart from HorneBlower MHG needs to close above 0.20p for a breakout:

Closed Friday at 0.19p so not too far to go. Then it is up to the top line which is about 0.70p. IMHO

BUY CONFIRMED for MHG
0.1900 +0.0100 +5.56%

Candlestick Analysis
Today’s Candlestick Patterns:
Short White Candlestick

Today a Short White Candlestick was formed. This represents relatively weak buying pressure with little price movement.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=MHG&MarketTicker=Financials&TYP=S

Merchant House Group PLC
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 24.01.2011 (25) days ago, when the stock price was 0.1900. Since then MHG has gained 0.00% .

BUY-IF is confirmed by a white candlestick with an equal open and a higher close. The buying price is taken as the previous close ( 0.1800 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.

We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

Merchant House (LON:MHG)

24th Feb '11

70 ex-Clarkson Hill advisers to gain FSA re-authorisation
by Alex Steger on Feb 24, 2011 at 10:39

Around 70 former Clarkson Hill advisers are set to receive reauthorisation from the Financial Services Authority (FSA) and join Merchant House Financial Services....

http://citywire.co.uk/new-model-adviser/70-ex-clarkson-hill-advisers-to-gain-fsa-reauthorisation/a473924

Merchant House (LON:MHG)

Fingers xxd Chart on Merchant House MHG #ADVFN $£1 http://t.co/r81lDnI

MHG is in 3rd Place in todays AIM share Big Winners:

Top Risers
Price Change
BVM 5.13p +32.3%
SRES 4.35p +22.5%
MHG 0.21p +21.7%
FAN 26.00p +15.6%
ARC 0.20p +11.4%
PRG 37.00p +10.4%
KIBO 4.13p +10.0%
VSA 0.65p +9.2%
OPM 0.14p +8.0%
DCP 13.75p +7.8%
http://www.digitallook.com/security.cgi?csi=52744

After RNS:

“The Company announces that it anticipates that publication of its annual report and accounts for the year ended 31 December 2010 will be earlier than prior years.

Subject to audit adjustments, the board anticipates that results in 2010 will show an improvement compared with 2009. The board is pleased with current trading, which is in line with its expectations. Furthermore, the board is reviewing a number of new business opportunities.”

http://www.investegate.co.uk/Article.aspx?id=201102241351208146B

Merchant House (LON:MHG)

Nice to see the share price above the 50 and 200 day moving average, a very BULLISH sign. We should get the Golden Cross about Wednesday Next Week:

A Golden Cross is where the 50 Day Moving Average move above the 200 Day Moving Average. IMHO

Merchant House (LON:MHG)

8th Mar '11

The Only Way Is Up for Merchant House (LON:MHG) :
http://www.youtube.com/watch?v=PeyOnNple4M

We are just waiting for news IMHO any one else got any views on Merchant House (LON:MHG) ?

MERCHANT HOUSE GROUP MHG Chart and Big Winners Today

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Flyingswan

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