This is the final part of the Share tips update.
5th August 2013
DIAL.L
This is the Chart of Dialight when I first mentioned this:
After : This had a massive range between the 1 and 2 point but never the less worked out perfectly with the 123 low formation.It broke out and even tested the breakout the following day.This went onto move a furthur 190+ points from the breakout point. This is what we love in chartsview.
IRV.L
This is the Chart of Interserve when I first mentioned this:
After : This had an assending triangle which broke out nicely.The clues were there by this hovering around the resistance area for a few days weakening the resistance.Once this broke out it moved 50+ points in our direction.
12th August 2013
FRES.L
This is the Chart of Fresnillo when I first mentioned this:
After...
Continue reading
This is the continuation of the share tips. This is part 2
22nd July 2013
DPLM.L
This is the Chart of Diploma when I first mentioned this:
After : As can be seen the short worked really well.It reversed right on resistance on first attempt and moved 50+ points lower. This shows the power of good resistance on first attempts.
DRX.L
This is the Chart of Drax Group when I first mentioned this:
After : This was a good day trade as it hit the resistance perfectly and reversed 30+ points. This shows why its pretty good to attempt a trade on first attempt only. The price latter went on to break through that resistance a week latter.Thats why i always mention first attempt only.This is a classic example what can happen on the second attempt so soon afterwards.
MRW.L
This is...
Continue reading
This is my update on the share tips that have been given on chartsview.Ive been real busy with the site so have not updated for a long while so this blogs is going to be rather large. Since may 28th 2013 there have been a lot of share tips.Ive not put all the tips that have been done on here as its really difficult to find all the charts from back then and i have only managed to find charts for about 29 companies. There have been a lot more than this but to put all of them down will take me days to find yet alone to write the blog. There have been some losses as well but since i adopt stoploss on all my trades they would have been minimum loss. I have not put the loss trades on here as there was not that many and again to...
Continue reading
This has been in my share tips section for a few weeks now.This is building out a nice cup and handle formation and the breakout level to watch is 257.The formation is really clear to see and this also is being supported by the trend line break which is giving this support as well currently.When the breakout comes it should be powerful. This should be in your watchlist
Stops on this should be below 242 if entered based on the short term trend line support,but real strength will only come once 257 is cleared and then this could head towards the main down trend line at 300.
The target for the breakout is 307 as thats the size of the cup and handle formation. The low of the cup and handle is 206.7 and the high is 257 so the distance between the low and the high is roughly 50 points so...
Continue reading
I thought id do a blog on an individual company today as have not done a blog for a while. Hopefully this would be useful to some.
BG Group
Theres a nice symmetrical triangle formed on this share. This can be traded ether side of a breakout of the symmetrical triangle. Im favouring a break to the upside on this share but will not second guess the breakout as thats gambling.
The obv (on balance volume)has broken out of the down trend line early so may be an early indicator .Look for the rsi (Relative Strength Index) to also breakout to comfirm.
So id be looking to go long on a breakout of 1231 but will use a 15 point stop just incase im wrong.Ill be watching this closely before placing my trades.If this does breakout a safer way to enter maybe wait for the back test of 1231.
If this...
Continue reading