Bullish chart " Merlin Entertainments PLC forms bullish “Bottom Triangle” chart pattern May 16, 2019 Recognia has detected a “Bottom Triangle” chart pattern formed on Merlin Entertainments PLC (MERL:LSE). This bullish signal indicates that the stock price may rise from the close of 374.10 to the range of 408.00 - 417.00. The pattern formed over 24 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, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology." image.png658x569 54.9 KB
Trading Statement So they fail even after hottest summer ever. Now will they blame the “good” weather?
Shareholder perks Any idea whether the discount code issued as shareholder perk can be used to buy V.I.P family annual pass?
Re: Message from Eadwig Thanks for posting that g16.All the posters worth reading seemed to have been disappearing - LKH & Eadwig - but it sounds as if he'll be back soon.
Re: pre 8.00am trading sorry should have typed 3.7p not 1.7p
Message from Eadwig I'm just copying this from the Barclays board. Please read below for update on Eadwig which obviously explains why he hasn't been able to post for some time. I wish him all the best and hope in time that he can return to this board. This board is poorer with the absence of people like Eadwig. Thanks for the concern. I'm physically well but my best friend died in January. I was in the UK looking after my elderly father at the time and on the day of his funeral in Feb my dad had a fall that night resulting in 5 weeks hospitalisation and eventually his death also. For some reason my two siblings very much set against my supposed lack of concern during his illness and after his death. I've no idea where this came from. I was after all spending new year and January in the UK looking after him 24 hours a day as I have done for at least 10 weeks per year for the last 4. Anyway, I've been quite upset by that on top of everything else as I'm sure you can imagine.I'm now back in Poland after missing out on 4 months of my 4 year old's growing up (my sister used to give up one Saturday afternoon per week in her own concern for my dad) and will be slowly easing back into shares which I have dangerously neglected. Despite that I hit my 15% growth target for the tax year 17/18 although I only measured my position on 5th May, so a 13 month year.I'm very much out of touch so don't have a lot to contribute to the board right now but hope to participate more as time goes on. I'd be grateful if you could copy and paste this message somewhere public and appropriate so that anyone else who might be concerned can be brought up to date.Eadwig"
pre 8.00am trading sorry can someone explain all these 07 - 08 hr (ie pre 8.00) at around 1.7pforgetting the 1.7p price and assuming its a error does city trading start pre 8.00 ??
Re: Trading Statement Some people still like Wayne Rooney
Trading Statement Trading statement didn't really give us much. Nothing in 2018's results to make me think this lot are going anywhere. I see Merlin still blaming terrorist attacks and poor weather. The excuse is wearing a bit thin IMO. Does anyone really fancy a Shrek experience?
Re: Lets go back up Quite pleased with the drop.Added to my holdings at 359p.Market squalls like this are to be taken advantage of - steel tariffs wont hit trips to Alton Towers.Was very impressed with the results. As the terror attacks fade from view, the company is building a geographically diverse business and am liking the significant expansion in bedrooms. The balance sheet is robust and the dividend well underpinned.
Re: Lets go back up Well that surge in SP didn't last long, down 5.5% Friday.
Lets go back up I bought in at £4.85 and was started to get worried but I am holding for the long term.
Re: Results But what has become of the goodly King Eadwig?
Re: Results The markets certainly like the results. I purchased a few weeks back at £3.26 and am quite happy with investing in this company. I also want to thank people like Eadwig and others who have been providing their thoughts on the company. I think Eadwig's average price of around £4 will be met before too long and hopefully that'll be just the start.
Results Good set of results today which look like the start of the turnaround. Gardaland badly hit by a drop in numbers but overall a strong uptick in visitors. With the addition of ValueAct to be the 3rd largest shareholder to promote change, this should be the start of the fightback.