Recovery Shares..Possible Chart Break Through...

Riz

Experienced member
1,266 5
As the major indices are nearly completing their bottom basing process, possible recovery shares become more attractive...especially those who have based their bottoms or just about...apart from possible news flow, charts might also help us to determine them...

Tx was working on a useful thread in this regard, we haven't heard from him for a while...I hope he is still around and will soon carry on with the good work he started a while ago...

In the mean time I'd like to pick those starting positive news flow and forming promising charts...I am sure if we all contribute and discuss about them, we might find some nice trading opportunities...

Riz
 

Riz

Experienced member
1,266 5
My first entry is Traffic Master (TFC)...

Current price: 319.75

Last positive news:
Commerzbank Securities has started coverage of traffic information provider Trafficmaster with a 'buy' recommendation and a target price of 400p. It credited the firm's strong product pipeline and numerous contracts with car and hardware makers.

Chart suggesting 360-370 possible in the short run if recovery process carries on...

Riz
 

ChartMan

Legendary member
5,580 46
It never ceases to amaze me the number of times I see a huge volume spike right on the bottom......whos' the smart buyers here ....Short covering, or smart "in the know" buyers who have been tipped the wink by the mm's " it's not going any lower lads, pile in!"
 

RogerM

Established member
752 6
Here's my two penn'orth. Inchcape has just made a 2 year high, and technically, having broken out should at least fill the gap to 512 as shown on the weekly chart. There was significant director buying on 12th April by the ceo and fd at 390 (now 466). Whilst the import of vehicles is not a business that immediately springs to mind as a "goer" in the current market, there is an undemanding prospective rating of just 6.81 and a d/y of 5.85% which is covered 2.47 times. Margins are tiny, but always have been, and traded on a rating of 10 to 15 a few years back. Possibly one to watch - I bought in on Thursaday at 445.
 

Attachments

AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock