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TOPIC: Savills Plc - Bull Pennant

Savills Plc - Bull Pennant 01 Mar 2017 11:41 #1

redchilly OFFLINE Senior Poster Posts: 589 Thank you received: 1107 Karma: 31	This is doing really well Follow up chart
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Savills Plc - Bull Pennant 07 Feb 2017 10:44 #2

Trendfriend OFFLINE Expert Poster Posts: 1617 Thank you received: 2202 Karma: 53	Nice breakout here after all!! Great call RC.... atb, wdik, dyor, trendfriend
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Savills Plc - Bull Pennant 06 Feb 2017 14:33 #3

Trendfriend
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svs daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...m7X1gy8vl5XENe1zY%3D

That does look like a bull flag/pennant, and this has had a nice bull run....

however i'm not entirely convinced with this for longs atm imvho.....

it's failed to break and hold 800p so far, and the rsi is showing a bearish divergence, which may be a indicator for short/mid term weakness.
I think this is risky, it could go either way, on balance i think it's more bearish than bullish, and a gap fill around 700p looks like a decent possibility imvho....but having said that wdik....

atb, wdik, dyor,
trendfriend

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Savills Plc - Bull Pennant 03 Feb 2017 11:03 #4

redchilly OFFLINE Senior Poster Posts: 589 Thank you received: 1107 Karma: 31	Classic Bull Pennant Long @ 779 (support line of pennant)
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