"As promised, we're spending the season to be jolly looking at other peoples 'tips'. Our sources for these shares are the Telegraph, Morgan Stanley, MSN Money and unusually, our mailbag. We prefer not pay attention to most of the folks tipping ..."
A day to celebrate we are finally making profit after all these years. Its not the cash cow we all thought but if it builds on this it could be a helthy investment. Who knows we may even see dividends one day in the future :-)
This company is struck with London - a city that is 95% owned by foreigners, with few that can speak, read and write English and are in to English theatres!! They have to think of moving over to Shanghai and Bombay - get the tie ups, if at all they think of making money and growing. Na, this stock is worth the toilet paper now, alas, one roll of toilet paper is worth much more than this stock!! Burn this stock, this is a dick head of a company.
Must be kidding!! This company will struggle to meet its working capital requirements. For the size of the company, they should have come up with the financial results for the year ending December 2013, in January 2014.. That is, if they really have one!! This stock is heading to 2p
Reach4entertainment Enterprises PLC forms bullish "Double Bottom" chart pattern
Jan 03, 2014
Recognia has detected a "Double Bottom" chart pattern formed on Reach4entertainment Enterprises PLC (R4E:LSE). This bullish signal indicates that the stock price may rise from the close of 7.70 to the range of 12.00 - 13.00. The pattern formed over 396 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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