CC
- 12 Aug 2015 08:51
- 5 of 13
I hope today is nice and tradeable. Just bought some HSBC and STAN. Both XD tomorrow
CC
- 12 Aug 2015 09:23
- 8 of 13
Really interesting chart Skinny. I think you are far better at charts than me but I see it being driven into the wedge with the wedge having a 200pt range as of today which needs to narrow before it will break one way or the other.
I want it to break up but I don't like the way the 50MA has crossed the 200MA
Overall I think FTSE keeps getting driven down by worrying macroeconomic news, which I don't think will necessarily follow into poor company results.
Not sure of the timeframe but I see FTSE breaking up when it's ready. My opinion is not so much based on the chart but more based on company fundamentals
CC
- 12 Aug 2015 16:43
- 12 of 13
I've had better days but it can go up as fast as it can go down.
I would say it's oversold down here. The month of August is historically a bad one.