Trade/Chart Ideas

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5th Dec '24 by Wolf of Small Street

1374 comments 39564 reads

Feel free to post any charts, trade ideas or market related comment.

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Wolf Of Small Street

Premium Member

1374 comments

Lochinver

Mon 7:48pm

SC120 may well be right though Rusty

Plenty of uk small caps on aim substantially up today on no news, apparently.

It would be absolutely scandalous if those, maybe like Warpaint London (LON:W7L) , are a reflection of insider trading before trading updates/ results/ whatever are announced.

But, sadly, not a great surprise. Those who do this clearly feel they can do it with impunity. Despite all the technology available nowadays making identification of the perpetrators presumably not that difficult.

Another reason to quit the market and seek something with a level playing field.

Rusty2

Mon 8:22pm

Let's hope Warpaint London (LON:W7L) does do the same as On Beach group (LON:OTB) did last May. That was up around 13% the day before then gave it all back on results day.

Revs8

Tue 6:40am

Could positive Jet2 (LON:JET2) update be what is needed to push through resistance at 1400p. Undervalued share imo. I hold.

Rusty2

Tue 7:21am

Already above 1500p, will they hold or fall back?

Revs8

Tue 7:40am

This breakout has a target of 1700p imo. Chart for last 4 years paints a picture of a very well formed base with a target over 2000p as called by several brokers.
The SP is trying (again) to move above the volume shelf.

Helvellyn

Tue 2:45pm

I am not sure there is much interest for Made Tech (LON:MTEC) on here but in case anyone is 'in' or following, here is a new, so far unRNS'ed, contract for Made Tech (LON:MTEC) £8m over 2 years would be c10% of annual turnover IF it is not already in their forecasts. I have doubled my position here on the strength of it.

Toweller

Tue 3:02pm

I think under a call-off agreement, the Dept have the option to use Made Tech (LON:MTEC) for services of up to £8m over the next 2 years? So, if that’s the case, the work still needs to be commissioned/agreed, so not guaranteed/ contracted. Maybe why no RNS

Joe Turner

Tue 3:52pm

Costain (LON:COST) threatening a breakout.

sevenccc

Tue 7:20pm

Some interest here previously in Gaming Realms (LON:GMR) . Bowl formed and nudging 40p again today. Do we believe it can finally breakout? Or is it approaching top of its range and time to sell?

Plinkut

Tue 9:57pm

Gaming Realms (LON:GMR) I'm hoping it can at least hold up here for a bit to firm into a more stable base - wondering if the buy backs have been helping with this most recent push so fingers crossed

Burnt Onions

Wed 5:22am

Costain (LON:COST) That is an interesting chart and they've had a few modest upgrades, would be nice to see some volume now but yes...maybe a good spot, cheers.

Helvellyn

Wed 7:23am

Gaming Realms (LON:GMR) FWIW I wouldnt buy until it broke above 42p, it has found this as considerable resistance for the last 12 months, having said that it has looked steadily stronger since it released FY24 numbers, no scheduled news now until a July TU so if it does move above 42 it will be purely down to supply/demand. It is easier to analyse a stock when you dont hold as there is no emotion involved. I would be a buyer over 42.

Helvellyn

Wed 7:34am

Marks and Spencer (LON:MKS) the Marks's chart looks very buyable, SP at a near 10year high, a recent double bottom, lots of momentum, MA's heading upwards . BUT I wouldnt be a buyer ATM, my local Foodhall basically had no stock yesterday, their POS stuff is obviously out, this must be costing them a fortune, at this high share price it is more a short than a long.

EDIT - I imagine that M&S will have insurance in place to cover the cyber attack, however no retailer wants their customers to go to a competitor just in case they find something they like, price-product-customer service, and most Marks's customer, especially food, will have to find an alternative for something and as Waitrose is trying to claw back the customers it has lost to M&S the situation is far from ideal.

TEIN

Wed 11:04am

Nightmare scenario for every big business Helvellyn, and a potential momentum stopper. The Marks and Spencer (LON:MKS) SP has held up quite well considering, but the question is to what extent trade is being damaged both now and in the immediate future, and to what extent customer and investor confidence eroded. Personally I still have alarm bells ringing for retail in general around the impact of the last budget, and other headwinds like equal pay, and in M&S's case they now have the cyber attack compounding matters. In the immediate term the company needs to overcome the problem and then surely has to provide an update to the market and make clear the cost to overcome, and sales and profit impact.

TEIN

Wed 4:28pm

Vanquis Banking (LON:VANQ) knocking on the door again. Rising lows:

TEIN

Wed 4:32pm

Double bottom forming? Beeks Financial Cloud (LON:BKS)

Revs8

Wed 6:11pm

Possibly. But you’ve also drawn a bear flag.

gmtrader

Wed 8:24pm

Speaking to my neighbour who works at one of the Marks and Spencer (LON:MKS) stores, they are giving away loads of the food to the staff and she is shocked at how badly the company is being affected by this online attack. She thinks the company will be loosing millions. I'm sure they will have some sort of insurance, but it never really covers the full loss.

JSchoffer

Wed 8:48pm

Lots to like about this one, less of a technical analysis trade but its popped up on one of my screens.
Foresight group (LON:FSG) an infrastructure and private equity investment manager

Bouncing off a long term support/low level of 330-350
Decent value: PE 8.4, PEG 0.3, P/FCF 11.1
High quality: ROCE 31.1%, net cash
Directors buying (£1.6m in feb at 400p by a director owning 28%)
Yields 6.1%

Struggling to find whats wrong with this but happy to make a small allocation, stop loss in probably at -10% around 333p - any thoughts on this? The only discussion I can find looks to be a mistaken trade by gmtrader!

TEIN

6:07am

Right brain drawing but left brain talking!

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Wolf Of Small Street

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