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Fully Listed Focus Today on ShareCrazy.com top chartist Zak Mir of Zaks-TA.com brings us outstanding fundamentals backed by a strong chart. Unearthed jewels are not only to be found on the AIM and Plus markets, sometimes they are hiding in plain sight on the full board. Today, Zak takes a look at three of these hidden treasures. Anglo Eastern Plantations: (AEP) First up is Anglo Eastern which is attempting to break to higher ground but may have to pause for breath to fill the gap down towards 560p first – a possible buy point. The upside at this stage while above the bottom of the gap at 555p on an end of day close the upside here could be the top of last year’s channel at 625p
Soco International (SIA): Second line oil plays have been a no brainer buy in recent years, with Tullow and Cairn graduating to the FTSE 100. I would assume that Soco is not far off the blue chip category after the gains of last year, with the current situation being that we are witnessing something of a retracement from the best levels. The best way of handling the shares in the near term is probably to either wait for an end of day close above the 200 day moving average at 2,015p as a momentum buy, or a dip buy at the main 1,800p 2007 support line.
Corin Group (CRG): The chart of Corin is not a million miles away from that of Soco, although it is dominated by the type of rounded top which makes you wonder whether the uptrend here has legs. That said, the September 2006 uptrend line at 440p is being approached and therefore we have an opportunity to get on the Corin bandwagon. At least while there is no end of day close below the 2006 the upside could be of the order of the November resistance line / blue 50 day moving average at 522p.
*The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. Zaks-TA.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 5-11 Worship Street, London EC2A 2BH or on 020 7562 3370. Zak Mir is perhaps the UK's best known chartist. If you are a serious trader you should join his website Zaks-TA.com to benefit from all his latest calls and real-time trading signals, including a new analysis of those stocks Zak thinks have been oversold in the recent downturn. For more information visit Zaks-TA.com. |
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