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+--- Thread: UK Stocks and ETFs - Watchlist and Discussion (/Thread-UK-Stocks-and-ETFs-Watchlist-and-Discussion)



RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-11

(2014-12-10, 11:34 PM)pcabc Wrote: This looks like a massive build up in volume. However, this one has gone a long way already, ENQ.L:

A long way is an understatement. If you flip the chart and look at this like you would a Stage 2 stock, you'd think it was in the process of making a blow off top (see attached), as it's seriously extended (71%) from it's 10 week MA. Would you buy a Stage 2 stock at this point?

   

   

Heavy volume late in a parabolic down move like ENQ.L could be a sign of capitulation. Note the other energy stocks also in extreme Stage 4 declines that are also seeing heavy volume selling today. The energy short trade could be nearly over imo.


RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-11

For the long watchlist again today - PRG.L

   


And for the short watchlist - AGA.L, BGEO.L, POLR.L

           


RE: UK Stocks - Watchlist and Discussion (Premium) - pcabc - 2014-12-11

(2014-12-11, 12:21 AM)isatrader Wrote: Heavy volume late in a parabolic down move like ENQ.L could be a sign of capitulation. Note the other energy stocks also in extreme Stage 4 declines that are also seeing heavy volume selling today. The energy short trade could be nearly over imo.

Interesting to see how this pans out. At some point I suppose there are only the most dogged buy and holders left, the ones that would rather wait it out no matter what.


RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-15

For the long UK watchlist today - SVCA.L

   


And for the short watchlist - OPAY.L

   


RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-16

For the UK long watchlist today - JLF.L, IMG.L (Stage 1), ELTA.L, SDY.L, POLY.L (Stage 1)

                   


RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-17

(2014-12-11, 10:29 PM)pcabc Wrote: Interesting to see how this pans out. At some point I suppose there are only the most dogged buy and holders left, the ones that would rather wait it out no matter what.

Here's a good example (although from the US market) of an energy stock with a similar chart that's now started rebounding, and has moved over 100% in two weeks. This is the kind of price action that I was warning about in the previous post, as when they are so far extended from their moving averages, you can get extreme corrections.

   


RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-12-18

Nothing particularly interesting for the UK watchlist tonight, but I did note a large amount of stocks that made pullbacks to their rising 10 week MAs, that then closed higher. So trader pullback entries might be a good place to look in the current climate.


RE: UK Stocks - Watchlist and Discussion (Premium) - pcabc - 2014-12-20

Two longs, BYG.L & GPOR.L. Disclosure, I already have a position in GPOR.L: