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 plus FX can also to be included in posters analysis.
IQE.......Support ot no support?. Ive taken a long trade on, forward P/E is just 8 for a tech company. Looks like inventory problem they had last year sorted.
Seemingly a lot are shorting so if results due soonish are OK could be a good investment/trade. Speculative so ive halved my usual trade size. Fingers crossed.
Yep love that wide channel skinny. Not often you get them that wide. Plenty of room for manouvere and getting on board for the patient. Think Ill be going long.
Any view on ABG African Barrick Gold for a bottom? At the current sp I make yield around 5.6% with over 2x cover. Note that the sp has fallen some 77% in the last 12 months.
Markets have been taking news flow with a pinch of salt lately so I'm trading this off charts alone and have taken a small position in both ABG and AVI this morning.