The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thats what I said, it does'nt paint a very bullish picture, and like I said the bottom line isnt flatso to me this negates the triangle, I've had that long term term line sitting there for about a year waiting to be hit and hit it will be someday, its just to close not to test it now. chavin on.
Fantastic thanks. Hope same with you. I was actually thinking of you the other day and thought i hadn't heard from you in a while, so i looked up your 'name ' last night. I see you posted that you also have the potential same price target on EMG as me. No guarantees it will get there, but i wont be touching it unless it does.
Like all chart patterns , you should only trade the CONFIRMATION of the breakout. As a descending triangle comprises of a descending diagonal trend line and a flat horizontal one, you should buy or sell the breakout of either of those. However, one thing that is absolutely unquestionable, no matter how you wish to dress it up, is that the ODDS (2/3rd's) , favour DOWNSIDE and are not 'MAINLY BULLISH!' This is just pure silly! Now that still leaves a third of the time that it will probably break UPWARDS, but at my school that is the MINORITY of occasions not MAJORITY.
I should have added thats its also not a true triagle as its had higher lows, the lowest being 19.10, so the bottom line is now around 19.50. Graysland hope all is well with you. chavin on.
Uwinsum - so this is where you're posting nowadays. lol Are we all allowed to join in. Hehe Jonc- Its probably a symmetrical triangle at best , rather than a bull pennant and wont get close to a breakout until it gets closer to 42.50p , but of course symmetrical triangles are very unpredicatable and could quite easily go either way. I must admit this is an interesting chart to watch though. Trade the breakout confirmation , whichever way it goes, is the wise money. As for AYM, it probably isn't a descending triangle anyway so perhaps no point discussing the official technical analysts version against the 'Jonc' version anyway.
Got to go with uwinsum on AYM, if you have a look on the general board you'll see what I put on there and the chart, for me it would only become a buy on the break of the decending line and a sucessfull retest of that line for if that were to fail it would head for the long term support line, at the moment the indicators look weak added to that miners will shortly be out of favour for a wee while it does'nt paint a very bullish picture. Could go either way at the moment but just now its favouring the down side, but that could of course change. chavin on.
We all learn- some knows more, others less. I take on board well meant advice, many thanks for the descending triangle. What I don't accept, is talking others down, it is uncalled for.
Wecome...Everyone has a right to an opinion..... This is Bulkowski's. Until recently, I didn't have a favorite chart pattern because I considered them just buy or sell signals. However, I am beginning to show affection for descending triangles with upward breakouts. I've made a lot of money trading this pattern, certainly more than from trading their ascending triangle brothers. Consider trading this pattern whenever you see it. It is the measure of a good trader that they can develope and evolve their strategy based on their experience. Whilst we all get it wrong now and again. Learning and improving our experience and observation is what makes This a facinating learning experience. Sometimes that require you to even test past strategies as Bulkowski appears to have done in his observation of the descending triangle trading pattern. I respect your view and experience, but we are all after the same result. Gl
was popping in to say check IOF out, its on the move.. lol, but you obviously aware already - good work there buddy! NAD also lookin good
thanks for giving me permission to post here, much appreciated but i was just passing through. good luck
rather than via the donkey. if you want the tips that are being provided, complete with the accurate supporting TA...... try here, http://www.lse.co.uk/general-chat-discussion.asp?page=648&TopCode=HR7KQ8NZ#52323 saves a certain poster from regurgitating it all as his own eh. oh , and for the record, in case you want an alternative to a posters own experience.........contrary to popular belief......'''Descending Triangle: A sideways price pattern between two converging trendlines in which the upper trendline is descending while the lower line is flat. This is generally a bearish pattern. See ChartSchool article on Descending Triangle (Continuation).''' http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_ http://thepatternsite.com/dt.html so, reliably theres a 64% chance AYM may move lower than the 19.25 base. just want you to have all the facts before you guys make investment decisions off the back of 2nd hand misinterpreted information. that reminds me, my old man always used to say, better to be lucky than good. didnt realise someone is actually trying to corner the market though ! tick tock tick tock,it doesnt last forever.
i see your point on AYM, due to long term trend I recon it is a fair bet the sp comes back to 20.5-21 level, if you could buy @20.5, set a stop at 19-19.5 and sit on it. if it goes tits up you hardly lose anything and if it breaks out happy days. at the right buy in the odds may be 10-1 in favour, just a case of patience here I feel
some quality charting, i agree NAD looks the best, will check out the spread tomorrow as low numbers can cost large % generally. well between us we ought to be making some dollar this year! DQE expecting results tomorrow so will check out the reaction but a risky day to buy. BZM as you pointed out is still in the downward channel and i got in too early (26p) but theres word of M and A, also looking at the fundamentals this has to bounce hard soon. watch ABG for a buy tomorrow, currently right at the bottom of the range and a good entry point, i will jump on a slightly higher open or intraday reversal. night all :)
With you re NAD and NCCL- taking the other 3 off watchlist. Should you also see potential in AYM I'd like to ad it. http://screencast.com/t/jn6M6VmF Is there any significance in breaking 50 sma? What I like about this is that support at 20p has been holding for almost 2 months with highs getting lower running into tight wedge- RSI and MACD strengthening- possible break soon? http://www.proactiveinvestors.co.uk/companies/news/41295/anglesey-mining-iron-mining-operations-resume-for-2012-season-in-labrador--41295.html
DQE about to break imo- look at volume since late march.. pulled back sicnificantly and now picking up pace- jonc with you re bollinger sqeeze. we're ready to go.
At least you havent lost anything on sxx and well done on abg. good trading man. ) DQE imo about to break this week-Will give IOF a bit of rope till end of week/nxt week. Here's a few that caught my eye last week as I'm continiously looking for possible recovery plays. favour NAD WRL and NCCL at moment. NAD http://screencast.com/t/9piwjwNP - http://screencast.com/t/Zx0SrHlEA ( 20% up since friday) WRL http://screencast.com/t/ukdhVlyy (9% up since friday- gap to close, promising) RADG http://screencast.com/t/pUBD2EN9GzCz (slightly up- but discarding this one) NCCL http://screencast.com/t/1ZGM9hGiH (down but doing exactly what i thought it would) ABTX http://screencast.com/t/syaVZinmokaK (17% up since friday- impressive volume of late, buys only)
yeah bert/jonc good call on sxx, im losing faith in it, have set a sell to break even. had a nice surprise divi from abg today and sold at with good trading profit, looking to get back in at the lower end of the range (around 360). VIX long looking good today with jobs data. have bought iofina today, looks to me like a bull pennant. did you guys buy on the spread? was almost 2 pips on ig for the 3 month contract, stop set to 32p
Good stuff to look forward to this week- especially DQE and a lot more. Very chuffed with the SIXH discovery as well, looks very promising for similar performance as SHFT. Riddler good to see you poppoing in as well- always valued your take on stocks. Going to turn in early tonight- hope all of us do well tomorrw atb B
well done on both! i was away from screen- just to see DQE AT 44P when i came back. just dropped back to 42.5 with bid at 43 will see what it does tomorrow. 50k buyer is back. - SIXH seems to be our next SHFT? good call here. Seems like our team effort is starting to pay off buddy! lol - early days, but think we're onto a good exercise here!
I can be wrong re SXX but looks to me as if it cycles in August- had a look at it in March: http://screencast.com/t/EG4lKNhVb and again now: http://screencast.com/t/hfwqiDYf Although it looks like bottomming out- the RSI and MACD are not yet giving signals of turning. I'd like to see it clear the pink line before buying in. April/May last year it also appeard to bottom out, but fell off further towards end of June. soleman quick look at BZM- Although it appears to be bottoming- it is still in downtrend and could perhaps bottom at 22p or just under. I'd wait for it to turn. ABG looks better as indicators are turning- also out of down channel, so yes- could be the right time to buy now. Thing is, I've been burned so many times trying to call the bottom on stocks in order to get the full rise out of it. What happened most of the time was that I didn't call it right. Losing in the process the most important thing and that is TIME! lol - You both know the feeling buying in a share you thought on the verge of a rise- then find it go sideways or down still for weeks before it rallies. In the meantime others on watchlist break up- very frustrating. So in full agreement with yonc, buy in rising share- that way you dont get the full benifit of rally- yet you DO benifit with constant gains on different stocks.
took short profits for ftse yesterday, i bought sxx last week @20p, came back to check yesterday and down over 10% after gapping up! now 0.75p down. thinking to hold to see if it does break out, what do you reacon? did you take a look at bzm? abg has a good entry point right now with a firm stop @338p, target 407p
Market hotting up towards coal- or just by incident that a few comp's pop on my radar? SNRP already on bul run http://screencast.com/t/0ulKuTlt6W ATC through 200 sma with volume getting stronger- buys dominating http://screencast.com/t/B23THERfNGp5 made a bucket in Jan11 - lost track, seems however there's big things expected BHR bouncing off support http://screencast.com/t/yShUw3xs7 (flatbase principle) jonc? good write-up last week friday http://www.proactiveinvestors.co.uk/companies/news/42039/beacon-hill-shares-rise-as-it-sets-sights-on-becoming-significant-mozambican-coal-producer-42039.html UKC sharp up from alltime low http://screencast.com/t/DkGCeAX4 gap to fill- then hit 200 sma CZA about to turn as well? http://screencast.com/t/TCdK0Rli NCCL look at volume since start of april http://screencast.com/t/iwiravKTEgN All coincidence? If market is indeed warming towards coal- all of these has got massive upside potential-thoughts guys?
I.d like to get your take on this weekly chart: http://screencast.com/t/Y3qmlyWPU Remarkable similar patterns 2009/2010 then the very odd 2011..... now it seems like the 2009/10 pattern is back? If it plays out, do you also see target between the green lines(resistance/support 2009/10)? Starting to get excited- taking the bigger picture as above in. Fundamentally this comp is much stronger than back then at140p ...we're sitting at 40p at the moment. IF... there is no hidden ugly lurking somewhere, we can be in for a hell of an upward ride in no time. thoughts?
Seymour Pierce reiterated its "buy" recommendation for DQ Entertainment (DQE) with a target price of 144p. The animation company has produced six new television series - including Iron Man and Little Prince - and the broker added that the firm was in the process of licencing its New Adventures of Peter Pan series in France and Italy. Seymour Pierce noted that the shares trade on an earnings multiple of just 4 times for the 2012 financial year, falling to 2.4 times in 2013 and at a discount to the value of its holding in its listed Indian subsidiary. DQ shares advanced by 0.5p to 38p.
http://**************/shop/page-advice/action-advertorial.show/id-130017268