Member Info for Borgy74

Just had a look at the TCM chart and looks quite compelling to me from a technical perspective. I particularly like the stochastic signal which is currently at 42 and cross over the blue line at 45 has in the past been a sure sign of momentum rising and follow through on the sp. chart is here ... let me know if from a fundamental basis this pullback will not reverse now. I think its a buy ..... https://uk.tradingview.com/chart/etTLlMvJ/ Borgy

Just bought into this entry at 379.02. looks like its on an upward trend. will see.

sorry wrong chart .... https://uk.tradingview.com/chart/MKLNabJB/ here it is

https://studygroup.my.salesforce.com/500D000001RB9tE?srPos=0&srKp=500 good omen when the MACD > 0 .....

as i posted earlier today I have gone back in on ALM at 147.07 ... i originally went into this back around 27/02 when i had an alert set for the MACD to cross zero... it did, i bought in around 387.4p and enjoyed a nice ride up to around 430p when i sold out at 408p on 08/03 ..... i timed my entry based on the MACD crossing above 0 ... now this time i have gone in a tad earlier but it looks like it could do that ... my chart is here https://uk.tradingview.com/chart/MKLNabJB/ risky one this as it moves fast... Borgy fingers crossed....

I am in with 1 tranche 1349 shares at 147.07 ... stop loss 138 initial price target 171p ... will add more if i see a rise

I am in with 1 tranche 1349 shares at 147.07 ... stop loss 138 initial price target 171p ... will add more if i see a rise

hopefully not a dead cat bounce .. it did it on the 12th May ,,, although today's bounce seems more assuring. I might actually go in now.

PETS results Thursday. should clarify what situation is. Market expecting poor results but may well be factored into the sp as we are seeing some buys come back in.

bit quiet on here as we sit and tread water waiting for the special divi. I have just posted on the TW LSE chat as Taylor Wimpey is paying a 9.2p special divi on 1st June so i have asked the question whether its worth trading (buying in now) on a current pull back and banking a 4.6% yield..... take a look if interested. I dont have the answers to that ... but what seems to me is an opportunity..... TW weekly looks bullish and uptrend confirmed ... yet on the 4hr chart there is a pullback ,.. which is an opportunity for an entry. Borgy

I normally enter on a 4hr chart and the set up for Ved looks good. 8/16 crossover ... sp > 50ma (bullish) and MACD at just over 0 (0.7) https://uk.tradingview.com/chart/XpDEMPza/ looking at the longer time frame so if i use 4hr as an entry i'll be looking at the Daily for my position (u want to be going with the trend)... and I'd go in the direction of the current swing (which is also bullish) been rising since 5th May .. Momentum is also good on the daily and as momentum leads price (use the slowstoch) so I actually think this is a good long position. Borgy

It would take a brave man to call the bottom of this sp. Agreed that it is oversold but that doesn't mean it can not go lower. I have looked at the Monthly Chart and a possible dynamic support could be the 200ma at 135.5p ... chart is here .... https://uk.tradingview.com/chart/IVtGvYvL/ This is on my watch list for a recovery so back to the daily chart and i thought we were finding some consolidation within the box box https://uk.tradingview.com/chart/yoBlVunP/ but it hasnt held and the price and trend is downward. Momentum is also downward so unless some RNS comes out i dont foresee this rising as yet ... as i mentioned just because its low (good value) - it can still go lower. For now its not an entry for me. Westie u know that video ' catching a falling knife' - applies here mate. Borgy

constructive opinions always welcome MM - Thank you. co-incidentally, the editorial feature in this weeks edition of Shares Magazine is related to EVE its titled " Is this loss making firm really worth £140m? I have put in on my watch list and will see how the growth story develops.

Nothing happening. Its a "sea of red" across most indices and commodities. I have sold out on BP earlier at 468.10 but only because i felt it was struggling to breach resistance at 471p ... I will be back in and simply looking for a pull back. fundamentals havent changed.

rioloto. I can take a guess that the fall in the value of the pound since Brexit has made companies such as BP more attractive to overseas companies ... say for example Exxon. So falling cable (gbp/usd) makes it cheaper for a US entity to acquire Bp. Did I get that right?

Great contribution Fruitbat. Thank you for adding value here and supporting us (me).

SELLS 4,286,265 2,412,534 ratio of 2:1 sells yet sp is rising .... as Fruitbat has been highlighting?

sp struggles at 470p ... channel of over supply (resistance).

fruitbat - Morning. You appear to know your stuff so i will use this BB to knip your brain a wee bit. I am rather weak in fundamentals probably as i dont have the patience to read through lots of data. I can fairly well read charts so at yesterdays close BP is approaching its channel of resistance at 470p https://uk.tradingview.com/chart/Ws7MLuX1/ yet momentum this time round is stronger and as momentum leads price and normally 8/10ths of a sp movement due to momentum .. i'll be interested to see what the sp does today at this supply area. Back to your point of Sells exceeding Buys 3:1 .... explain to me ... "how someone can buy more shares than available in the market" .... not doubting you just need to understand that for my own learning curve. cheers Borgy

I thought gbp/usd is rising not falling. Hasn't gbp been on an upward trajectory against usd? I sense you have knowledge so I'm trying to understand what you are getting at. BP rising with the recent oil rebound to above $52 I get that ... didn't get the cable part. So what is the rationale of a 3:1 sales to buy volume today. Why more sells than buys ...