Kingfisher Plc. is a compelling Buy at the current price level. The stock finished trading on the London Stock exchange at 340p a share on 21st December, up by 0.35% compared to the previous close. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 333.0p, 318p and 309p respectively, which also indicates towards the bullish trend of the stock. In terms of technical analysis or charting also, the stock has been firmly trading on the upward trend line and has been forming higher highs and lower lows. The immediate support and resistance for the stock is at 333p and 350p respectively. Any breakout above 350p may also take the stock to 370p as well. Therefore, traders or investors need to keep an eye at the respective levels and accordingly hedge the positions.
Now let’s throw some light on the latest third quarter update of the company. The company announced its third quarter trading update a month back on the 21st November. As per the update, the company’s Q3’18 topline was up by 3% year on year. As per the management, the company is well on track to deliver its full year strategic milestones. The company also returned £237m to its shareholders via buyback. (Read more)0 Comments 0 Likes 0 ScrapbooksRead More >
BT Group Plc. is a Hold at the current price. The stock finished trading on the London Stock exchange at 268.45 pence per share on 8th December, up by 0.09% compared to the previous close. The stock has been nonstop correcting since last 3 months and had tested the lows of 244p as well. However, it seems that the stock has bottomed out and is ready for short covering and a pullback rally. The stock has been trading above its 20 day moving average (DMA), 50 DMA and below100 DMA of 252p, 260p and 277p respectively. The immediate support and resistance for the stock would be at 252p and 277p respectively. In terms of charting or technical analysis, the stock is making rounding bottom pattern which indicates the up movement in the stock. In case of breakout above 277p, we may see stock heading towards 290-300p as well. Therefore, we would advise traders or investors to keep an eye at the respective levels and accordingly hedge their positions.0 Comments 0 Likes 0 ScrapbooksRead More >