tonyjackson
- 09 Sep 2003 09:37
Having broken through previous resistance at 244.5 (21/05/02) there is nothing to stop logica hitting the previous congestion area 306/336 which only lasted a week at the start of May 2002.That in turn was only a fortnight after they fell off a cliff from 413.5 on 16/04/02 to 222 on 17/05/02.Dyor,nag of course,but I am long again from 262.5,having closed too early at 243 last week.I wish I knew how to paste charts but if anybody can paste the two year chart you will see there is very little resistance about now.
tonyjackson
- 09 Sep 2003 10:37
- 2 of 4
I chickened out this morning and sold at 269,but hope to get in again.Finding it very hard to change my mentality to long term,from day trading.Still stand by the analysis though.
tonyjackson
- 09 Sep 2003 14:31
- 4 of 4
Cheers skinny,glad I closed out.Not sure whether it was just profit taking like myself.The Nokia announcement of 10.00 a.m this morning will have been significant.