LON:SFR | SFR | Weycome45

14th Jan '18 by weycome45

26 comments 6006 reads

Can someone explain to me the EPS growth percentages in green for SFR as i don't think they correlate with stockos figures ? Check them out for yourselves : the EPS only goes up slightly but stocko says it has increased by 60 % etc ???? I'm very confused ?

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About the Author

Weycome45

Premium Member

26 comments

vik2001

19th Jan '18

looks this could be breaking out soon. its forming a classic cup and handle chart which if it breaks above the handle at 85p will indicate further momentum. if it drops below the handle could be sign of a reversal.
heres a chart I quickly knocked up. its also moved past the 50mda

NAHL (LON:NAH) is another example of a cup and handle chart that broke out

Rusty2

19th Jan '18

Yes you could right. Not a chartist, would you say YouGov (LON:YOU) is also an example of that? Also Impax Asset Management (LON:IPX) ?

This is used by William O'Neil?

vik2001

19th Jan '18

I had a look at the charts, no obvious patterns are shown at the moment or seem to be forming. Both are showing strong momentum patterns with continuous ladder movement steps up over the last few months. Both well above the 50dma and macd levels are above 0.
Yougov shows a bull according to ichimoku charts.

However saying that Impax Asset Management (LON:IPX) is showing a weak bear pattern at this moment according to Ichimoku charts over the last week. this is not a strong bear (could be due to recent sell offs), you may want to keep a eye on the support and resistance levels. its current support is around the 172p mark. if it falls below this level that indicates to me a down trend. above this is fine and would be a hold.

Charts can always be interpreted wrong, and its the fundamental facts that count. above is just my opinion of the current charts.

Rusty2

19th Jan '18

Hi Vik, sorry I was talking about in the past, YouGov (LON:YOU) cup/handle was in July/August and Impax Asset Management (LON:IPX) was in December. I hold YouGov (LON:YOU) but not Impax Asset Management (LON:IPX). Advanced Medical Solutions (LON:AMS) is another, cup and handle formed in Sept/Oct then went up but has fallen back somewhat now.

I will keep an eye on Severfield (LON:SFR).

I did find this: http://stockcharts.com/school/...

vik2001

19th Jan '18

for yougov in July august that wasn't a cup and handle. the handle that formed is supposed to be short with a immediate uptrend when the handle is formed. instead the pattern declined after the cup formed for to long before its uptrend.
iPax was a cup n handle trend in December. note also the depth of the cup is important. as that normally defines the height of the uptrend that will follow if it breaks past the handle that is forming.

advanced med is not a cup n handle. as the base of the cup wasnt formed correctly. notice in the middle of that cup it jumps up instead of being a smoother U shape. also the cup didn't form correctly in October to meet at the same height it started with. so the pattern was all wrong.

also note cup n handles often work best when doing a short term trade

Rusty2

19th Jan '18

OK thanks. A few I have just seen that maybe forming are 4imprint (LON:FOUR), Ferrexpo (LON:FXPO), LPA (LON:LPA), WM Morrison Supermarkets (LON:MRW), Titon Holdings (LON:TON), £TOP.

Also Spectra Systems (LON:SPSY) maybe one to watch.

vik2001

19th Jan '18

Lpa was a good example. however the cup and handle formed and has broken out. as a momentum trader i only realy want to get in when handle breakout is about to occur. I'm keeping my eye on SFR hoping this will happen.

Rusty2

19th Jan '18

£ACSO?

vik2001

19th Jan '18

Lamprell was also a classic cup and handle. however I missed out on its breakout after discovering it to late

vik2001

19th Jan '18

possibly. though the craftsmanship of the cup looks a bit out of shape. I draw it up and check when I'm on a pc.

Rusty2

19th Jan '18

Not sure about Lamprell (LON:LAM), is the cup not still forming? Problem is you can see smaller cups within cups.

IQE (LON:IQE) could be one to watch if the cup forms.

vik2001

19th Jan '18

no Lamprell formed the perfect shape and the breakout occurred perfectly after the handle just formed. it all depends what timeframe you view the charts. I use a 6 to 12 month view. patterns are clearer this way for this type of chart

Rusty2

19th Jan '18

OK I was looking at 12 months. Yes the charts on the folio screen look difference from the Stockranks screen. But Lamprell (LON:LAM) has only gone up about 12%, is this what you are looking for?

vik2001

19th Jan '18

these are not long term trades for me. I slap it on a massive spreadbet so 10 to 15% is ok for me depending on the spread. also the cup n handle breakouts don't always tend to be for long periods. so i wouldnt want to hold the stock to long but that's variable.

my main holdings are in international funds. Europe asia and em. these trades are just supplement boosters to my holdings. I only hold a max of 5 uk stocks that I'm actually long on for the long term.

Rusty2

19th Jan '18

I see, I like to invest for a longer period if I can. Do you deal in European shares?

vik2001

19th Jan '18

I have a European fund for that. no individual euro shares.
just to share i hold the following:

Lindsell Train Global 12%
Schroder Global Recovery 10%
Smith and Williamson Far Eastern 15%
UBS Global EM 14%
Neptune European Opps 12%

no uk funds. I hold 5 uk stocks that I'm long.
and sometimes quick trade stocks that I look to make a quick return on. I do this as a part timer as I have a full time job in IT. hence why I hold funds because I don't have the time to commit in trading full time. plus I'm still learning lots.

I actually love holding the funds. I find they provide my portfolio with a strong core and give me a diverse holding globally away from the UK.

Rusty2

19th Jan '18

I see. Another possible one is H & T (LON:HAT). Also Amino Technologies (LON:AMO).

vik2001

19th Jan '18

yes both look like good candidates to keep eye on. h and t looks like it's on the handle stage which can take 1 to 4 weeks to form before break out or a decline.

I also use the chart report to look at 50day ma and macd levels above 0 as well as the volumes. I want the stock to have decent fundamentals also incase the breakout doesn't workout and I have to hold for longer hence getting stuck in the trade.

vik2001

26th Jan '18

ok back to Severfield (LON:SFR)
all indicators look good. seems like the handle is now forming (takes 1-4 weeks, so have till 15th feb as handle deadline). buy will be at 86p levels if it breaks handle.

DYOR - this is just to see if a cup and handle pattern occurs for this share.

jonno

27th Mar '18

Positive results from Billington Holdings Billington Holdings (LON:BILN) this morning, which should bode well for Severfield (LON:SFR). Looking at the dates of previous announcements, I would expect Severfield to provide a trading update shortly.

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Weycome45

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