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isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(This post was last modified: 2014-11-11, 11:39 PM by Tryst.)
RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-11-10, 11:46 PM)pcabc Wrote: Some UK shorts. I may have to de-clutter my charts a little so bear with me. IGAS.L, QPP.L & ADM.L:
I agree, a little bit unreadable
ADM.L, in terms of stages, what would you classify that as? Is it in a very broad stage 3 (from just under 1600 - 1200), with the stage 4 actually starting when it breaks its 52 week low (set last Nov just above 1000)? Or would it already be deemed to be in a stage 4A decline?
Thanks for the charts, pcabc, and bringing back the memory of QPP This was a great bullish looking chart early in the year. Buying and holding this chart would have caused destruction.
(2014-11-11, 12:37 AM)isatrader Wrote: CRM.L
I would say this looks like it has potential for a short, but the food producers sector is looking ok. Looks to be in a stage 3 but is reaching for this highs. If the sector fails at 8000, the short of CRM.L could look interesting.
What are peoples thoughts on OXB.L?
I made a losing trade on this one earlier in the year on a false breakout whilst it was still forming a base. The price has tightened up against the 50 week MA...
(This post was last modified: 2014-11-12, 01:08 AM by pcabc.)
RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-11-11, 10:59 PM)Tryst Wrote:
(2014-11-10, 11:46 PM)pcabc Wrote: Some UK shorts. I may have to de-clutter my charts a little so bear with me. IGAS.L, QPP.L & ADM.L:
I agree, a little bit unreadable
It is the events I've annotated the chart with. I'll put in some logic to turn them off. Just too busy, especially on this scale. I wonder if this forum can handle SVG as that is what I use to plot the charts - I could then make the text v small and zoom?
Quote:ADM.L, in terms of stages, what would you classify that as? Is it in a very broad stage 3 (from just under 1600 - 1200), with the stage 4 actually starting when it breaks its 52 week low (set last Nov just above 1000)? Or would it already be deemed to be in a stage 4A decline?
It just broke down below a previous low at 1197 from Sept. The MA is falling (caution, my chart is EMA150 days). The next lowest low is nearly 1 years old. I think this is a matter of debate. Perhaps there is a little more support to burrow down through. Today it came back up, closing at 1224.
Quote:Thanks for the charts, pcabc, and bringing back the memory of QPP This was a great bullish looking chart early in the year. Buying and holding this chart would have caused destruction.
[quote='isatrader' pid='5922' dateline='1415662643']
CRM.L
Nah - the buy and hold argument is that this is a glitch, you have not waited long enough. Hopefully this argument has not been used for Lonmin...