The S&P500 has reached new highs again, hitting 2989 as I type, after breaking out of a period of consolidation. It’s likely to run on to tackle the 3000 milestone level shortly, where the chart...
Market Flashes
A look at gold’s price action: while the media yells bullishly, the banks sit short (GOLD, $GC_F)
Gold has had a tearing run over the past few weeks, finally breaking out above the $1,365 area which has been firm resistance since 2016. The spot price topped out at $1,440 on Tuesday before a...
Sound Energy – trading below the placing price, worth a speculative punt? (SOU)
Sound Energy (LSE:SOU) can be bought at 9.6p in decent volume. After the firm announced a $3m placing at 10p yesterday it looks like placement participants are now flipping the stock. The volume is...
Immotion to launch arena offering for leading VR title ‘Raw Data’ (IMMO)
Immotion (LSE:IMMO) enjoyed a 4.6pc lift to 11.1p on Friday after announcing that it will launch a themed virtual reality (VR) arena on the back of an exclusive content deal signed with a studio...
Brent crude oil bounces – start of a sustained recovery? (OIL, $CL_F)
The oil price has been smashed down once again. Brent crude, which was sitting at recent highs of $75 a barrel less than 6 weeks ago, tumbled below $60 this week. At the time of writing its bounced...
The AA share price continues to breakdown – what will it take to rescue the firm? (AA)
With such a deep share price decline over the past few years, well-known British brand, The AA (LSE:AA) has no doubt appeared on the radar of many value-seeking investors. Sadly, for long-term...
Head and Shoulders pattern on S&P 500 doesn’t bode well – Is recent history about to repeat itself? (SPX, SPY)
Global markets took a tumble yesterday with the S&P 500 dipping 1.2pc, and the Dow Jones losing 1.1pc. In addition to the Dow potentially having triple topped, a worrying signal has formed on...
Echo Energy’s price recovers as firm drastically reduces cash requirements – where to now ahead of Q4 drilling? (ECHO)
The stock has put in a 'Double Bottom' and looks set to climb ahead of Q4 drilling I highlighted Echo Energy (LSE:ECHO) as a potential buy last month at 2.85p. Since then the share price has...
Could Hummingbird prove to be both a recovery and gold price play in H2? (HUM)
The share price of Hummingbird Resources (LSE:HUM) has taken a considerable hammering for much of this year after the company’s production was hit by operational woes in 2018. In fact, the stock has...
Horizonte Minerals dips on Q1 results but support looks good – Share price recovery ahead? (HZM)
Horizonte Minerals (LSE:HZM) was down in early trading on Thursday, touching 1.8p after releasing its quarterly results for Q1 2019. The update is in line with expectations so there appears to be...
Jangada Mines mired in the AIM vortex, can it break free? (JAN)
Jangada Mines (LSE:JAN) has been a very frustrating company to invest in. It has two exciting metal projects in the north east of Brazil; the Pedra Branca platinum group metals (PGM) and nickel...
Silver breaks below Falling Wedge – fakeout or lower lows to come? $SILVER
There was a sharp pullback in silver during the past hour, with the price breaking below a well established Falling Wedge pattern. The Falling Wedge is usually a bullish pattern, with price action...
Shockingly expensive death spiral for Valirx, dump this toxic stock while you can (VAL)
Friday’s announcement from Valirx (LSE:VAL), which saw it reveal that it has entered into a shockingly expensive death spiral with European High Growth Opportunities (EHGO), is downright...
Wandisco looks very pricey at 588p (WAND)
Yesterday saw Wandisco (LSE:WAND), the LiveData company, announce its preliminary results for the year ended 31 December 2018. The headline figures weren’t that impressive, with year on year...
Does the beaten down Echo Energy share price offer a value entry? (ECHO)
The Echo Energy (LSE:ECHO) share price has had a shocking downward run in recent months. Looking at the stock today - now just 2.85p - it’s hard to believe Echo was hitting highs of almost 20p less...