[Tryst]

CGH on the watchlist tonight again, as it's had a strong rebound from breakout support and is now close to the top of it's near term resistance. So watch for a potential attempt at it's first Stage 2 continuation. I've also attached the monthly chart, as if it does successfully make the continuation attempt then it would also move into Stage 1A on the monthly chart.

A good example this of how prior resistance then acts as support. 12 - 12.25 being the prior resistance and current support. It sat at 12.25 for day on the retest on next to no volume. I regret not adding to my trade here, or in hindsight my initial trade should have been placed now, then I should have added to the trade yesterday when it pushed higher on good volume. I did end up adding to my trade to but it was around the 13.25 region.

[isatrader]

PHRM.L - struggling in Stage 1, but it is getting some volume love from Bigger Capital this week: http://thisisbigger.com/2014/08/22/phorm...nt-thesis/ so I will be keeping an eye on it for a potential attempt at a Stage 2A breakout in the coming months.

   

[isatrader]

A few micro caps for the watchlist tonight - AFRI.L (early Stage 1), NRRP.L

           

[pcabc]

SIG.L:
   

[isatrader]

For the UK watchlist from Fridays scans - SLP.L (Stage 1), TCM.L, MSLH.L, CSR.L

               


And I wanted to highlighted RXP.L again, which has come up a few times this year as it moved through Stage 1 and into early Stage 2A at 8.25p in July on 20x the average weekly volume. As it's continued to move sharply higher on exceptionally strong volume compared to it's normal volume and has this month cleared the 2009 high as well. And so is a great example of why we look for strong volume on and following the breakout.

       

[isatrader]

Attached is the Relative performance tables for the UK FTSE 350 Sectors.

To see the individual stocks in each sector go to: http://www.londonstockexchange.com/excha...r=&page=10 and use the drop down menu.

FTSE 350 Sectors - Ordered by Overall RS Score

   

FTSE 350 Sectors - Ordered by Weekly Change

   

FTSE 350 Sectors - Ordered by Monthly Change

   


As a reminder, the daily UK watchlist picks can now be found in the Elite Members section of the site. To become an Elite Member please join via the one fee on the front page of the forum here: Premium Services

[isatrader]

The updated UK FTSE 350 Sectors Relative Performance tables are in the free UK watchlist thread here: http://stageanalysis.net/forum/showthrea...70#pid5370

[isatrader]

For the UK watchlist tonight - LAM.L, RECI.L, DC.L, CYAN.L, FOGL.L