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.
Wouldnt say it was red lights on this bull market yet maybe amber. Having said that.....
Going to start adding a few shorts to the folio now. Gone short on BRBY this afternoon doesnt look like breakout is sustainable and they flog a lot of gear in Japan, so that cant help.
Best type of stocks are the PI punter favourites ones tipped in tip sheets where all the lemmings are following each other and the domino effect gives you a quick return.
Cockneys Den epic CR on advfn is a good place to start.
that said, the initial downside is only small at say 17525 or thereabouts, but then it starts to fall away rather more sharply ... or at least that's what i am told, for i shan't boast of prowess which i do not possess
Well there is an up trend channel (floor more or less runs with 200 day EMA) and SP looks to be banging on the ceiling. A movement to the base of the ceiling or SP drop fails at 25 day or 50 day EMA?????.