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we have support here from the rally in late 2011 when it went to c90p.....lets see if it holds or we really are going to retest c45p before resuming the up trend!
73p represents an area of strong support and as of this point it is only back testing the 50 and 200dma.A drop through 73p though and 60p could be seen again.
Eureka!i am always on the hunt for the bullflag in its purest form at the right time and i think i have found one and its WINCANTON...WIN death crossed in late 2010 from the years high of 250p and the sp went all the way to c30p in july this year where it rallied to c60p.before this rally we got the rally on the back of the ftse rise early this year to c90p,but since FEB it has resumed its down trend.In june/july the sp made a low and a lower low.We also had a MACD diveregence when this happened which often means that the bottom has been found and a turn around is to come.It rallied 100% where it got stopped in its tracks by the 200dma and we are "bullflagging" just below it right now.A break over 60p and this gets uber bullish for me,but there is a possible chance it will back test 45p first where it broke out from the"W".WHEN it breaks 60p then the next major resistence is at c100p and if it breaks 150p that would signal a break out of the descending resistence line dating back from 2007......I mentioned that this could be a bull flag in its purest form.For this to happen a share must be down trending for atleast 6 months,the rally after the down trend should averge about 2 months and have a 50-100% rise from the bottom where a bullflag will set up....well WIN ticks all the boxes and once this retrace has finished then i can see some very good long term gains here.I am not in this yet,but i will be looking for my entry point at c45p(if it retraces to that) or c60p when it breaks over that.I have looked at the fundamentals also and see that WIN are well positioned for a recovery with contract wins from ASDA and SAINSBURY....NUMIS has a target price of 90p.ATB
take a butchers at DRV!....due for another leg up!
this broke 40p resistence today so may go onto tackle 45p before another flag as the buyers kept the upper hand today until close.....dingdong: not a bad move to take your profit today.noone got skint from taking profits.i will stay in longer though as there may be a t/o bid here soon ;)
looks like that small flag is setting up under the 90p resistance then! Next stop c 100p when it breaks!
I bought in here today at c 200p........300p here we come!
what they owe....not own!
PDG have recently refinanced thier debt and thier property portfolio outways what they own.........I am in!
ding: well done on your entry i'm sure it will bare fruit.It wont be a rocket ship ride here but a steady earner,but thats the way i like it.This is a good turn around share.Dont take any thing i say as advice though.I try just to give my opinion on things and dont want to advise people on investments...sain@vision: you say you like motor trade stocks.i am in GKN and they are also exposed to defence as well.i feel they are a good long termer.You may want to look at PDG as well.They are on my list of turn around stocks.ATB!
yes! i got in here yesterday and it could well back test c 35p before moving to attack 40p! Thems' the gambles.Do you wait for this to drop 1/2 a penny or do you hop in as the jump to 40p will be quite swift IMHO!
;) The force never lets me down its over confidence that is my enemy.I make bad trades when i think i know the out come of a pattern before it happens and go in on the trade before it is confirmed.....a bullish pattern is only a potential one until the confirmation and i need to excercise restraint at all times to take advantage of this.......however! i do like to take a little gamble every so often with "play money" as i have done with DQE and CHAR and a few others.Bought into GEMD today.You should take a look.200p now and 300p is the next stop IMHO
intraday high yesterday of a tad under 90p so it was indeed the sticking point.small flag now before the assault on 100p again.GLA
Very quiet on this board.........but thats the way i like it.Bought in today at 143p ;) SSShhhh! keep this under your hat.
SBT a good bet!:In May 2012 it bounced off the 2009 low of circa 25p.Also the low of Nov 2011 and the May lower low had a coinciding low and higher low on the MACD.A good sign that the bottom has been found and a strong turn around is due.It is now in a high and tight flag that is also an ascending triangle.This is one of my favourite type of flags and should see rapid results on break out.The sp is over the 50dma,but under the 200dma.Infact the flag is forming right under it.The RSI is up trending below 60 which is a good place to be for a kick start of the rally and the MACD histogram going positive on break out will be the sign to take up a position.increased volume and especialy a gap up will be even better on breakout.A rapid move to circa 40p should ensue.When the sp does break over the 200dma at just under 35p this will also be a breakout of a descending resistance line dating back from late 2010.So to recap,a break over 35p on increased volume and preferably a gap up and white WRC will be the signal to take a position to go long with the first target of 40p.ATB!......also keep your eye on the high and tight flag on BMY!
just checked the charts and 90p is the next breaking point here so would not be suprised to see that as a sticking point tomorrow.may even get a small flag setting up around that point before the attack on 100p!
my last post was to riddler!
I found this post of mine postedon your board on August 7th:" just a flying visit today:SHFT is getting interesting again.i have had good results trading this this year.i did not get in until 71p on the rally this year,but having identified the break out and cashed my profit,i did well on it.It has just popped its head over the 200dma today and the MACD histogram is about to go positive.I have seen many chart patterns like this this year where alot of companies rallied on the back of the FTSE rally and when the 50dma came to meet the 200dma the rally died of and retreated.This looks like another attemp of the 50dma to break through the 200dma.I will wait for the MACD to gp positive first though before re entering"..........WELL THAT WORKED WELL THEN!..have agood night all!
a few of us are alreasdy in SHG and some are still waiting to pounce.CGH also good to go!