CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
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
Greggs recently dipped under the 200 day MA (green line) and has now broken an uptrend support. Interim results due on Tuesday. Possible worries around rising raw material costs? Wheat in particular but also other grains have risen strongly over the last couple of months.
GSK forming an inverse H&S pattern (bullish) as well as positive divergence on MACD & RSI. The pattern, if a breakout occurs, will target a move of about 130p upwards from the point of the break of the neckline (blue trend line).