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Hi They are the week commencing dates . Have a look at a weekly chart and you will see the high on 17th June 433.5 and the low on 8th July-197.6 . We are now in between. Hope this helps you
ok may explain, quiet day today, low volume....happy with a blue day though
Mr B, i am using day closes, so not intraday levels of any sort
Wyndrum, respect your point of view, tech analysis is totally objective, I see your 335 Jan 15 high, 320 is the 26/27 may lows, and 350 is the 15 June low on my charts. Time frames are also very important, for me longer timeframes 4h, daily show the best demand levels, and resistance/support, this will be where the bigger players are looking at, they are not interested in 5min 30min 1h, thats just noise. If you are a medium/long term investor its the longer term time frames you need to look at. Thats just my opinion, made alot of mistakes worrying about smaller timeframes in the past, however if your a daytrader etc, look at the daily to get a longer term prospective, time entries with smaller times frames, BOO for me is not for day trading.
Is 450 unrealistic by results time? Any charts (or crystal balls) show that as a possibility.
Thinkat, im lost, 433.5 on the 14th June....that was a sunday? 5th July was also a sunday.
There was a high of 433.5 on 14th June. The low was 197.6 on 5th July. Looking at this timescale (there are others) we are about midway between the 2 levels. Look up Fibonacci on Investopedia. We are at about 50% which is one of the usual levels to consider. You can also look at candles, macd, bollinger bands etc. We need to go up !
Major, if you had said anytime today then, the sticking point would be 322p. hence I needed to know your time frame
Well yes, Buff, that's exactly what could happen the SP could... wait for it... ACTUALLY FALL!!! although reading most posts that seems not improbable but impossible.
All charts do is try and predict likely outcomes. I think the SP will carry on in a zig-zag way to a 335p where, from there it will fall back or go up further. If it went through 335p I would expect a fair amount of buying a s a resistance point is breached.
If you really wanted to use Charts to time your entry it should have been around 287-290p, now that's passed you would wait to see what happens at 335p. The argument being better to miss out on potential profit from here (320p) to 335p because it could fall back to 285p again (but as I have said I don't think it will), then to wait to get in at ,in theory, with less risk of loss at say, 236/237p with a tight stop loss of 233p. All charts are, are an odds game. It just tries to limit losses and maximise gains rather then be in any way, absolute in its predictions.
Thanks for the input wyndrum.
Although I still don't understand how time frame effects the next sticking point, lol.
Wyndrum
So your saying it might go down but might go up. Lol I jest.
I bet it will be much higher than this on the build up to results. What it will do on the day is anyones guess.
Well Major, now we have time frame of a few days, That was not so hard was it?
The next resistance for the coming days and weeks is imo, 335p and the support 285p.
In between is noise. The strength and momentum of the recent rise suggests that 285p is not going to be revisited. Therefore it looks as though the SP will continue to rise until 335p. At that stage I would expect a bit of to-ing and fro-ing, and it may fall from there, but who knows, it might just power through and go to 365p.
Mr B, where do you get 350p from and also this level here? (You are looking at boo's chart aren't you?)
I'm not sure i understand your question. I'm not sure how the next price sticking point relates to a time frame.
I'm working out the best time to sell some other investments to buy more boo. I thought this was a sticking point and didn't want to sell now if boo is sticking around 325 for a few days.
whats your time frame?
This level and then 350 Major
What price is the next sticking point coming?