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 can also to be included in posters analysis

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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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Good call GF - the test thread that I highlighted in post 2958 above is on the premium board - so try this one HTML page

Brill skinny just what the doc ordered. This new momentum system Im using has pulled some corkers out over the last 2 weeks. opay today yesterday.

Trying to make it even more sensitive so trying to get in on stocks nearing a 52 week top with other variables attached it is a discretionary system so I can tweak it for market conditions changing.

Mind it wouldnt last long if we went back down to the range base around 5700, then id change back to my trusty MACD system above.

Love trying out these new systems.

Worth a trade in PIC? anyone. Looks like its bouncing off former support after dissapointing earlier this week.

Oyr could be a nasty head and shoulders formation!!

I got stopped out on PIC yesterday annoyingly.

AVN, One for the watch lists..

Here we go, not a bad stock for the old MACD system.

Funnily enough was talking about this one AVN to Kully B who posts here now and again....... on monday. Was asking my opinion I said I was bullish.

Try to catch them when the lines cross over under the neutral line. (0 line)

As is now GF, but the short term trend July-Sept with those spikes suggests a short play. Waiting for around 380p resistance to be broken to confirm the buy signal.

As an aside chaps and not into charting methods myself except for support and resistance, what about market sentiment? and how do you factor that into the charting process? I'm just trying to see and to learn.

Personally Stan I move between 3 systems using the one best suited to the market at anyone time. Im on a momentum 52 week high one at the moment.

Also use a beta under 1 if possible and ATR as one of my oscilators to cut down volatility.

But dont forget Im not a pure TAer. I like to be an all rounder.

Some are pure TAers, some pure fundies.

A mix of both works for me, for others it suits them to be one or the other.

Thanks G/F, Suppose it's like most things in life, it's what works for us all at a particular time, and is all down to personal taste.

For me it depends on what I'm buying, some 70% of my portfolio is invested in high dividend paying stocks and bonds so technicals not so important. I do however like a flutter and so use technicals along with fundamentals for placing spreads for short term capital gains or losses as is sometimes the case. I'm a credit manager in the real world so don't have a system really but I don't invest in what I have either no interest in or don't understand. With technicals I tend to stick with support/resistance, momentum and the trusty old moving averages. I quite like candlesticks also. Guess then I'd fit into the all rounder category

Shortie - that's sorta my approach.

Any views?

HLD - they got about 1.3x dividend cover at 7%+ yield which looks attractive. There currently trading at a low PE some 7.6 but March 12 accounts showed a 20% decrease in net income. Sure the share looks attractive now but unless sales have picked up which I very much doubt both dividend cover and yield will slip. You have to ask yourself if halfords retail trade is really going to work and I think not. Competition online will crush their car retail segment over time, 18% down in March the segment was and I expect the trend to continue. On technicals I'd hold off, I expect 275-280p resistence will reverse the upwards trend, so my play would be a short from around 280p.

Skinny looks like resistance ahead nice chart. Must have made a few bob on that already. Upped volume today which is a good sign.

Think Ill put it in my hot watch portfolio.

Just one more push.....


CLF

Technicaly nearing a down channel
breakout through the ceiling at 90pish

Very positive.

Volume looks very perky, and some
would say overbought but these lower
indicators the oscilators can plateau
for long periods.

Looks like we're about to see a golden cross GF..

Suprised me how resilient a lot of stocks are today. I was thinking we would have a full deck of reds.

One to watch...... 24 hour rule.....