subject: Get December Stock Recommendations from JN Financial [print this page] Get December Stock Recommendations from JN Financial
JN Financial CFD traders specialise in contracts for difference and can guide you through to make the most of your investment.
JN financials early December Stock Recommendations
Royal Dutch B (RDSB) - Buy
Two months up, one month down. Another two months up?
The sharp rally earlier this month in Royal Dutch B tell us that the medium-term uptrend is not yet over. Support has emerged at 1900p, just above the 150-day moving average. More importantly, the stock crossed above 2000p - usually a technical barrier - like walk a park. This means that supply is fairly thin above. Also, we note the stock's potential for relative outperformance.
Taken together, we would overweight the stock over the near term in preparation for a new leg up. We target 2150p, stop at 1950p here at JN Financial.
Vodafone (VOD) - Potential buy
Like Shell, after a month of consolidating from 180p, Vodafone may be attempting to reassert the uptrend once more. At JN financial we have been discussing it and its not quite ripe.
On the price chart, we see support at 160p. On the relative chart, we see support at the prior reaction lows. Therefore, a short-term long bet may be opened to bet on the instrument testing the recent highs. Already, BT is leading the way up. So, Vodafone may follow.
We would place the stop near the November lows initially, raising it to 164p as soon as the stock moves up.
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