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
in today's Daily mail
'Mecom shares jumped 19p to 215p as Collins Stewart analyst Simon Davies upgraded his rating on the European newspaper group to buy. He believes the shares look 'extraordinarily undervalued'
Morning GF
Latest thread for this one dates back to 2004. Interesting chart (7 year posted below) last october reached 280.0 for the first time since 2006, prior to that went to a new low december 2009 and just failed to break 290.0 last month. Worth a wee punt, opened a spread bet long on Tuesday @ 277.5 initial target 300.0 tight stop. If it fails history may well repeat itself, so could turn out to be a good short, for now trend hopefully will be my friend etc etc so long for now.
At last after 3 weeks got my charting gear and problem sorted out. Right first up PRTY will we get a bounce on the chart from the recent weakness. Im hoping so and had a few earlier today, thats a fairly established resistance/support line so law of averages says after a while it will be broken.