Ftse250
FTSE 250 vs Silver (VMID / SSLN)Here we see a great trading pair, the Vanguard FTSE 250 (VMID) which is very steeply discounted, and the IShares Silver ETF (SSLN).
The only other time VMID was this cheap relative to SSLN was the 2020 crash.
I've sold my Silver on this spike, and am tentatively buying VMID.
I'm aware another Black Swan event and recession may be upon us soon, so I'm keeping a lot of cash on the side.
Should we see no support in the next few days, I'll sell VMID and buy back into SSLN. Silver could easily hit 30usd or more.
Currently Silver is very strong, but massively overbought and is due a correction, but this is a gamble as we see no sign of reversal yet.
VMID Weekly - Last line of support Continues to look poorly following my analysis a month ago (I sold all my holdings then). It is currently sitting on support and needs to bounce here otherwise I fear it will go a lot lower. (my hope so I can buy back in)
70p / 80p mid-long term - £142m cash / £142m mcapA risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash
I believe a lot of the turmoil is already priced in ahead of results.
Mcap is at £142m which means their business is valued at cash level.
Very undervalued considering their cash level & staff coming back to work. This business should be worth at least 60-70p I believe based on their previous numbers. Nethertheless a slight risk at present period due to covid 19 but mid- long term this company should recover well as sales move back up.
I will start scaling out around 40-50p to protect profits but will leave some shares to ride the rest of the way. 70p - 80p ULTIMATE TARGET
New CEO to turnaround the company with experience of doing so to others.
Dividend most likely will also be back to attract new investors in months to come.
April 30th:
In the last week, as demand started to increase across the industry, the Group has commenced re-opening selected sites across its Distribution and Roofing businesses to provide greater support to our customers and offer increased access to our products and services. 15 sites are now open across our Distribution business and 20 sites are open across our Roofing business. The Group is currently planning for the majority of its sites to be open by mid-May.
#FTSE250 comparison with Feb 18 suggests rebound and new lowFTSE 250 compared to Feb 18
Suggests a low of about 1680, recovery to 2040 then a new low in April of 1600. 20% drop is already in.
Extreme bear case where two arrows are equivalent is grey line, implies 800 !
Fresnillo - LONGLong opportunities continue to present themselves while this technical standpoint continues to play out. Sized in from the bottom and looking to sit on my hands to take profit at key levels on the chart. Trade with care.
Note: This idea follows my own tried and testing trading strategy and rules. This idea does not constitute trading guidance for anyone else.
DM to learn more about learning to trade.
Just Group - Just about to explode?Buy Just Group (JUST.L)
Just Group plc, formerly JRP Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments.
Market Cap: £660.9Million
Just Group has been in the process of forming a bottom pattern for the past couple of months. The break above resistance at 57.50p confirms the pattern and projects an upside move to 79.30p over the short to medium term. There is also an unfilled gap at 96.50p, which formed when the company posted disappointing results. I like the prospects of recovery from here.
Stop: 54p
Target 1: 72.75p
Target 2: 79.30p
Target 3: 96.50p
Interested in UK Stocks?
Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
Babcock - Potential bottom forming.Buy Babcock (BAB.L)
Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy's submarines, naval ships and infrastructure. It also offers solutions in engineering, equipment management, consultancy, information and knowledge management. The Defence and Security segment offers engineering and training support services.
Market Cap: £2.68Billion
Babcock appears to be in the process of forming a bottom pattern on the daily chart. A break above 576p is needed to confirm the bottom pattern. Buying now is a pre-emptive move but it offers fantastic risk/reward at the current levels. The company is likely to benefit substantially on a Brexit deal.
Stop: 490p
Target 1: 576p
Target 2: 740p
Target 2: 800p
Interested in UK Stocks?
Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
Howden Joinery HWDN on watchlistUsing Weinstein stage analysis on the weekly chart we see that HWDN is potentially entering Stage 2 having broken out of a minor Stage 1 resistance and retested the 30MA. Watching for a break above the upper golden trendline drawn from the previous Stage 3 highs. The upper and lower golden trendlines indicate a bullish triangle pattern and is very close to an ascending triangle (horizonal top).
I will take a half position on a break above 530.
My preference would be for further consolidation within the triangle pattern with a contracted trading range leading to a more powerful breakout in the future.
Sports Direct 4th wave of a C wave down?This looks to be a 4th wave of a C wave down. After this I'm expecting another 5 wave down. I could of course be wrong and I am no expert. Please give me your thoughts?
FTSE 250 (MID CAPS) POTENTIAL SHORT @~16650I do not know anyone who actually trades this instrument. But the fact that the market exists, suggests that someone is interested. I am sure there are some funds that track this market. Some retirements are invested here.
The U.K. Mid Caps market, like all markets, has taken a beating since the summer of last year confirming a recession (we will only hear that word in the news when it is too late). We have already seen a 15% devaluation... Can your portfolio cope with a 20% markdown? While paying fees?
16650 looks like a level where institutions are doing a lot of selling. If my broker allowed me to trade this market, I'd place an order to short the market as follows;
EP: 16655
SL: 16815 (200 points)
TP: 15595 (1000+ points); 14845 (1800+ points). Potential rewards of 5:1 and 9:1.
or if there are any investors in the room, you could sell off your positions (hold some as cash instead) with a view to invest back into the mid cap market at 14750/14500!
FTSE250 POTENTIAL LONG FOR INVESTORS AND TRADERS ALIKE!In addition (and contrast) to my previous post, there is likely to be a good profitable move up when price gets down to 14750/14215.
Price moved very strongly away from there in October - this suggested a lot of institutional interest to buy at that level. We want to buy where they buy and sell where they sell.
Targets will be the 17500s!
EP: 14750/14500 (depends on the investor)
SL: 14200 (risking 300 to 550 points)
TP: 17500+ (3000+ points. I'll take that!). Potential reward is nice.
