Sirius Minerals Plc shall be avoided for the time being. The stock finished trading on the London stock exchange at 23.0p on 17th January, down by 0.40% compared to the previous close. The stock has been non stop falling for the past few weeks and it seems that the correction shall continue for the coming days as well. In terms of technical analysis or charting, the stock has been trading firmly on the downward trend line which further confirms the further bearish sentiment of the stock. It has been constantly forming lower highs and higher lows and we don’t see any signs of consolidation soon. Currently, the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 23.0p, 24.4p and 25.2p respectively. The momentum oscillator ie macd also indicates towards the bearishness of the stock. The immediate support and resistance is placed at 22.0p and 25.0p respectively. However, any breakdown below 20.0p may push the stock even lower. Therefore, traders or investors shall be adviced to avoid initiating any fresh long positions in the stock.
The company lately announced the quarterly update on 12th January 2018. As per the update, the project remains on track to deliver the first polyhalite and commercial production on time and on budget. However, current diaphragm walling activities are approximately two months behind the schedule. However, the review of 2017 milestones demonstrates good progres (Read more)
Sirius Minerals Plc. is a compelling ‘Buy’ at the current price levels. In terms of technical analysis, it seems that the stock has already given a breakout and is all set to rise. The stock finished trading on the London Stock exchange on 12th April 2017, at 25p a share, up by 8% compared to previous close. The stock has had risen by over 20% in the past 2 weeks. However, we feel that the rally shall continue and even at the current levels, investors can initiate fresh longs. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 19.9p, 18.8p and 19p respectively. Trading above the moving averages is also a bullish sign for the stock. The immediate support and resistance for the stock lies at 20p and 26p respectively. The stock needs to pierce 26p to continue the rally. However, a breakout above 26p could take stock to the new highs of 34p. Hence, Traders shall keep a close watch at the respective levels and accordingly hedge their positions. In terms of charting or technical analysis, it has been making green marubozu candles which also indicates short term to medium term bullishness of the stock. Also it seems the stock would be making ‘Rounding top bottom” pattern, which also confirms the uptrend.
Sirius Minerals is Hold at the current levels. The stock finished trading on the London Stock exchange at 34.6p a share on 24th October, up by 1.48% compared to one day before. Currently the stock has been trading below 50 DMA, but just a tad above 20 DMA and 100 DMA of 37.0p, 33.6p and 29.0p respectively. In terms of technical analysis, the stock has made a slight bullish candlestick pattern called as ‘Hammer’, and the stock has witnessed a positive closing yesterday, so it might head for another breakout as well! Lately, the stock has had support at 30p as it seems stock has bounced back after taking support at 30p. The next resistance levels for the stock would be at 35p and 37p respectively. Any breakout above 37p would ensure the rally back in Sirius Minerals plc and we may see stock touching back to 50p level as well. However, there might be a few hurdles in terms of resistance levels, but in case it breaches resistance of 35p-37p, then even fresh longs can be initiated in the stock with the target of 50p and stop loss of 30p. The company has been seen correcting since August 2016 and has come down from 45p to 30p. However, it seems that the Sirius is in a consolidation mode and is ready to bounce back very soon! I would like to invest traders and investors to keep a close eye at the stock and should not miss the lucrative investment opportunity.
Rolls Royce Plc
The technical chart of Rolls Royce suggests that the stock is all set for breakout and lately huge volumes have also been witnessed in the stock. A few trading sessions back, Rolls Royce was seen making lows at 600 pence, after a steep correction of up to 10%. However, the stock has bottomed out at 600 pence and thereafter start rising again. We expect the stock would continue to rise in the coming trading sessions and would be seen trading range bound between 630p-660p in the short term. The stock finished trading on London stock exchange at 635 p a share on 22nd June. The immediate support for the stock lies at 630p and resistance at 660p. If the stock manages to breach 660p, it may be seen heading towards 720p as well. However if the stock again goes below 630p, then it may breakdown up to 599p again. Therefore traders shall watch these levels and hedge their positions with stop loss. In the last trading session, the stock has form ‘doji’candlestick pattern which indicates slight indecisiveness amongst traders. (Read more)
Sirius Minerals Plc is a United Kingdom-based fertilizer development company and has a market cap of £342.5 m. The Company is primarily focused on the development of polyhalite deposit, The York Potash Project. The Company operates through two divisions: the UK segment, which consists of the York Potash related activities and the corporate operations, and the Rest of World, which includes the Company's other overseas interests.
Sirius Minerals Plc is mainly for the less risk averse investors. The UK based fertilizer producer has traded in a wide range between 6.40p-29.50p over the past one year. Currently the stock is trading at 134% above its 52 Weeks low and 97% below its 52 weeks high. Sirius Minerals finished at 15.0p a share, up 3.45% on Tuesday, 15th December 2015. The company has 50 days moving average of 17.72p and 100 days moving average of 17.63p. Sirius minerals PLC had shown a spectacular rally in the year 2015, as the shares had risen by 250% from 6.40p to 25.0p. However the stock had rallied so much mainly on account of the positive news flows regarding the proposed potash mine in York. Though there have been a few roadblocks with the decision process, but now the company has received all the required consents and can go ahead with the £1bn project. However after the spectacular rally, the stock seems to head for a correction and according to a few analysts, fiscal 2016 might not be as superb as the last year. In the November 2015, the company received an ‘outperform’ rating from Macquarie with a target price of 25 pence which indicates an upside of up to 78% from the current levels. (Read more)