fattyman3 Mar 2010 18:59
not a chance mate, 134p aint coming by end of this week.
this is going back down to 119-120p first either next week or the week for me to buy back in, then it will rise back up to 134.6p by end of april. this is great swing trading stock my friend, buy at anything below 120p (115p is ideal) and sell anything above 130p (135p is ideal)...these swing trades come around 3 times a year for this stock. this is the most safest and defensive stock so you cant go wrong with this.
support levels for RSA is 124.3p (bounced off this today), 120.2p, 118.4p, 115.2p, 114.1p.
p.s. i hope you got out a couple of days ago at 133-134p, this is NOT a buy and hold stock but a beautiful swing trading stock. if you did not get out then you will get another stab at selling at 134p in a couple of weeks so not all bad.
ATB & good luck.
TIE