Midcap’s big signal for the long term
Independent analyst Alistair Strang examines a telecom tower company connecting people across Africa and the Middle East.
5th August 2026 08:38
by Alistair Strang from Trends and Targets
Helios Towers (LSE:HTWS), a constituent of the FTSE 250, are active in the Middle East and Africa, throwing up telecommunication towers all over the place. According to Wikipedia, they own and maintain over 10,500 towers, keeping the cellular market alive across the continent.
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As the chart below shows, the green line represents the previous “all-time high” closing price at 205p. In May this year, the market clearly thought 205p risked becoming an issue, opting to gap the share price over this red-circled obstacle. When we say closing prices are a big signal, this was one of those occasions where we’ve little choice but to judge the signal as seriously important for the longer term.
Source: Trends and Targets. Past performance is not a guide to future performance.
Our suspicion now is that the next time Helios’ share price closes a session above 205p, a journey to an initial 234p should commence with our longer-term secondary, if exceeded, working out at a future impressive 293p. This is obviously a fairly significant change in the share price valuation. Keeping an eye on Helios would certainly make some sense in the days ahead.
If trouble is planned, the share price needs to close below 190p to potentially spoil the aforementioned targets and instead, kick off a cycle downhill to an initial 166p with our secondary, if broken, at 139p. At present, there’s nothing suggesting this should become an issue, although our software demands we mention it.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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