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Hello hello 19 Aug 2014 19:47 #1

  • remo
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welcome to chartsview. :cheer: :cheer:

with regards to asos....
its a falling knife and there is no buy signals on this.You have to wait for a 123 low signal to give you the green light.

There is strong support at 1930 area so if you were to go long then this would be a good area to go long on a first attempt basis but this would be a short term trade with tight stops just incase.If that support fails then this can drop all the way to its lows at 1100 area.
The key to trading is to ride a trend.This is clearly a down trend so this would be avoided for the long term until the trend changes, hense why you look for a 123 low formation.

With regards to alliedminds...could not find it on my charts...
if this is a recent ipo then charts are useless.It needs atleast a few months of data to start to use charts for trading.

hope the above is helpful to you...
Information Purposes Only, Do Your Own Research
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Hello hello 19 Aug 2014 08:41 #2

  • ronnie
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Welcome to ChartsView Carystopher :)

Hope you find the site useful and it helps you in your trading.

Don't be afraid to ask questions or post your thoughts and opinions, we have a great bunch of people on here.

Good luck with your trading ;)
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All share trading carries risk,
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Hello hello 18 Aug 2014 23:55 #3

  • Carystopher
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Hey everyone, have had a trading hiatus for the last 18 months and have been licking my wounds with GKP.. fortunately haven't been wiped out so am looking to dip my little toe back in the game.. Feel slightly burnt with AIM stocks so looking at longs with the FTSE100 and possibly expand to the FTSE350.. Hopefully I can add a little value but time will tell..

I've been tipped Allied minds who recently IPO'ed as a good long, and also ASOS after their recent profit warning as undervalued and another good long opportunity.. Any thoughts on these Remo?

Cheers all and happy trading!
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