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Do you see WIN tightening the downfall soon? to me it's evening out ready for a large break upwards but past month or two has been floating around - needs to sting like a bee and get back up to where it belongs http://www.youtube.com/watch?v=DFg0SC9hqeU. Are you the current champ in the comp?
grays is right about lloy, his scenario is very possible, 60p wont turn into huge resistance as we wont stay in the 50-60p range for long and we will fastly recover back to 60p perhaps in less than a week maybe 2-3 trade sessions even. The big sharks will jump in big time at those levels and will lift the price up quickly. Btw my bottom would be 52-54p of course depending on the timeline so from those levels 10% down is noth a big deal. I still have my tranche at 61.28 and i will top up on the way down with 58.5p next top and possibly last one at the bottom of the channel, whenever that comes (think 52-54).
see why i dont trade indices? My prediction of 50 pips up turned to be almost the same amount but on the negative side :) Btw, there are talks that once middle east ease, dow and ftse will skyrocket, i am talking about 5-10%, so i do believe the correction will continue now, bank sector was down 1% today and should continue the correction together with the ftse.
welcome to our small but powerfull community :) true chartists prevail here but we have strong fundamental type of traders as netley.
SBT (am in), TNI, CTH (if it breaks 220), AFE (have long term holding) hoping for break in support and add more funds below 11p, BVIC (still a while to go down before 'it's worth it!'). Anyone got a few tips? what does the RIZLA say netley?
If it goes below 50p then I will take a position and hopefully escape around 75s but with the JPR results today it was always going to be pulled down imo. Saying that, ITV has increased their advertising revenue so as long as the web newsread numbers go up the advertisers will follow. Any thoughts folks?
No I put my money elsewhere other than average down on PRTY so still losing currently here but to me we are neither here nor ther and a trend hasn't shown itself strongly enough for me to splash the cash. Here's another rubbish chart http://img5.imageshack.us/f/prtyk.jpg/. Got too much tied up at the minute to be spending it on murky movements. Did you get into TNI?
hope all is well with the board?. Where to begin...well got my meagre rationings from PYC after a bit of negotiation and so sold for a small profit and slammed that money into HOIL Monday at 284. Been waiting each day to break one ceiling at a time but by the looks http://img855.imageshack.us/f/hoil.jpg/ I would say when it reaches 325 I will have to exit as the momentum should level out around there so 10% profit could be my limit.
Cheers mate, if only it jumps from 50p to over 100p like it did in July 2009, lol, still waiting on sidelines ready to jump in soon.
next stop 50p as i said earlier. http://img28.imageshack.us/img28/4495/tni.png
So this is where all the chartists are hiding, LOL. Ive been looking at TNI since it spiked to the 80's recently then dropped after a not so bad RNS came out. Was initially going to buy in at high 60's but held back, glad I did. Now keeping an eye on it, as I cannot rule out this going to high 40's before a rise, dont now how you guys see it....
Tni is not pretty eh? next stop 50p. limit order set! on the up side HOIL going loverley! lets see if the end of week shananigans in saudi dampens things. oh! and COYS!!!!!
looking for a bounce of 5875. bounced of this support line 3 times in the last month which will then give us a boost up - http://img819.imageshack.us/img819/4941/ftse.jpg
PRTY has some support at 175 and if that doesnt hold then i see 168 as next support although the chart does look bearish to me. the only hope here is it finished on a doji so there is some indecision although i favour a further down trend to continue. bit of a carcrash out there today although my stocks have held their ground apart from TNI. TNI is now very oversold with the stoch looking ready to kiss so fingers crossed it will reverse its trend, god i hope so as its starting to look ugly :( retailers M&S & DEB are either starting to turn or a small sucker rally before the next leg down to major support levels. been in meetings all day and missed HOIL, how gutted am I
true, still party got stopped today by the 20EMA, if closes below, another 5-6p down will come in 1-2 days for sure, then below 170 for sure.
cut losses with this rubbish, cant see this having so much as a blue day any time soon. No doubt another little 1/2 % down again tomorrow.
in regards to lloy, triple bottom was up until 3 days ago, btw what i comeback today for lloy, got my stop loss removed there though, and TNI .. bought in the morning as i saw it stood well but still i am not selling. As long as we close above 61.06p i am ok with lloy, closing below i would be worried.
waiting now for 49/50 on TNI, then hope its the bottom, will then try and trade out of it with clean nose.I'm not convncd we'll see 60's for a while now. I'm with Arkk on lloy, one misguided buy at 65,20,ooo shares at 61 and buys set for 58 and 56 for 20,000 each. if it never comes it never comes, but to take a positive from Graysland, i'm confident in medium turn i will see a good return. If Ta guys see better buy ins post 60, let me know.
uhhh if we all sell our TNIs we should get an even better price.
Yes you are correct and one of the reasons 50p cant be ruled out completely but that could take along time and as you say may never be hit. It is just a target (with some support to it aswell) that i think many bears will be happy to take profits at, and cautious bulls (like me to be honest) would be happy to buy in at , in line with that descending channel. Impossibe? Well personally i dont think so, especially when you add that to the fact that if 60p is broken (perhaps combined with some major world economic event or FTSE drop) that soooo many stop losses would kick in, that it isn't impossile to see a very quick spike down of 10% on the share price within a day or three.....thus hitting that bottom channel perfectly before recovering. However, i have always said that anyone who buys around now and doubles up if it does hit 55p will always see a profit at the end of the day anyway.I also have been tempted to do that on occasion recently but have resisted mainly because of concentrating on stocks with bigger swings at the moment and trying to put it to better use elsewhere. Anyay, gotta go and have a good day mate.
well said mate. there is no more tripple bottoms. . . its just a resistance line that is getting weaker and weaker everyday. but as i said before, if your 55p prediction is based on the declining trendline support being hit then by the time we get there the line would be much lower than 55. if you are predicting 55 based on it being a strong resistance level in general then i think we have plentry of strong resistance levels between 55-60. which is why am finding it difficult to just sit and wait for 55ish as there is a high chance of missing the boat.
Forgive me. Just one last comment on LLOY. Although Ivaylo is bullish short term FTSE I am bearish. Not overly bothered about an extra 100points or so but more concerned about a possible 500 point drop instead. It just looks like a topping formation to me before it gives up the ghost. As for LLOY i do obviously have to keep that in the back of my mind. http://img683.imageshack.us/i/lloy4.png/ As for this anticipated triple bottom (more uncommon than most think) i just dont see it. In fact it has hit it now FOUR times according to my chart and in my experience the more times it hits support the more chance that one day it will break. Lack of volume if it was a triple bottom should be very concerning and share price should have been bought up by now. I'm not saying that LLOY wont go up short term but nothing to do with a triple bottom in my opinion but something else playing out. Finished smack on a short term decending trendline yesterday, so any kind of positive day today will negate that aswell. Technical indicators clearly closer to oversold to overbought but enough room for a move down,but what you dont want to see is a sideways to slightly higher share price whilst the indicators reset themselves, otherwise that almost guarentees the next move will be down and the longer term channel targeting 55p-54p is still on the cards. SirBoB - Not trying to p$ss in your parade just a point of view on the whole debate .Im still confident we will see 55p before we see 80p.......but i'm not invested yet so it's easier for me to say these things, but looking for a nice entry price. Ps Another nice start from HAWK but CHL reeeaallly starting to pee me off now. lol !!!! Wont be around today, so hope you all have a good day and i'l catch up with you tomorrow.
hey mate, am bullish about the indices too. opened another long on the DOW this morning and hoping for a blue day for the rest of my longs. not happy with TNI but planing to hold until may-june.
am i allowed to enter the competition with yesterday's buy in lloyds?