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
St james Capital STJ previously featured is at the bottom of its horizontal trading range between about 245p/250p and its high in the range of 290p. Youl see on the chart its hit 290p on four previous occasions.
Ive opened a spread bet and going for the 290p target again.
goldfinger - What a great thread! Don't quite know how I managed to miss it for the last twelve months, spent the morning catching up. TA is brilliant, just what I need.
Not sure gf, but it looks like it's trying to break an uptrend support line to me. I've got 5500 (ish) as a possible support level, also the 200 day MA.
I like the look of prty (Partygaming) notice how its come off a double bottom at 210p and the macd line has crossed up through the trigger line with RSI at a reasonable level and volume getting heavier. SP also passed through resistance at 250p on its way to 280p first and beyond I reckon.
I like the look of BOY (bodycote)looks like a good trading set up here with a rising trend channel. Manufacturers doing well from figures yesterday aswell.
IMG (imagination tech) looking very bullish is the chart. 3 bullish hammers in the new uptrend and MACD passing through its trigger line with RSI at a favourable level. Looks to be plenty of upside technically supporting the Brokers 500p SP target today.
I like the look of the HFD (halfords) chart. should be a benificiary of car owners bodding up their own cars come next spring and the cuts bite. also should be making a lot of money out of thier auto centres and sledges with all this snowy weather.