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

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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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I'm short HFD again.

Did look dogish today didnt it skinny.

Not so sure though. Surely auto centres after snow will have done a bomb and wont people be bodging up their cars rather than buying new ones this year./

The chart says down my head says up, so im not sure.

goldfinger - I'm looking for @400 and out above 460 - interim statement this month I believe.

Yep.

HFD off to a flyer for you skinny, well done.

Investtech bullish on IMG

Heres the summary this morning.......

Positive Candidate -Medium term, Jan 5, 2011 Analysis Explanation

IMAGINATION TECHNOLOGIES GROUP shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has also broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at pence 277 and resistance at pence 440. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. RSI diverges negatively against the price, which indicates a danger for a reaction down. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The stock is overall assessed as technically positive for the medium long term.



Period Vol.bal. Volatility Liquidity +/- %
1 day - 2.35% 221.83 +4.35%
5 days 87.38 8.50% 119.34 +5.00%
22 days 21.65 22.25% 206.77 +3.05%
66 days -9.50 43.47% 198.36 +2.53%

No actual thread on this one, opened a spreadbet on 30th November @ 205.0
Not a bad trading statement today and broker upgrades with targets ranging from 240.0 to 250.0
Bought with a view to the down turn and if people get sick of staying in and eating Dominos Pizza a trip to the cinema is good escapism from the doom and gloom. Steady riser since last March.

Help/Advice please .....

MTO has had a great run and I took profits on Wednesday @ 240.0 (posted on thread) As regards TA I am very much a novice, am I right in thinking when 50DMA goes above 200DMA this is a golden cross and therefore bullish? How does this work exactly? RSI well over bought low volume sp miles away from MA's looks a sell to me. Really should have waited to see how it develops but rightly or wrongly (greed), jumped in and cancelled a sell order and initiated a buy order which was triggered @ 242.2. Can anyone advise please.

Look at the resistance at 240. That will overcome any golden crosses - for now anyway. Need to see a good break up on reasonable volume I'd say. MAs are very much trailing indicators.

SC - agree re the volume.

Morning Chris,

think if you asked 5 chartists youd get 5 different answers. Had both of your stocks on my hot list for a while now.

Myself I would be looking at just how far the SP has drifted away from the MA line and wondering if it were due to revert to mean and drift back, there does seem to be one big gap their.

But most of all I use the MACD oscilator before any other or anything else, and it appears to me we are looking at the MACD ready to drop back through the signal line which would be negative although we arent at that point JUST yet.

If you want a list of positive MACDs each day give us a PM and Ill put you onto something not many have found and which I swear by but its not to be passed around lightly.

cheers.

Markets just taken a bummer turn down, whats happened anyone?. Twas quick whilst I was posting that last post.

5 predictions from Jimmy.......

http://sharecrazy.com/beta/Tips/4686/5-predictions-for-2011

Morning GF, SC and skinny, thanks for your feedback. Gf, will send you mail by mam messenger. Cheers.

Looks like a gravestone doji on ARM

from investor inteligence.

UK Chart of the Day: 7 January 2011
Chart of the day: A counter-trend idea in ARM..
ARM Holdings soared over the past few sessions on potential sales upgrade.*

Prices jumped from 440p to a high of 535p yesterday, before pulling back sharply, leaving in its wake an extended legged candle. Such long upper tail is a sign of buying exhaustion. As such, chasing after ARM is not advised now.

In fact, a speculative short may be put on to bet on a consolidation back to 430p. The stock is currently (1) short-term oversold, (2) far from the moving average, and (3) aiming to cover the gap at 430p. Stop at 510p.

Chris, re MTO.

Golden crosses tend to be bullish signals, 50 MA crossing above 200 MA whilst both heading up. Having said that I have noticed on quite a few stocks the SP tends to gravitate towards the MAs once the signal has been completed (the most recent being NOP) before resuming the previous trend. Secret of trading the signal would therefore appear to be, wait for the retracement to the MA support, then go long. The same strategy also works quite well for the dead cross.

ptholden - Cheers, advice appreciated.

Re post 492. Fair disclosure

Another strong day here - following very closely as my larger holding is in DPL. Probably not too late to top up here...