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
The Dow Jones has formed a lovely hammer off the short term uptrend to day which should be the 4th wave of this sequence.Note how it was also close to the 23.6% Fib and the hamme low formed at exactly the level of the candle bodies of the two earlier dojis.I'm targeting c. 16178 for the top of this move before a correction down towards, but not below, 14550. Original link...
Continue reading
Rather than try and catch the bottom on POG I'd planned to go long on a 123-low breakout but completely missed it due to being busy with other things. We can see the results, though, with a healthy number of pips to anyone who did take that trade.The thing to look out for now is that RSI. If it reverses off the trendline then it might be worth taking some profit. If it breaks through then it should indicate further rises but beware that tricky 123p level. Personally I think CNR or KAZ offer better risk reward than POG for those not already long here. Original link...
Continue reading