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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:

WPPdaily09_05_13.gif


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
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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
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WPP 09 May 2013 13:52 #3

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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
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screencast.com/t/ThuiwhvOq

Set a limit buy on this according to the above chart. Would welcome views from others.

Retesting breakout/gap support.
All it takes for the triumph of evil, is the silence of 'good men'
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WPP 08 May 2013 10:27 #5

  • remo
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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.



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Last Edit: 08 May 2013 10:28 by remo.
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WPP 25 Apr 2013 08:09 #6

  • diver993
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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
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one to watch, for a break.
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WPP 27 Dec 2012 14:21 #8

  • ronnie
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WPP has broken out of its main resistance level, looking bullish but it may come back and re-test breakout point.

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Ronnie
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