I often find all manner of reference to Technical Analysis whilst reading threads, questioning certain elements, asking for advice on indicators and also requesting advice on a stock and whether it's a good time to buy, sell, hold or remain indifferent. I am the first to admit that my own TA is still in its infancy, but I do spend time on expanding my knowledge (hopefully in the right direction!).

Rather than having to ask a TA question on a particular thread, perhaps this thread could be used as a forum for TA queries and become a knowledge base. Just a thought, if there is little or no interest, the thread will sink without trace and that will be the end of that. I will personally add a few snippets to help those with less knowledge (if that's possible) to keep things rolling. There is a danger that the thread will receive countless requests for opinions on a variety of stocks and there is only so much I can do alone, therefore I would more than welcome input from other posters, no matter how rudimentary they believe their own knowledge to be, hopefully some real experts will take the time to contribute.

there's already one (of mine) on the COH site, against which i have also commented

Thank you but as you know its all lines and squiggles to me---what does it conclude please.

read the comment that attached ..... it's in simple straightforward English!

Sorry cynic but I CANT SEE IT where is what post number please.

go to COH thread
if you didn't clutter up everywhere with your incessant ramblings, you might have found it quicker.
the chart is in the header.
my comments were posts 1721 and 1723 with your own at 1722!

the black line is 200 dma, red = 25 dma and green = 50 dma

200 dma should provide some support, and failing that 25+50 dma converge at 38p at should give considerably more support ...... only if sp fell through that level with some impetus would i be worried (if i was a holder!)

DOW
Index is now +180 on the day at 13760, which i think is too far too fast, even though ultimate target is now 14440.
Have taken my life in my hands (not really) and opened a modest short.

Hope you had a stop in place Cynic! Will be interesting to see how London reacts tomorrow.

Interesting thread - although I don't use indicators such as RSI, all my trades are TA based. Interesting to see how other rules/systems work.

Steve

no i didn't, but no real harm done and may well let it run ..... cannot believe Dow jumped 283, but there you go

Thank you cynic--how could I have missed that.

10B - trust it made sense, even if you may not agree with the conclusion

yes it did, just finished mulling through it--thank you.

You may be right and I sincerely hope you are for those in COH as no one likes to see the punter lose.

But I sill do not find any substance in COH and the latest thingy with Snack Attack further clouds the issue.

Would post the chart if I could so since I can't would one of you kind gentlemen look at the rsi chart on EMG I think it shows a failour swing. SP went up 24 today so would I be correct in saying time to buy??? You did say I could ask questions. No rush on reply just practising!

Time for the evening updates following COP, I'll start with SCHE one of Cynic's fave stocks :)



SCHE had a reasonable run today, but as I stated the SP would run into a block, namely the lower trendline of the channel (pinkish lines) and it did The RSI is in a downtrend indicating at the very least consolidation if not a reversal. However, there is some further scope for a rise in the SP before it bumps into the resistance line, in which case I would expect the lower of the three trendlines to provide additional resistance. What is absolutely startling and this is for the MACD bearish, bullish divergence afficionados is the very strong bearish divergence. By which I mean the SP is going up but the MACD is making lower highs and not just slightly lower highs but significantly lower highs. From a TA perspective this stock is screaming SHORT. Will the TA be preoven correct? We should find out soon. Short from 560p.

Please DYOR, all TA is but my opinion only.

pth

WNG had a very good day and the RSI seems to have managed a failure swing but it's not a text book move and I am always suspicious of a substantial move following a write up in a mag. I'm going to wait until the SP lifts the RSI above its resistance before suggesting a confirmed Buy. It might mean missing out on a fair few points but after the results debacle, better safe than sorry. Not really convinced about this company at the moment.

pth

TAN had another go at 200p today and once more fell back but still in the steeper channel. I guess the question is, is there enough oomph left in this move to see 200p broken? Hard to say after today's move on the DOW which may drag our own market along tomorrow, but I still think that there is a chance of a fall back to 180p-185p. RSI resistance to break and MACD turning down, could be time to take a rest.

pth

Coffee Heaven



Must say I don't like this chart at the moment. The three trendlines are all longer term drawn from the same point of origin. I did think for a while that if the SP did manage to breach the steeper line, then 50p would be a reasonable target once more. But as you cans see from the circled area it failed to do so after three attempts and is now falling back. Since the failure both the RSI and MACD have turned down and the trick now is to find out where support lies. FWIW I think the SP will slide down the previous downtrend (not exactly of course) until it meets the lower uptrend, somewhere in the region of 34p.

pth

Thank you for that, good work, we seemed to have formed, more or less, the same conclusions from a different approach.

Goes to show how through these BBs we can educated each and all to different stock analysis methods.

My only concern for you now is that you too may come under attack for expressing views on COH thatcertain people do not want to hear.

Have a really nice day.

There you go again.

My only concern for you now is that you too may come under attack for expressing views on COH thatcertain people do not want to hear.

Couldn't resist it could you.

trigger I could not as its true, there are those here only interested in their own ramping ways. And this is simply not fiar on other seeking guidnace.

Some person was claim a 1 for COH in a year, how much more misleading that than unqualified nonsense can you get.

Get it right now trigger, I have no axe to grind about COH or any other company----just dont set out to ramp shares with an adgenda to solely protect your own position----thats not cricket SIR

10B+45 - if the pair of you want to bicker (and it takes 2 to tango), the please go to the COH board or elsewhere entirely

PT - confess i am very nearly tempted to take your advice on SCHE or at least take full profits with a view to buy back later ...... i shall certainly watch sp even more carefully than usual as it currently stands at about 555 mid