screencast.com/t/3B66k9i5J

I have a very different chart from IT finance. Just for information. I understand that there are often discrepancies.

This broke out of the trading range and is just testing the breakout currently...maybe worth a cheeky long with 20 point stop.

dl.dropboxusercontent.com/u/4899609/sse13thfeb2014.png

dl.dropboxusercontent.com/u/7238706/SSE%20PLC%20%28-%29.png

WW2,

I think SSE is possibly in the seventh swing of a corrective wave to complete wave B at approximately 1,275>45 area. It should then move higher, provided it doesn't extend.
Don't get caught out with these bullish divergences: they usually only signify a wave 3, as I would suggest in this case, meaning there is a wave 5 to follow, resulting in, what many refer to as a trap.

The alternative is wave B finished at 1,297 on Jan 15th, though this would be a very shortened wave 5. I certainly wouldn't consider it unless the current move takes out 1,384 with a strong RSI.

Hope this helps and good luck with any trade. It's certainly one I am keeping an eye on.

Jack - thank you for your analysis.

After some thought I am in gear to open up a long on CNA...

There is an increasing OBV, bullish MACD/RSI divergence and very close to support.

Any thoughts on this one? I am sure Diver is also sniffing about in the energy stocks

Cheers mate

This doesn't look all that clear to me and it could just be ranging. You can see on this longer term chart the importance of the price levels which define two equal sized ranges:



dl.dropboxusercontent.com/u/20815047/FTS...SSEdaily09_02_14.png

For me this would have to break the 1383 level before I'd go long or short on a break of the recent support.

To the experts out here - any chance of a technical view on SSE?
My take is that the sentiment has changed and potentially a change in trend...

dl.dropboxusercontent.com/u/4385922/SSE_09Feb14.png

My other analysis for this week has highlighted the following...Again some validation will be useful:

wood group - bullish divergence
Sainsbury - bullish divergence

Cheers

Look out for a 123-low breakout on SSE this coming week. The level to watch is 1383 to target the area defined by the downtrend resistance, the 38.2% Fib shown and the previous support from the 1461 low on 25th June:



dl.dropboxusercontent.com/u/20815047/FTS...SSEdaily12_01_14.png

dl.dropboxusercontent.com/u/7238706/SSE.png

There's a possible long here. The trend line on the RSI has been broken as has the 21EMA. Be interested in others opinions....

Well, the support level at 1363 didn't hold so now we are looking at 1286 - 1266....


dl.dropboxusercontent.com/u/7238706/SSEnov27.png

If this closes above 1425, it could trigger off a 123 setup. This is also on the basis that it doesnt close below 1379....
It has been trading on a very tight range over the last week or so....

dl.dropboxusercontent.com/u/7238706/SSE.png

Getting very close to a key support area now 1363 - 1375

waverider2 wrote:
Usually the more you drill down the time-scales the more obvious the divergence. It's quite a good ploy when you suspect the start of a divergence, in whatever time-frame you use, to go to the next one down to get the early signal

Fully agreed Diver man. Look at the 4 hour charts - the divergences are very clear...

all the best. I am long on this already - hope we have seen the bottom of the rot.

dl.dropboxusercontent.com/u/7238706/SSE.png

Another one looking ready to turn.....DYOR