Mobile Streams - Breakout (11.875p)

Mobile Streams, the Company that sells 'apps' (mobile phone applications), closed up 25% (at 11.875p) today. The long-term SP graph shows a downtrend, since the high of 36.75p (18th March 2011) - see the graph below...

Looking at the shorter term graph, this is even clearer (see below)...

You'll note that the ADX has given a buy signal today and that the OBV has kicked up too. So what about the fundamentals?

Looking at the Sharescope key metrics (below) is interesting!

The first thing to note is that the key metrics (along with the newsflow - particularly the half year results) indicates that the Company is growing quickly. Secondly, the PSR is well below 1 (see the turnover figures above, compared to the MCAP). This gives opportunity for us DIY-Investors in my opinion.

The price action since the start of the year, shows the clear breakout that seems to have taken place...

Here you can see the clear kick up in the OBV & RSI, together with the buy signals on both the fast and slow ADX indicators. You can also see that the price has broken significantly up through the 50 day moving average (blue line) on high volume.

As always, DYOR and make up your own mind!

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DCD Media - Is this a buy opportunity?

For those that feel they missed the boat with DCD, due to the large rise recently, you may wish to take another look at the possible buy opportunity (see graph below)...

What DCD is displaying, is a classic flag, which in technical analysis is a continuation pattern. You might like to think of it pausing for breath!

Please DYOR and in particular, check out the recent newsflow - IMO, the fundamentals and TA are both in favour of continued growth in the shareprice, as DCD gets a positive re-rating.

Mick.

DIY-Investors meetup - February 28th

Want to find out more about "3 Easy Ways to Pick Winning Shares"?

DIY-Investors are hosting a Meetup Group on Tuesday 28th February 2012 at 7pm in Dorking, Surrey. For full details, check out the video here.

We look forward to seeing you there!

Mick.

Kenmare Resources (KMR) - Golden Cross + Volume

I've been following Kenmare Resources (SP=51.5p at close on 09/02/2012) for a while and noticed today that it looks as if we have a 'Golden Cross' forming, reinforced by strong volume. See Sharescope graphs below...

The situation is a bit clearer if we take a closer look at what's been happening since the last breakout...

Recent news about the increasing chinese demand (and price) for ilmenite and rutile can only be good for Kenmare (as well as for Sierra Rutile [SRX]).

Overall, the technicals look good (Rising OBV, Golden Cross + volume & ADX), as do the growth prospects. My only concern is that I would like to be seeing a slightly more modest PSR. However, the next set of results could well show a significant growth in turnover, as a result of the combined increased output and increased price. This could reduce the PSR significantly.

Let me know what you think...

Styles & Wood - Double Bottom & Recovery (SP=9.25p)

I've been watching STY for over 18 months now and, along with several DIY-Investors, have been surprised by the lack of interest in this small Company that specialises in the fit out sector of the construction industry.

The general shape of the SP graph has been mixed (see below)...

What I have found encouraging is the continued strength of the OBV + the good fundamental case for holding STY. The last RNS (14th November 2011) gave support for the case to hold STY, so what about the shorter term TA picture?

Lets take a look at the past 6 months...

The immediate thing that strikes me is the obvious double-bottom occuring in the last 3 months of 2011. The price action at the end of December was also a clear breakout from the downtrend of the previous few months (marked by the downward sloping blue line). This coupled with the rising OBV and in the past few weeks the clear uptrend in the 50 day moving average (currently supporting the SP), is shouting "buy" to me. I also note that there was a buy signal on both ADX indicators on 22nd December, prior to the last upleg.

Even more strange is the likelihood that with a MCAP (today) of £5.7m, we might find that, when the full year results come out, the net cash within the Company exceeds this figure!

As ever, check this out for yourself and come to your own conclusions!

As for me, I'm content to hold what I have and will look to add more in the next few days.

I'd be interested to hear your views...

Regards, Mick.

STV Group - Breakout from Downtrend?

STV Group (LSE: STVG) closed at 102p today, seemingly confirming the breakout from the downtrend of recent months (see below)...

As can be seen, the OBV has kicked up nicely in the past few days and there is a buy signal on the ADX indicator. Presumably, recent trading has been making progress - making the ITV settlement less of a drag on the results? Will 2012 be the year of recovery for STVG? Let us know what you think...