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TOPIC: Smiths DS: SMDS Head and Shoulders breakout

Smiths DS: SMDS Head and Shoulders breakout 11 Jul 2013 20:55 #1

  • redchilly
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Follow up chart 10/11

Gapped up today
Partial profit taken....closed 1/3rd today.
SL moved to below the low of yesterday ( 248.5 )
Trade not free yet but near to breakeven.
DSSPLCChiX.png


Order to open long @ 254.5 (gap)
dyor
redchilly
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Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 11:12 #2

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Thanks for the reply...
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Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 11:03 #3

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will start taking profit at 265 (previous high)
then 275 100% fib extension
& 295 161.8% fib extension
sorry no chart as @ work :(
dyor
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Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 10:30 #4

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Redchilly

Gone with a long at 248.5 as been watching this all morning.

What's your view on price target? I am looking for 263/265.
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Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 09:50 #5

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Order got filled
Long with a SL as below
dyor
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Smiths DS: SMDS 04 Jul 2013 23:10 #6

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Nice gap fill y'day
today's candle making a HH and a HL

SMITHDS.png

I have an order to open Long position tomorrow at 248.5
SL is below y'days low which is 240 (which is also 50% fib)
dyor
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Last Edit: 04 Jul 2013 23:11 by redchilly. Reason: typo
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Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 15:19 #7

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The high being the high of the head and not the left shoulder ?

Thanks for your help.
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Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 14:46 #8

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The play is still valid as long as the price dont go above the high. At which point it will be a false one.
Information Purposes Only, Do Your Own Research
remo
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Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 10:56 #9

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Just wondered on people's thoughts as to whether the head and shoulders is still on here, looks like it to me.
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Smiths DS: SMDS Head and Shoulders breakout 14 Jan 2013 12:27 #10

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This looks bearish with a Head and Shoulders breakout and a 123 high.
There is also divergence on the RSI which is really clear to see.




Stops should be above 209 so small risk .If your brave then you can put the stop closer at 206 ;)
The head and shoulder has come right at the height of this share



DYOR
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