United Kingdom
Biography
I began my career in financial markets in 2005 and have experience across a range of markets and asset classes. I began as an FX consultant for a small commercial foreign exchange business before moving into a stockbroking role at medium sized broker. Here I specialised in advising and managing investments for high net worth individuals while developing a passion for technical analysis. This led to a role as a derivatives trader where I traded equities, FX and commodities for sophisticated investors as well as managing investment portfolios. I later moved into investment research where I provide investment and trading strategy to a number of other brokers and traders at the firm while running investment portfolios on a discretionary basis. I am Chartered Member of the Chartered Institute for Securities & Investment as well as a member of Society of Technical Analysis.
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76 Followers
Write a Squawk to Joe Neighbour
  • Squawk / Yesterday at 7:42 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Utility stocks in the UK continue to come under pressure. Centrica (CNA:xlon) is the latest to fail at trend resistance and appears ready to challenge the recent lows.

    The shares rank below average in our fundamental model, scoring particularly poorly on momentum and growth metrics.

    We are sellers this morning expecting a move towards 188p with a stop loss at 210p
    Read the Squawk
  • Squawk / Friday at 6:07 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.

    This rejection is likely to trigger a move to the lower end of the channel at 332p.

    332p is a huge support level that has held since July 2015. If this breaks to the downside, then I would expect to see a sharp move lower as large top pattern completes.

    The shares rank towards the bottom of my fundamental model, scoring poorly on growth and profitability metrics.

    My trade today is to sell on the open.
    Target 1 is for a move to the bottom of the range at 332p, then if this breaks look for a move towards 245p over the medium term.

    Stop loss on the trade is at 374p
    Read the Squawk
  • Squawk / 22 June 2017 at 6:07 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Royal Mail Group (RMG:xlon) has rallied into multiple resistance levels and appears to be rolling over to the downside.

    The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.

    With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell.

    The shares do rank above average in our fundamental model, scoring particularly well on value and momentum metrics.

    I believe from a price perspective that the shares are at a good level to sell.

    Our trade today is to sell at the open

    Stop loss at 452p
    Target at 400p
    Read the Squawk
  • Squawk / 21 June 2017 at 6:42 GMT
    Technical Analyst / PIA-First
    United Kingdom
    European markets are set to open weaker this morning and were dragged lower yesterday by weaker oil prices.

    BP has been trading in a neat range for the past few weeks and we saw a firm rejection at the upper end of this range yesterday.

    I now expect to see a move towards the lower end of this channel and potentially a break lower.

    The lower end of the range comes in at 440p, if this breaks then the implied target on the downside is 403p.

    The shares have been downgraded this morning by Macquarie Bank to 'Underperform' from 'Neutral'

    BP also score very poorly in my fundamental ranking model.

    Trade today is to sell at market, initially targeting 440p, then a move lower to 403p.

    Stop loss at 477p
    Read the Squawk
    21 June
    Liam Conroy Liam Conroy
    what time horizon joe?
    21 June
    Joe Neighbour Joe Neighbour
    Morning Liam,
    I would say 1-3 weeks.
    Joe
    6d
    Joe Neighbour Joe Neighbour
    BP making new lows on a relative basis versus the FTSE100 at the moment.
    Key support is 440p.
    Bring stop down to 470p from 477p
  • Squawk / 19 June 2017 at 7:15 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Buying Unilever

    ULVR:xlon continues to push higher and is trending higher over multiple time frames

    The shares underwent a mild correction but now appear ready to kick on from here having completed a bullish flag.

    The hammer candle posted on Friday is positive for short term sentiment and suggest a move to new highs should be seen.

    Unilever is typically seen as defensive share and due to the recent increase in volatility we expect to see more demand for these types of company.

    The shares score very well in our fundamental model, scoring particularly well on quality and profitability metrics.

    Buy at market

    Stop at 4175p

    Target at 4750p
    Read the Squawk
    19 June
    benlouro benlouro
    agree. I have a long time positive view on UNILEVER
  • Squawk / 15 June 2017 at 6:16 GMT
    Technical Analyst / PIA-First
    United Kingdom
    Selling HSBC on the open

    HSBC has shown fantastic strength over the past 12 months, rising from 414p to 715p.

    In my opinion the shares are now running out of steam and could be due a deeper correction. There is a sequence building of lower highs and lower lows on the daily chart, which is beginning to form a bearish channel. Yesterday the shares broke below a small uptrend line, which could be the trigger for a pullback.

    There is bearish divergence on the RSI and the shares have found resistance on a relative basis versus the FTSE100.

    According to my fundamental ranking model the shares score poorly, ranking at 100 out of 100.

    My trade today is to sell on the open.
    Stop loss at 701p
    Targeting 645p on the downside, then in extension of that towards 620p.
    Read the Squawk
  • Squawk / 14 June 2017 at 9:59 GMT
    Technical Analyst / PIA-First
    United Kingdom
    UK House builders are pushing higher this morning following an update from Bellway.

    I have been waiting for an opportunity to go long of the sector following the minor correction post-Election.

    Barratt Development is the one I have highlighted to buy today following a strong move this morning.

    The shares rank at number 1 in my fundamental ranking model and I expect to see new highs very soon.

    The medium term trend remains strong and the shares are holding support on a relative basis versus the benchmark index.

    Trade today is to buy at market (currently 586p)
    Stop loss at 560p
    Target at 660p
    Read the Squawk
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