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TOPIC: WPP

WPP 09 May 2013 14:08 #1

Jackozy
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There's a significant resistance at 1120 from 2 May 2000 (lol) which it reversed off today.

I'd go long at 1096 from the recent high with a tight stop, or short with a stop above 1120p. There are multiple bearish RSI divs and a bearish OBV div too. Plus there looks to be a clear 5 waves up from the June 2012 low:

dl.dropboxusercontent.com/u/20815047/WPPdaily09_05_13.gif

Given this dilemma, perhaps it's best to wait for a clearer signal? Sorry to confuse matters!

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WPP 09 May 2013 13:53 #2

remo NOW ONLINE Moderator Posts: 3137 Thank you received: 5606 Karma: 113	Shotry wrote: screencast.com/t/ThuiwhvOq Set a limit buy on this according to the above chart. Would welcome views from others. Retesting breakout/gap support. just saw your chart...1085 is a good area for stops
	Information Purposes Only, Do Your Own Research remo The administrator has disabled public write access.

WPP 09 May 2013 13:52 #3

remo NOW ONLINE Moderator Posts: 3137 Thank you received: 5606 Karma: 113	its testing the breakout point so thats the best level to go long with tight stops. Id put the stops below the gap (1094) so maybe 1089..so a small stoploss.
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WPP 09 May 2013 13:27 #4

Shotry OFFLINE Junior Boarder Posts: 368 Thank you received: 199 Karma: 10	screencast.com/t/ThuiwhvOq Set a limit buy on this according to the above chart. Would welcome views from others. Retesting breakout/gap support.
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WPP 08 May 2013 10:27 #5

remo NOW ONLINE Moderator Posts: 3137 Thank you received: 5606 Karma: 113	This ones broken out of the trading range today. if this can stay above 1097 then that will be bullish. Target for trading range break is roughly 80 points.so 1180ish. My stops are below 1073 so good risk to reward.
	Information Purposes Only, Do Your Own Research remo Last Edit: 08 May 2013 10:28 by remo. The administrator has disabled public write access. The following user(s) said Thank You: annes goal, Jackozy

WPP 25 Apr 2013 08:09 #6

diver993 OFFLINE Senior Poster everything is possible Posts: 699 Thank you received: 1138 Karma: 25	I have to agree deadcatb0unce. If, and it's a big IF, my labeling is correct, I suspect this could well be a wave iii of 3 and as such I expect this to make at least 1255. Long on a break of 1100.
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WPP 24 Apr 2013 14:56 #7

deadcatb0unce OFFLINE Fresh Boarder Posts: 36 Thank you received: 37 Karma: 2	one to watch, for a break.
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WPP 27 Dec 2012 14:21 #8

ronnie OFFLINE Administrator Always look on the bright side of life! Posts: 2218 Thank you received: 1554 Karma: 72	WPP has broken out of its main resistance level, looking bullish but it may come back and re-test breakout point.
	Information purposes only, Do your own research, All share trading carries risk, Ronnie www.chartsview.co.uk www.facebook.com/chartsview twitter.com/chartsview www.linkedin.com/company/2766233 chartsviewblog.tumblr.com The administrator has disabled public write access. The following user(s) said Thank You: remo