Slow Trader

Tag: FTSE 100

  • The remaining top share picks on a chart

    To complete our take on the remaining top ten FTSE 350 shares here’s the final few from last week. As I’ve explained, the main purpose for these shares is their fundamentals. As we are looking at particularly long-term holds the chart (even a 10 year weekly bar chart, as shown below) becomes irrelevant. However, it’s always nice not to have to spend the first few years of ownership out of the money. Therefore, please do your own due diligence but these charts may help.

    Zoopla has a clear 3-wedge up which could signal a pull back. However, if the pull back is weak there is a reasonable probability of a measured move up of the whole wedge, to the 600 area. 

    There is a 50% probability of a pull back with Wizz to the 1,300 area, as marked below. However, price is currently centrally located in a possible big trading range (TR) so a push up to the top of the marked TR is a consideration. The big TR will only reveal itself after another touch at the top and bottom.

    Shire is a lot at 5,000. However, do not misinterpret this as expensive or over valued.  Price and value, in this sense, as we know, are not correlated. Pharmaceutical companies are liable to large share price movements. Shire being one of the more stable for reasons that our further due diligence will reveal. Again, we are looking for a break out here from its previous high of about 5,750 or a pull back to firmly cement the bottom of the trading range.

    Whatever your thoughts might be about a company such as Playtech – online casinos and the like – it has been a consistent member of our top ten. Since 2012 share price has more than tripled and from our fundamental calculations is still only 50% of its future value. The last annual report for Playtech was at the end of 2015, so I’m waiting to see what the next results provide.

    The FTSE 100 is largely influenced by the big commodity companies, even though it is weighted by market capitalisation. Therefore I’d be reluctant to use the FTSE 100 as a barometer for our top ten shares.

  • Eve’s share list – what do you think?

    Eve (not actual name) has this share list.  Through an ISA so LSE only.

    There are a mixture of FTSE 100, 250, AIM and small cap here. As we only calculate FTSE 100 and 250 (Grouped as FTSE 350) and S&P 500 shares I’ll show this based just on medium term chart signals rather than Nick’s company numbers.

    Aggreko – trending down but medium term is a hold.

    Barclays – choppy recently. Short term (a possible) hold. Medium term, sell.

    Centamin – short term a slight drop. Medium term hold. Moreover, gold to increase this year.

    Delling Group – unless you know something! sell.

    Glencore – copper to rise. I’d say hold.

    HSBC – banks more difficult to judge. Simply by the signals its a sell, and has been since late September.

    Petrofac – oil industry has taken a hit. However, Petrofac is one of our ‘top buy tips’ based on company numbers. Crude oil to increase again in March. Hold.

    Premier foods – short term is a probable dip. Medium term difficult. Unless you know something! again consider a sell.

    Quindell – recently increased nicely. If you need the cash, sell. If not, and you like a bet, then hold.

    Wetherspoon – neutral with a slight trend upwards. Could equally go up or down! It is going to do something based simply on the length of time it has done nothing! Probably to continue its current drop to 780p, but a climb is possible. Tentative hold.

    Any spare cash and nothing in the ‘top buy tips’ takes your interest consider an index tracker in FTSE 100 or S&P 500 e-mini or even a gold ETF. However, if holding Centamin (gold) then consider diversification and exposure to too much in one commodity. You also have copper and oil, in some regard, through Glencore and Petrofac respectively.

    All the best

    B