Trade/Chart Ideas

-->

5th Dec '24 by Wolf of Small Street

1710 comments 50434 reads

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

No need to get too serious its only money!

"Avoiding stupidity is easier than seeking brilliance"

Unlock with Email

Unlock with Google

Already have an account?
Login here

About the Author

Wolf Of Small Street

Premium Member

1710 comments

Helvellyn

Thu 12:44pm

RWS Holdings (LON:RWS) FWIW the big gap down was a reaction to their 24/4 trading update for HY03/25 the full figures for which are due to be released on 17/6 so you may want to wait to see how the market takes these? Or you may want to take a risk that their outlook statement in the results will produce a SP bounce! One immediate risk I see is that since they gave that TU the £ has strengthened even more against the $ which will reduce their PBT. Hope this helps.

Mhar91

Thu 2:45pm

Appreciate your comment helvellyn! I did see they had a significant profit warning which caused the drop, however not done any further research as yet. Didn’t realise the had an Update next week. Think I’ll wait on the side lines on this one and see what happens next week, one to watch for now…

Helvellyn

Thu 3:26pm

Journeo (LON:JNEO) another one I rejected, I had made good money from these breaking through 200p I sold when they rejected 300p around a year ago and didnt think that the latest break of that line would hold, I suppose I didnt take in to account the risk on market, probably fairly priced now unless they win more work.

Paul Walton

Thu 3:59pm

Supreme (LON:SUP) curving up for another crack at 210p with some decent volume

rmillaree

Thu 4:16pm

Journeo (LON:JNEO)

I bought in on fundamentals not the chart. There is probably always going to be bear/bull case here - but they seem to be reasonably conservative and ticking along nicely with some decent contract being signed - that might allow for upgrading of expectations at some stage - if that happens in hindsight it would have been obviously good value at around 300p. for now though i am happy to presume they will simply deliver - if we lok at stock p/e thats only 12.7 - that seems pretty good value if this company can continue to grow sales and profits. Ok 2025 at present doesnt really show any growth in net profit but with lumpy sales it was always going to be the case that it wouldnt be straight upward trajectory here. Main thing ius they seem to have lots of opportunities all over the world not bad for 56k mill market cap company. Often if i make a decent profit(45%) i will sell out and move on but this looks like it is still decentlky valued despite the increase in price since last summer.

Revs8

Thu 6:11pm

Synthomer (LON:SYNT) tested the resistance from above today. Holding so far! Hourly indicators turning up. All adds to the confidence levels. Stop loss if the SP closes below the rising support line.

Revs8

Thu 7:13pm

International Personal Finance (LON:IPF) was looking toppy and may still drop further. However today was a retest of the support below. Bounced of the volume shelf. If the support holds then this is a good move as it takes the heat out of the SP and the RSI. I hold.

Revs8

Thu 7:17pm

I've recently been reminding myself of the importance of gaps and retests when trying to time buying and setting targets. Kingfisher (LON:KGF) looks like its found strong support at a gap below (from 28th April) (filled the gap then bounced). It also looks like a retest of a strong support (the gap). Is it a good entry point?

Revs8

Thu 7:28pm

Very bullish candle from PayPoint (LON:PAY) today. Loads of good subscriber comments on the daily report but strangely nothing from the team. Maybe a backlog report later? I hold.

Helvellyn

Fri 1:29pm

Some great input there Revs8. Thanks. I would be interested to know how much if any fundamental analysis do you do in addition to your technical/charting stuff on each opportunity you find. Personally I try to combine the two and my work starts looking at company charts, excluding some sectors depending where I think we are in the economical cycle and then if a chart catches my eye I will do some fundamental analysis before going any further.

Re today's falls, I do try to ignore these big geopolitical events , although each one probably has to be weighed up on it's own merit. These are days when I am more likely to buy new positions or add to my strongest convictions. In my stock universe apart from the predictable moves in Oil and Travel sectors there has been a general 1-3% mark down across the market, so no real opportunities that I could see. However I have typed this pre the US market open!!

Revs8

Fri 3:29pm

Hi Helvellyn.

I have a long watch-list based on Stockopedia metrics and analysis from the "experts" and others. I then look at the charts to try to spot opportunity and when to take profit.

I do believe that the charts are the sum of all knowledge and sentiment towards a stock. Even including insider knowledge. Unfortunately its difficult to decipher and only obvious with hindsight!

I've made some terrible decisions based on geopolitical events that I thought would affect a share (but didn't) so like you I try to ignore.

Japanese Candlestick Charting Techniques by Steve Nison was a revelation to me. I also often refer back to Elliott Waves made Simple by Steve Sinclair. Combining the 2 books gives a great insight into the emotions/sentiment of the market (unfortunately its never simple and there are usually at least 2 ways to forward project the charts).

Paul Walton

Sat 1:21pm

Baltic Classifieds (LON:BCG) does have some good growth stats and has formed a cup and handle with decent volume in the handle

Paul Walton

Sat 1:56pm

Kier (LON:KIE) making 52 week highs and touching a gap down from 220p in 2019

Paul Walton

Sat 2:15pm

The Phoenix

Sat 4:14pm

Afternoon all hope you are all enjoying the weekend weather, could someone refresh my memory as to what the dual moving average system was (and how it works) that Wolf flagged before he left.

Regards

Andy

Jon F

Sat 5:23pm

Metro Bank Holdings (LON:MTRO)

Another potential bid, curtesy of Sky News

https://www.stockopedia.com/sh...

I hold, Monday morning pop?

Jon

wattanut

8:01am

If it's the one I am think of, it was basically a system to tell you whether you should be in or out of an index. It uses the 10 & 20 EMA on a weekly chart.

Currently you would still be out of the S&P 500.

I think the he may have got the idea from the Financial Wisdom YouTube channel

TEIN

10:23am

At last Paul, you've written a post even I can understand ;o)

TEIN

11:30am

Well it didn't (go through a £) at first attempt Hevellyn, and pretty negative candles since Vanquis Banking (LON:VANQ) banged it's head on the ceiling, quite a pull back the last couple of days:

TEIN

11:39am

Wise (LON:WISE) announcement of a US listing has gone down well. Will the 50 DMA offer support?

Unlock the metrics for all these stocks and more...

Take a free trial

Facebook Twitter Youtube Instagram RSS

This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.

Unlock the metrics for all these stocks and more...

Take a free trial

Trade/Chart Ideas

Unlock the rest of this article with a 14 day trial

About the Author

Wolf Of Small Street

1710 comments

Unlock the metrics for all these stocks and more...

Unlock the metrics for all these stocks and more...