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Saved here for future presentations.....

Dont like that last candle on VOD skinny.

Turning point??.

Could be - they are ex dividend on the 2nd. (Wednesday)

goldfinger

We may see a new low but this is not really the territory of a head and shoulders collapse
(dont really like your right shoulder anyway)

Was only the messenger on that one camelot.

I bow to your superior knowledge.

cheers.

my mistake

when I posted that, I hadnt realised your post was several days old

meanwhile - rally on

Volex VLX broken out and going on a run......

Ashtead Group AHT looks like its got a lot of momentum behind it in a nice uptrend channel.



Fairly recent broker Buy Note out aswell with a 160p target.....

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

28-Apr-10 UBS Buy 120.60p 120.00p 160.00p Reiteration

Might be worth a trading buy on Bovis Homes BVS. Lower indicators turning positive, housing recovery going on and market up today.

Anyone know much about the "broadening top" chart formation? It appears to be what the FTSE100 is forming. According to the this http://thepatternsite.com/bt.html a downward breakout from the pattern could target a move of around 345 points. However it also notes the pattern failure rate is high. Also note a bullish divergence on the RSI, which indicates downward momentum is slowing.

Back to top.

jonuk
"However it also notes the pattern failure rate is high."

even if the market was to fall 300+ pts from your low, how would you trade it ?

its not enough to cause a complete sell off of your portfolio

and there is no trigger in the pattern to indicate where a top may be on the current rally to start day trading it short for the 300+

FTSE internals are also saying we are still oversold

Its a difficult one. Ways to trade it could include buying at a test of the low with a stop underneath (betting on a failure), shorting a breakdown or shorting if it makes it back to the top of the pattern. That could be some way off, but something like that maybe could play out. Resource investor - is this the ending phase?

No there is no trigger on a top on the current upward move in the pattern, other than the pattern top itself. I would have thought for short term swing traders selling rallies seems the better risk reward option than buying dips for the time being. Taking out some resistance (e.g. 5250), regaining the 200 day MA would paint a more bullish picture I think.

Brit Insurance (BRE.L) just completed a breakout of a symmetrical triangle pattern which had been forming over the last 18 months or so.

wakey wakey - they've just had a t/o approach so what do you expect?

Yes, values the company at 10 a share doesn't it, with Brit management wanting a better offer?

Hays at just off a horizontal support level and appears to be trading in a sideways range, will it head back to have another go at resistance at 118p..

Nestor Health Care NSR

Chart looks pretty mean to me.....