Thursday's report on UK-Analyst is from TopSpreadBets.com
Print this Article|
Open A Open A Buy Bet In The Aquarius Platinum Rolling Spread The Bet: We recommend opening a buy bet in the rolling Aquarius Platinum (AQP) spread at GBP12 a penny when the quote is standing at 310p - 312p. The target is 367p plus initially and the stop loss is 260p for a risk of GBP624 at our suggested wager.
The
Fundamental View: We are once again backing a
buy bet in mining group Aquarius Platinum in the wake
of the latest rebound in metals prices, especially Gold
from the $1,200 level. As far as Aquarius itself is
concerned many of the fundamental negatives are now
behind the company including last year's $250m bond
issue.
The Technical View: We are recommending a buy bet in the Aquarius Platinum rolling spread on the basis of a major low put in by the shares at 300p at the floor of a rising November 2008 price channel. Especially while there is no break back below this level the expectation is for an acceleration towards the 200 day moving average at 367p. The stop loss is at 260p, well below the support expected to come in at 300p or just below.
Open a buy bet in the Aquarius Platinum rolling spread as the shares finish building a solid looking chart base. With www.t1pspreadbetting.com, you can be spreadbetting within minutes – click here to sign up.
|

