A thread created for the TA of charts on the LSE markets. (aim and plus included)
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RESOURCES

http://blog.tradersdaytrading.com/ http://stockcharts.com/school/doku.php?id=chart_school http://www.cantos.com/charts/masterclass http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html http://bigcharts.marketwatch.com/ http://www.stockmarket-coach.com/index.html http://www.trade2win.com/knowledge/equities/ http://www.financial-spread-betting.com/

CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

MOMENTUM http://www.onlinetradingconcepts.com/TechnicalAnalysis/Momentum.html ADX http://stockcharts.com/school/doku.php?st=adx&id=chart_school:technical_indicators:average_directional_

BEARISH TRENDING CHARTS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

12 WEEK HIGHS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

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From Investtech the TA experts this morning commentating on CLF......

Positive candidate

Positive signal: Moving average.

CLUFF GOLD PLC has broken up from an approximate horizontal trend. This signals a continued strong development, and the stock now meets support on possible reactions down towards the ceiling of the trend channel. It also gave positive signal from a rectangle formation at the break up through the resistance at 113. Further rise to 130 or more is signaled. Has also received a positive signal from the moving average indicator, thus signaling a continued rise. The stock has broken up through the resistance at pence 118. This predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend break. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The stock is overall assessed as technically positive for the medium long term.

Medium term: Positive candidate

Currently trading on a P/E of around 11 where as in the past the historical P/E is around 17 to 18 so we have a fair way to go and the stock is way undervalued imo.

Heres Brokers SP targets going back to December......

Date Broker name New Price Old price target New price target Broker change

02-Mar-11 Panmure Gordon Buy 558.00p 750.00p - Reiteration
11-Feb-11 Seymour Pierce Buy 571.00p 670.00p - Reiteration
02-Feb-11 Arden Partners Buy 567.00p - - Reiteration
25-Jan-11 Seymour Pierce Buy 579.00p 670.00p - Reiteration
21-Jan-11 Panmure Gordon Buy 560.00p 750.00p - Reiteration
11-Jan-11 Arden Partners Buy 590.00p - - Reiteration
10-Jan-11 Panmure Gordon Buy 570.50p 750.00p - Reiteration
02-Dec-10 Royal Bank of Scotland Buy 550.50p - 620.00p New Coverage

Some pretty impressive targets their.

DEALTALK-UK's Costain likely target of Turkey's Renaissance
03 Mar 2011 - 16:42

(For more Reuters DealTalks, click [DEALTALK/]

* Renaissance revealed early talks with a British builder

* Analysts highlight Costain, with 150 mln stg market cap

* Renaissance eyeing growth in Middle East and Russia

* Interserve overtook Costain in race to buy Mouchel


By Lorraine Turner and Evrim Ergin

LONDON/ISTANBUL, March 3 (Reuters) - Britain's Costain Group Plc is the likely target of Renaissance Construction, as the Turkish building group seeks a partner with deep roots in high-potential markets.

Board chairman Erman Ilicak said last month that Renaissance, one of Turkey's three largest construction groups, was in early-stage talks to take a controlling stake in an unnamed, 140-year-old British company.

Ilicak told reporters the potential target specialised in building nuclear plants, railways and water networks and had annual revenue of 1.5 billion euros. [ID:nLDE7191H2]

The detailed description, analysts say, points squarely at Costain: "It's difficult to come up with too many more suggestions (other than Costain)," said Panmure Gordon analyst Andy Brown.

Costain's bid to buy Mouchel failed recently, after the struggling support services firm struck an alternative deal with Interserve Plc . [ID:nLDE71O0TY]

Brown said the "bid shadow" of Renaissance could also explain Costain's reluctance to go hostile in its pursuit of Mouchel.

One wrinkle, however, is a gap in valuation: Costain's market value is about 150 million pounds ($245 million), compared with a 300 million euro ($417 million) value cited by Ilicak.

Even adding a typical takeover premium of about 30 to 40 percent, Costain's equity value would be some way below that. In "enterprise value" terms, the gap is even bigger, since as of November Costain had more than 100 million pounds in cash.

"Everything points to Costain except the valuation," said Robin Hardy, an analyst at Peel Hunt, saying it would be a "fairly punchy" deal.

But he added: "You never know what view somebody takes from what they think they can add, by combining their business with an existing business, or what they think they might be able to leverage out of it."

If Renaissance succeeds, it would be one of the biggest takeovers in Western Europe ever by a Turkish firm, according to Thomson Reuters data. Turkish buyers have only struck seven takeovers in Western Europe worth more than $100 million, the data show.

Costain declined to comment, as did its two major shareholders, Kuwait's Al Kharafi and UEM Builders, a unit of Malalysia's UEM Group, which each have stakes of about 22 percent.

Investors Inteligence morning read tipped French Connection...

http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=59494

Investors Inteligence tip this morning.......

We open a short-term long in French Connection, on its recent uptrend reassertion.

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GF,

As you are trading using charts and a fundamentals, what methods are you using for setting stop losses?

Do you set trailing stop losses when in profit?


Just interested.

I find it difficult to set useful levels, especially with shares with large Stop losses and no avoid such stocks.

Wonder what price they took for FCCN? It's only up a little now the day's moved on.

STJ looking strong this morning.

Possible bounce at support for Dunelm (DNLM)?



Big Yellow Group looks fairly positive, making a series of higher lows since last June. Has just crossed above the 200 day MA. The sector (Real Estate) in general has recently turned more positive too.

Fred, charts to find positions and check fundies also to make sure safe, beta 1 or less.. Got a system set up thats delivered 27 out of 29 winners over last month or so.

Use trailing stop losses yes. But dont place stop losses on overnight. on new positions, too many spikes at the moment.

Finally after 30 years plus Ive come to decision that they dont really work especially with IG index. cant think in 3 years ive had one that hasnt gapped down through it.

Fccn bloody strange SP action here, buys far outweigh sells wondering if we have a fund dumping in background. Results soon so should regather itself. Still way way up on profit but todays action takes a little shine off.

If anyboby want s a copy of the 'Kipper System' let me know and provide one of those freebie e- mails Ill get it to you this weekend. Got a forum set up with chaps on twitter based around it.

http://twitter.com/#!/MrKipper1

Latest from Reuters

http://uk.reuters.com/article/2011/03/04/markets-uk-stocksnews-idUKLDE6950JA20110304

Looks like its on chaps.

GF,

Thanks.

I have been playing with various methods of Stop losses for about 15years.

Very difficult to get it right.

Spikes are difficult and feel a bit fed up with CMC at the moment.

Probably will initially use stop loss based on intra-day ranges and trailing when in profit.

But the market is a little jittery at the moment.

Fred have U tried IG ?.

Use ATR on your chart by the way Fred. Been using it now for last 2 .6 years and its been worth while. Points out spikes and volatility. Will never stop using it.

Realy worth getting to know it and use it. Chart school above in header is a good read on the subject. You might already know that, no patronising from me, just glad to help anyone.

Think u ought to join twiiter Fred, the new way forward I reckon. Use your PC I dont have fancy a phone in fact I dont have a phone at all. You get news within seconds not 30 mins, and it can mean a big difference as you will know. Sign up here on my tweet..... all the top knobs speaking, even Warren Buffet ,first PI account in Britain to achieve this.

http://twitter.com/#!/MrKipper1

GF,

Thanks.

But, sometimes, I have difficulty with communicating with my wife and adding twitter to my list is frightening to me.

I occasionally use Skype and now that the Kids (daughters 43, 44, 45, 48) can see me when we speak I am even more fearful. (As you may have noticed.)

Anyway, have a pleasant weekend.

PS.

Sharescope has ATR and it is possible to use daily chart and moving average of greater ranges.

But, spiking is a problem and overnight Stop losses run into problems. I suppose Guaranteed Stop losses would protect a little.

Another way is to have smaller commitment to a particular entity, with larger basket of a similar range of shares.

FCCN - why would you be puzzled by weakness in ANY mid-range fashion retail stock? .... try using eyes rather than charts by going down your own local high street or into somewhere like westfield ...... how many mt shops or leases for sale? .... how many shops still have sales going on? ...... how many people are there walking around with non-food carrier bags?

I thought that when I bought them at 75p and then sold for a small loss because the upward movement hadn't happened.......

But I think the easy profit in them has been made - I'd be very wary of buying them now.