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
Thanks Jonuk76 Opened a long a while ago and was just about to close it as it's been 1 step forward 2 back and was getting fed up but will hang on for a while longer now.
GF - Might have been a bit premature in closing my short today. Chart not looking very bullish to me, whole sector got a right wellying today thanks to the BA.statement. If it doesn't bounce back tomorrow could break 340.0 and retrace to support at 320.0. Any thoughts? I have no position at mo. Cheers Chris
I'd have thought 310 was a bit tight, I'd be more inclined to go with 305, then a small intraday movement won't kick you out - I'm hoping this one has much further to go.
break-out is impressive, but will not the new gov't withdrawals of solar power subsidies (or whatever that is about) have a (significant) negative impact?
The problem with PVCS has previously been that they tend to issue statements painting a wonderful growth story based upon the number of units they've shipped, but they neglect to mention that the selling price of the units is falling and margins are being squeezed. These downward price pressures more than offset the sales growth on a per unit basis, and this only comes to light when they issue their accounts which aren't nearly as rosy as their trading statements suggest.
I'm not convinced that this forthcoming set of accounts will show anything any different. They're cash rich though and this tends to underpin the share price.