Will Findel Break Through Resistance?

Findel (FDL), closed tonight at £1.845, giving a MCAP of £158.6m.

For several months it has failed to break through a ceiling at about 186p but the chart pattern is starting to look more promising (see below):

Positive Technical Analysis includes:

• Upward sloping 200 day moving average
• 50 day m.a. found support off of the 200 day m.a.
• Rising OBV
• Strong RSI
• Positive uptrend showing on the ADX
• Increase in the average volume in recent weeks

Findel - Key Metrics

The Sharescope key metrics are shown below (annotations are mine)...

As you can see, the PSR remains low (0.32) and there are encouraging positive trending figures in turnover, profit and cash flow per share (all underlined in red). The PEG ratio (0.80) is also reflecting the growing eps!

In my opinion, FDL could well make a move (upwards) before too much longer. What do you think?

Usual caveats DYOR etc.

Mick.