Exit Ithaca Energy PLC (LON: ITH)

Overview: Ithaca Energy PLC (LON: ITH) is an independent oil and gas operator focused on the United Kingdom Continental Shelf (UKCS). The Company operates a single class of business, being oil and gas exploration, development and production and related activities in a single geographical area, presently being the North Sea. ITH has been a part of the 'Momentum Model Portfolio' since October 21, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on stock at the Closed Market Price of GBX 217.00 as of October 30, 2025.

ITH’s Daily Chart as on 30 October 2025

Source: REFINITIV; Analysis: Kalkine Group

New Entry Case: BTC Company Limited (LON: BTC)

Overview: BTC Company Limited (LON: BTC) is an LSE listed, British Virgin Islands-based Bitcoin treasury company. The Company is building up a strategic Bitcoin holding through acquiring Bitcoin as a treasury and currency management tool and by adding Bitcoin through its own Bitcoin mining operations in North America.

Technical Analysis: BTC’s daily chart shows prices holding above a key horizontal support zone, indicating potential for a near-term rebound. The 14-period RSI at 34.51 is approaching the oversold zone, hinting at a possible reversal. Prices remain below the 50-period Simple Moving Average (SMA), which now acts as resistance. Overall, the setup suggests improving technical conditions and the possibility of renewed strength in BTC’s price movement in the near term.

BTC is recommended as a new entry in the 'Momentum Model Portfolio' as on October 30, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the Closed Market Price of GBX 4.35 as on October 30, 2025.

BTC Daily Chart as on 30 October 2025

 Source: REFINITIV; Analysis: Kalkine Group

Support and Resistance Summary (As on October 30, 2025)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of October 30, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.