Another Level - ADN, BP, EXPN, FRES, MRO, REL, STAN

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Another Level – ADN, BP, EXPN, FRES, MRO, REL, STAN - 28 May 2014

Aberdeen Asset Management (ADN)

Where next?

Will the price rise towards highs of 500p? or;

Will the price fall towards lows of 360p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Back at 2-month recent resistance
Stochastics overbought
RSI falling – negative divergence with price
Momentum neutral

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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BP (BP)

Where next?

Will the price rise above highs of 510p? or;

Will the price fall towards lows of 465p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Volume fallen since mid-month
Stochastics & RSI turned down from overbought
Momentum dropped to neutral

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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Experian (EXPN)

Where next?

Will the price rise towards highs of 1275p? or;

Will the price fall towards lows of 975p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Support for rebound?
Stochastics turning from oversold
RSI kicked back up from oversold
Momentum rising
Directional inictaors convergnig bullishly

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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Fresnillo (FRES)

Where next?

Will the price rise towards highs of 1335p? or;

Will the price fall towards lows of 650p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

200-day MA been resistance since early 2013
RSI & Stochastics falling highs
MACD and momentum flat

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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Melrose Industries (MRO)

Where next?

Will the price rise towards highs of 330p? or;

Will the price fall towards lows of 230p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Falling highs since Feb
200-day MA may have become resistance
Stochastics & RSI shows rising lows and falling highs
MACD & Momentum negative

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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Reed Elsevier (REL)

Where next?

Will the price rise above highs of 940p? or;

Will the price fall towards lows of 715p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

Testing all-time highs
Stochastics turning over; overbought
RSI approaching overbought

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Standard Chartered (STAN)

Where next?

Will the price rise towards highs of 1550p? or;

Will the price fall towards lows of 1175p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

200-day MA could be resistance; close to recent highs
Stochastics overbought, but with bounce from neutral
RSI topping out near oversold

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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