Pearson broken out of clear resistance. Target 1480, being near the high of a few years ago, a target supported by the depth of the H&S visible on the monthly chart.
Having bounced off the lower boundary of the regression channel, B of A seems to be on the verge of a false breakdown. Looking for a close above the horizontal resistance line.
For those who like regression channels, here is a chart of Intel going back to 1973. The channel has a Pearson coefficient of over 0.9, suggesting pertinence of the indicator. There has been consolidation around the bottom of the channel, ending with a good bullish H-A candle. You will be able to see a triple bottom on the weekly chart followed by a break-out of...
Capita once £8, now £0.37. Unloved and forgotten for a long time. Balance sheet now repaired. Strong interest shown recently with good volume. Worth buying, with patience.
Currently trading at historical high. Recent long low wicks suggest buoyancy. A determined break above highs of recent monthly candles might see a good long trade.
