Member Info for appleby

Stupmy just out of interest what made you decide to enter this short , was a pattern , price point or what . Thinking you may be correct just can’t see how you worked it out

Anyone else seeing a massive cup and handle forming , currently got a nice down sloping handle forming , buy point for me is 74. Anyone on here trade this formation .

You could be right just need to keep eye on it and bale if wrong , I only check shares when in office so can go days with out checking , shorting needs to be watched more .

Good luck

Could also be mad shorting a uptrending share.

Be constructive for this to test lower around 65p

Sorry I don’t know how to , not good on tech . Basically look for share trends on 5yr chart first . Then on one or two year chart and find is share in uptrend . You need a sideways base to form minimum 2-3 months , some type of test will take place to grab shares from weak hands . Rr did this day before it jumped . That’s final buy in on spike down , it can retest this level again or carry on up as RR is doing.

Look at Vtu and wtb both have good setups as examples .

Exits are harder, look at wyckoff topping setup , looks same if rising or falling until Utad so combine with 10-20 or 9-30 moving average to exit , but do it manually and can ignore if on a test .

If your really interested ,read up on wyckoff and Howard marks books on cycles.

I use a combination of trading uptrending shares , only use weekly charts , never trade when markets are open [put orders on after hours as less emotional], bail out if not working , you can always get back in .

Hope it helps

Price target 232-236 based off point and figure charting ,works well on finding next level to rebase up or down . Using Wyckoff to find set up , then going into point and figure to get entry exit . Takes a while to learn and get competent with , but has transformed my trading , put my isa over 7 figures in two years .

Works even better on way down if you exit on a 10-20 moving average , you don’t get much drawdown , just have to allow for tests of supply before the share moves.

All rubbish in my eyes , this is going to 232-236 where it will rebase .

Think what ever you like. This is going to pop

Pattern looks similar to rolls Royce , look what that did yesterday

Just say your reply , got a point and figure target of 232 p should rebase there .

Run a basic point and figure calculation 3 box reversal , have a very clear target figure of 236p price will hopefully form a new base in this area .

Gla

This could be a campaign share setting up , hope so .

Near textbook wyckoff setup ,

In uptrend , formed a base and done nothing for a while , tested yesterday to take out stops and weak hands. Then jumped the gap . Expect new base to form for next move .

GLA

Just building up steam for next move up or down

Looks like all weak hands are out , no sellers left , quick. test lower then this goes higher, until sellers come in . Just plan to hold my position , until it gets bought out .

Vultures circling

Interest rates have only returned to the long term norm of 5%, we have had a lengthy period below the norm , expect a equally long period above the norm.

Shares often dip on a good update day , let’s the larger interests buy in at lower prices , weekly and monthly candle sticks show a better picture .

Like all share there is only so far a share will be allowed to drop.

All shares are allowed to drop to zero in my experience .