Member Info for graysland

As you know, i rely on other peoples fundemental research so i will bow to your better knowledge. The technical analysis though (which i know you're not a big fan of) is suggesting that we are close to short term rise. Personally, i'm waiting for 160p. Alternatively, if we break resistance of a descending trend line at 182p and then come back to back test 182p (this almost always happens when a stock 'breaks out' giving the bears one last opportunity to close their shorts and the bulls the confidence to take a position) then i will also buy in at that price. Interestingly, my a/c is showing that we hit 182p at the open this morning before dropping back. If that was the case it confirms to me that 182p (at the time of posting but gets slightly lower every day that passes) is indeed the pivital point to crack.

I quite agree. I'm holding fire for closer to 160p myself. http://img39.imageshack.us/i/prtyy.png/ I've had this one on my watchlist for some tiime and cant help feeling that this will be dragged down to that bottom trendline. Technical indicators are very low but not low enough that it cant have one more small push down. Only alternative scenario is if we break that middle descending trendline that currently runs through 182p. A break of that and every chance you will see 230p within a few weeks. However, i'm very confident that anyone who buys in at the current levels will see a nice profit even if it has one last dip to 160p area first. Just one mans opinion though

Charts are suggesting that this has 160p all over it. When it gets close to it , i will be buying in BIG ! Alternatively , a break of 182p (at the time of posting) and that will give a 'buy' signal aswell,,,,,,,,short term anyway. Good luck to you all though.

Yes we have some serious profits to drink tonight. Well done on YELL. Not in that either but i keep posting on their from time to time. A few more appreciative posters on there and feel i've called that one pretty darn accurately aswell if i say so myself........ Ok buddy i will send you a brief email over the new year. All the best to you and your family

I think that 114p was the one they were all waiting for........and what a good day when it did. Cant get as giddy as you as i dont have money invested in this stock but i always get a warm glow when i read a chart absolutely spot on. And some people think its just 'hocus pocus'. I'll still chalk it up as yet anorther win. LOL !

Both could actually apply. As stated 110p was horizontal resistance and so having broken that it will hopefully act as support for a few days whilst the stoch cools down, the 114p will have lowered to 113p - 112p by then and hopefully will then have enough momentum for the next upward movement. But yes if it does break 110p you may have to have another look as 95p will not impossible. Keep aclose eye on the fib retracement levels as that could always be a bullish possibility Good luck

Excellent analysis mate I pretty much agree with most of it. Only differing thing is i have 114p to break (and stay above) as the pivital point. Obviously spiked yesterday but unable to stay aboveso not out of the woods just yet. Good luck mate

Very quiet on here isn't it. All i can say that charts predicted 96p and we got that spot on. Resistance at 110p but huge volume today and finishing at days highs is very positive. If it can break 114p then this could see some nice upside in the weeks to come.......problem is ....until it does it could still have another go at that 95p area. Hope it helps. Merry xmas and wishing you a prosperous new year.

Yep i'm with Uwinsum and Minted on this. Not personally invested in this stock but this game is all about getting excellent ENTRY points rather than exact bottoms. Personally i think we saw both today, but either way they both showed a confidence to reveal their positions (unlike most) and i'm confident both will make money on this stock.....at least in the short term. I'm not so sure about those shorting (although no one on here has stated that they ARE) in the short term. But whether you are long or short......good luck all!!

You can stalk me all you want. LOL! I enjoy your posts

Gosh this board is like a ghost town! Obviously this share is still in a short term downtrend but the 97p looked an excellent entry price with oversold technical indicators and good trend line support. http://img526.imageshack.us/img526/6792/rdw1.png Think you should be ok with this if you choose to invest. Resistance should be 107p short term down trend line but hopefully that wont be a problem and should rise to at least the next down trendline currently at 130p but will be lower by the time the share price rises. If that is broken then i wouldn't be surprised if it then hits the underside of the 3rd trendline currently running at 160p but that will take some time and is all dependant on fundemental economic news and whether this stock can avoid any negative sentiment that in the general market if we get a steep fall on the FTSE. Good luck

Yes i am in here at 202p on Monday. I did post you but put it on the POG board. Wierd i know !!!

Fascinating chart you've found here. It gives me great confidence when i find 1 supporting trendline but when you find 3 or 4 , especially long term ones, then it just reaffirms that this could be a great entry point. Check out the chart below going back 2 years and 3 pinpointing this 60 region. http://img231.imageshack.us/img231/1458/pubc.png . A closer look also pinpoints an extra short term channeling line also in this region along with a horizontal support line thats not far away at all. Good old positive divergence on RSI and MACD (you know how i love a good divergence.lol) on this latest drop bodes well that there are some good short term profits to be made on this very soon. http://img573.imageshack.us/img573/3606/pub1.png Therefore, you might have read on the YELL board that i bailed out of that earlier on in the day for a tiny loss as it started to luck like a bear flag/pennant had formed (and i get a funny feeling i might have been proved right) and i have used the money to buy into here right at the death. Lets see where it goes . Good luck Bizz. Hope it helps

Gosh! You asked me to take a look at this stock but what more do you want me to add !! Excellent post and you've got this stock wrapped up in my opinion. Only thing i can add is that there is also positive divergence on RSI aswell as MACD adding to your bullish take on this stock and STOCH hurtling into over sold. http://img843.imageshack.us/img843/7761/xchh.png If your alternative reading of a 'head and shoulders' continuation pattern transpires (and i also agree that the time spans involved will make this unlikely but not completely out of the question by any means) then this will target 96p area which coincidentally is also where the bottom of the long term down trendline will meet. Therefore, i advise that buying in anywhere from here to 110p would be an excellent entry point but to keep some powder dry to double up if it ever hits the 96p target. Obvious resistance levels at 130p,140p,160p ,180p and Fibonacci retracements levels (if 110p does turn out to be the bottom) will be at 148p, 160p and 173p, which are not too dissimilar from the resistance levels i'm sure you'd agree. So if i did buy in i'd probably sell up at 160p for a very healthy profit. Also just one mans opinion of course