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you guys noticed as well that the chart/TA guys are getting a SLATING on a lot of boards these days! ( i genuinely dont mean this one as i know Netley amongst others are of sound enough mind!) why is it you cant post a bearish view or post saying you await the bottom/buy in price without the risk of being burnt at the stake!? I saw Monky fighting the good fight on GKP today, long after Sheikh had been hounded out from posting. now, we all know that monky speaks convincingly, eloquently and logically and still he's gets the 'witchcraft' treatment! Grays, don't let the buggers get to ya! You, monky, TIE and Chiffa have taught me much and a short term stinker like YELL or HAWK doesn't change that. 40% losing trades last year but a handsome profit nonetheless means i was either lucky or even my dodgy TA worked.......................a little bit! Rudy, i read your post differently to Grays, are you asking why he/any TAer is interested in XCH or PRTY right now? if so, heres why i am. http://img146.imageshack.us/img146/8176/xchlongtermsupport.png http://img20.imageshack.us/img20/3597/prty.png http://img714.imageshack.us/img714/3585/xchdivergetrendline.png
no worries mate, nothing urgent in there! xch, you love a little 10%er lol. i havent got enough in to make it worth it but in fairness i'm going to hold and see if i can get somewere near the 22ema. you caught a break on the spike down in here!
a couple of days ago and now 2 days of spirng like bounce! left me behind for sure. get above 50p and stay there and there is the bottom in imo.
Steer well clear of the yell board mate, there's a couple of idiots goading and taunting the holders and it aint making for a pleasant board!!! Got my 49 on xch and my 20 on nyo today. Planting seeds for harvest!!! Lol
hello again xch, it only seems like yesterday i sold at 130! crazy days.
SBT, slightly imperfect head and shoulders targeting around 29.5p, cetainly not an aesthetically pleasing one!and timeline also may negate it? but worth considering perhaps. failing that, long term sup at 40p. i'd be tempted by a spike into the 30s tho! ( altho i'm fully stacked up red elsewhere!) http://img41.imageshack.us/img41/2038/sbtt.png
hello mate, yes lets hope its exactly that. i will be putting a limit order on at 135 for a quick spike as i never got a top up 1st time round and holding a little back for any lower lows. we shall see!!
a sucker rally, there is a chance todays drop is a retest of that descending wedge break that runs from november til tuesdays break of the upper wedge line. the only thing that sits awkwardly at present is the lack of volume. time will tell.
This has bounced really strongly off that 1397 support guys. It's next job is to break and hold that 1500 then I think we will have seen our bottom for now. As a few have said, good company undervalue right now.
support and charts all over on the sanctuary, agree with seb and arf, 1400 breaks, 1300 cometh, 1300 breaks, 1200 cometh.
Well done on your profits, looks like I got spiked out a little early yesterday! Might be a little wait to get back in now too. Good news for all long termers tho!
Told you once through 240 it would smash 250 and onto 260 ! Lol. I moved my stop to 242 this morning after we broke 250 and of course this has now been taken out. So all the best guys and I will see you again when the buy signal reappears as I'm convinced this is going to 3 quid.
good luck mate. if not this time then defo above 1600 in the spring.
room to breathe above that bloody 230 now too.
No mate, traditional old share trading. Lol. To be fair I just got spiked out textbook style! Lol I'm not unhappy as I have a bit of profit banked and can rest easy with remainder. I see we have had another pop at 238 ish as I write, onwards and upwards!
Spread widened at 225 and my stop was hit! Typical, still it guaranteed a bounce for everyone still in! Lol I'll let the rest run and see if we can get above that 240! Ps. Remember, I'm not investing, just trading so I know my 10-20% and out strategy isn't for all. I'm too impatient to hang around whilst price consolidates after a good run so I move on! Each to their own! Best of luck guys.
Sold half at 1585 1st thing and being a clever dick put a stop on the rest at 1549 (10% profit) thinking we'd be assaulting 1600 for a few days and I got stopped out! Lol Profit is a profit I guess and on the plus side I'm happy I turned an ugly buy into a 15% profit trade but to tell the truth I'll be looking for an opportunity to get back in as I think we are still under valued! So, bye for now and see you all soon for another go!
and anyone else interested. http://img687.imageshack.us/img687/6302/mec110111.png first the potential 'bearish' case. rsi looking fairly toppy now, and stoch is getting there. that IS NOT to say that this rally is done! but i would urge caution if only that we may need to see the indicators cool off if we have a couple more 'up' days and this means that price may need to come down a touch before resuming an assault on the high £2s. hard to say exactly where price would find support but that 212ish area down to 204ish is fairly heavy support id 230 were to break. if we get far enough clear of it then logically 230 would be good support. on the plus/bull side, we smashed through strong resistance (august 2010 tops) at 230 today and if we see an up day tomorrow then we will have also seen the obligatory retest of 230 today too! this for me would be very bullish medium term and would indicate that the 230 resistance has indeed become support now. thsi again suggest that 300 could be on the cards. finally, there is some resistance at 240 (not as strong as the 230 now i have looked at it!) but other than that there could be a good clear run to the high 250s or 260. remember, nothing goes up in straight lines so we should expect small retraces in the rise, but things look good and if the macd turning positive isnt a 'fake out' (see lloy recent rise and macd crossing 0 fakeout) then we really are on the start of a bullish run. all of course just my opinion guys and true to my word, i have a tight stop on half my holding at 222.5 and the rest can run for now. all the best to you.
That 130 was some resistance! Didn't expect to get my sell soooo right! Lol At this rate I'll be back In here soon! 99p here we come .
Yeah, I'll look at a chart onight and assess rsi and stoch and post here but yeah maybe just a tight stop on half as opposed to selling. The buy pressure is certainly strong, let's see what sell pressure 240 creates and go from there.