A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts plus FX can also to be included in posters analysis.
Like a lot of stocks, Sage (SGE) looks as though it is being range traded. On the way down on these sojourns things do drop rapidly. Could another big drop be just about to happen?
Get it right and I'll buy you a drink. Get it wrong and you can stand my losses.
Deal?
I would agree that the long term trend has shown upward movement but this appears to have stalled a while ago. During these last few months it is on a long downward trend, albeit with range trading. Notice on 'the downs' how they are more rapid than 'the ups' and it is these movements in particular, which tell me the next stage is likely to be yet another down.
But who am I?
Very risky either way, IMHO.
:-)
I regard this stock as being a bit of a Buffet stock. I've used Sage accountancy products myself and think they are brilliant. I would like to own the whole damn company.
All sorts of cliches spring to mind Exec 'Trend is your friend' etc. At mo trading it, 400p is resistance at mo, odds are if it can't get through it will go down but like you wtfdik :0)