Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: Morrisons

MRW 06 Apr 2014 15:57 #1

  • waverider2
  • waverider2's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 211
  • Thank you received: 169
  • Karma: 8
Diver - supermarkets have seen some hammering.

I have also got 198 as a potential alert for MRW, so there are 3 scenarios that I am wathing at the moment:

1. A doji at 198
2. A 123 setup with a break of 216/217
3. A dodgy candle (lol) near 198 and it breaks down further....

I am also watching Tesco, which seems to have broken down in which case will keep an eye on the bullish candle..
The administrator has disabled public write access.

MRW 06 Apr 2014 13:45 #2

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25

dl.dropboxusercontent.com/u/7238706/Morr...arkets%20%28-%29.png

Possible 123Low forming here. If it plays out then it should also fill the gap...
The administrator has disabled public write access.

MRW 255 marks the spot 12 Feb 2014 08:28 #3

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
Closed at 248 on the rumour of the buyout.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

MRW 255 marks the spot 05 Feb 2014 17:27 #4

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
258 could be good but, thereafter I think this may be forming a flat and drop to 219 area so best be careful.
Diver
The administrator has disabled public write access.
The following user(s) said Thank You: remo

MRW 255 marks the spot 05 Feb 2014 15:25 #5

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
MRW looking good at this level. Monthly/weekly trendline support at 227-234 coincides with technical support around 232/233. Stops below 225 and my target is around 258.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Jackozy

MRW Morrison 14 Nov 2013 22:00 #6

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25

dl.dropboxusercontent.com/u/7238706/MORR...%20%28WM%29Nov14.png

This is another that is beginning to look over-sold on both the RSI and Stoch; and approaching a trendline; and approaching the same fib% it turned at last time.....
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo, wild13, Jackozy, Tejassi, cautious tone, Portman

MRW Morrison 25 May 2013 08:40 #7

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25

This is now in the target zone to start moving back up.
SL below 270.
Target 303.5
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Morrisons 14 Apr 2013 11:54 #8

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25


It will be interesting to see what happens to this in the coming week as it approaches the resistance at 286 for the third time. My chart is suggesting a wave (iii) of 3, so I'm hoping for a break through :unsure: Time will tell eh :whistle:
The administrator has disabled public write access.

Morrisons 23 Feb 2013 12:18 #9

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 2854
  • Thank you received: 5183
  • Karma: 111
This could be worth going long on.
Its got a continuation pattern and the stop has to be below the recent low so below 258.5 so only about 5 points stop



dyor
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, RigelBB

Morrisons 10 Feb 2013 21:44 #10

  • Amo
  • Amo's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 183
  • Thank you received: 98
  • Karma: 9
Hi Diver, Sorry to post off topic on this thread but if you get a a few minutes is there any chance you can post some EWT theory TA on the LLOY thread. I have noticed you use EWT quite a lot so would love to hear your thoughts. That goes to anybody else that also use's EWT a lot, e.g. Jackozy. If you don't have time guys I understand.

Many thanks in advance

Amo
The administrator has disabled public write access.

Morrisons 10 Feb 2013 11:47 #11

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
Sorry, that icon should read as the B wave....from 345 down to 210, unfortunately the html screwed it:)
The administrator has disabled public write access.

Morrisons 10 Feb 2013 11:45 #12

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
screencast.com/t/S0mXhCyDEz


MORRISONWM.png


The way I see this it has two options: the SP is currently sitting at the first target, 61.8 of ((a), and could be forming either a triangle or a flat. It has also retraced in excess of 61.8 of the (B) wave. It would be good if we moved forward from here but.... this could be headed for 210 and be a flat.
Overall the trend is UP, so it has to be a buy....the question is...when is the best time? And that, of course is when you, 'pays your money and makes your choice!'
I think it would be worth watching this in the smaller time-frames for signs of a change in direction - 5 swings up in the 15 minute or 5 minute springs to mind.
In short, there's no point trying to guess what will happen, wait and see. We know the trend is UP and this will ultimately head back to 340 minimum. Whatever happens you can be sure of one thing - it wont happen quickly.
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie

Morrisons 09 Feb 2013 11:44 #13

  • waverider2
  • waverider2's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 211
  • Thank you received: 169
  • Karma: 8
There seems to be a big range in play. I believe the recent strong support has also given way for more weakness IMHO.

Thought I would put it up for discussion.

dl.dropbox.com/u/4385922/MRW.png
The administrator has disabled public write access.

MRW 255 marks the spot 04 Jan 2013 07:39 #14

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
screencast.com/t/ngUCZKqP

Well, we're at 255 and I'm not certain it's totally retraced as I'm struggling to see 7 swings back down so it may go a little lower - possibly to 241 ish, but we'll see.

Whatever, now is the time to start building a long as this should grow by 45%+ in the next 3 years, the target figure being a conservative 383. Now which bank is gonna offer an investment like that? B)
The administrator has disabled public write access.
The following user(s) said Thank You: Amo
Moderators: remo

Time to create page: 0.384 seconds