Scub13 Dec 2013 09:24
I'd like to see it close at 209+ - one of me lashed-up weekly trend lines there, another in 230s ...
OK - the 176 shout then :) The drop from the high of 617 to 470 was worth 147p, extrapolate that out x3 (470-147-147) to get to 176; that SP wasn't far off the 2011 low so looked worthy as a bottom, especially intraday/week, so I piled in with multi buys just over 180p as my view firmed up ;)
That's how I roll :D
Possible targets from today's bounce (so far at least) as part of pattern-forming are 131/270p, basically it's marked out a 46p "breakout" value from whatever shape it throws from here, if any. I had a fab slice out when the bid got ahead of itself and I caught a chunk at 220p, stopped out at 208 for another chunk and will let the rest ride ...
GLA