A thread created for the TA of charts on the LSE markets. (aim and plus included)
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KBC ADV. TEC

Certainly bullish from a TA perspective with a breakout through the ceiling of the uptrend channel in place..........

Another chart from Investtech the suppliers of TA to the Banks and large Institutions.

This time the LONG TERM chart, previously we had the short term and medium term chart.


Positive Candidate -Long term, Oct 11, 2010 Analysis Explanation

ITM POWER has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. Has given positive signal from a double bottom formation by a break up through the resistance at 36.60. Further rise to 59.69 or more is signaled. The stock has broken up through the resistance at pence 36.00. This predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the stock. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The stock is overall assessed as technically positive for the long term.



Period Vol.bal. Volatility Liquidity +/- %
1 day - 5.67% 73.52 -2.44%
5 days -81.33 17.47% 57.29 +9.59%
22 days 28.82 47.61% 23.62 +39.62%
66 days 25.50 98.29% 10.01 +28.91%

re-ITM 40p - 0.50p

It would be good to see a chart of recently not something it happened one week ago

Never heard of a weekly chart??????????????????????????????????????????

Some traders swear by them.

gf :)

TSW chart starting to look very bullish.



Longer term looking to take out the support/resistance at around 93p.

I mentioned these on Monday.

Quicky one worth having a look at Renold RNO, break away gap and a lot of momentum behind it at the moment........

Was just having a look at AG Barr. Decent looking uptrend, recently corrected down to 50 day EMA.

looks like a good enty point for spirent SPT

Just been trawling through Sharescope and seem to have noticed something I hadn't realised before.

The 'Dead Cross' has historically proven to be powerful bearish indicator and I mean the 50MA crossing the 200MA whilst both are heading South (not shorter term MAs). But by definition by the time this occurs the SP is already signficantly oversold and perhaps due a bounce. I found a few stocks today and wasn't looking especially hard where a Dead Cross is evident, however the SP has recovered, burning any shorters whilst doing so. What is interesting is that the recovery is checked by the 50MA or in the vicinity of, before the SP recommences the downward path. Perhaps the secret of this indicator is wait for the recovery and then short away?

Interesting point PJH.

Can you actually screen for this occurence with sharescope. Ive never had the software but thought about purchasing it or getting a free trial first.

Your thoughts appreciated.

cheers Gf.

Interesting point PTH. I think moving averages are by definition lagging indicators so by the time you see the 50 cross under the 200 a down trend could be well under way. Also they can act as areas of support or resistance. Exponential MA's react a bit faster as they give a greater weighting to recent price action.

I've never used Sharescope but with most of the packages as long as you can can describe (in code) what conditions you are looking for you can screen for them. For example with the freebie package ProRealTime easy stuff like MA crossovers are included in the example screeners they provide. Simple custom screens - say you wanted to search for stocks where stochastic had just crossed above the 20 line AND the MACD was above the signal line - can be done with point and click. More complex stuff, e.g. screens combining multiple timeframes, would need a knowledge of the programming language (it mostly looks fairly easy).

cheers jonuk.

Can you actually screen for a LIST at the end of the day say where all MACD have passed over the signal line and are still below 0 Zero?.

Sportingbet (SBT)

Maybe worth a look.

Tipped by IC Oct 6th as a buy. Since fallen back from 81.5 p to 66.5p

Latest results were good and their problem with USA seems to have been settled.

However, there has been some fairly large sales (just after I bought) by directors.

I think this is responsible for a drop in Share price due to overhang.

Looking at charts I think (hope) it has bottomed out and is I think developing a bullish gravestone doji and is

Anyway worth keeping and eye on, or taking the plunge with a close stop at 65.18p and another at your own choice.

There is a small div.2.25%yield
BUT DYOH

Latest Results Final Interim Period End Date 31/07/10 30/04/10 Pretax Income (�m) 6.90 9.80 EPS (p) -3.9 1.9 Broker Consensus Earnings (p) FY1 31/07/11 6.59 FY2 31/07/12 7.39 FY3 31/07/13 8.09 FY4 31/07/14 8.95

GF, yes that's no problem. I just made a screener to do that quickly. Note I've limited the results below to the programs "UK300" list which is the top 300 LSE companies. If you just choose the entire LSE (which you can do) it comes up with all sorts of stuff in the results like warrants and ETF's. It would be nice if you could choose more logical lists e.g. FTSE350, FTSE Small Cap etc, but unfortunately not.

GF / Jonuk

I believe you can set SS to datamine by any criteria, problem is I don't have a clue how to do it! I just flick through charts one by one looking for interesting set ups and go from there. I have a SS datamining tuition CD somewhere, perhaps I'll get off me arse and dig it out.

Incidentally, I would imagine the same criteria would probably be relevant for the Golden Cross, however, I haven't looked.

Cheers chaps very interesting.

been trialling out software from prorealtime which looks very similar to your chart jonuk

http://www.prorealtime.com/en/

pth, I used to user Sharescope and I'm sure it was very powerful, but it was never very intuitive, so I gave up. I just ran through the charts (which was very easy) also looking for interesting setups. I'll give the free eod prorealtime a try - looks very good.

If anyone's interested I have the full set of Sharescope training CDs which I never got round to looking at properly.