Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

CAZA weekly 30/05/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 3094
  • 0 Comments
  • Subscribe to this entry
  • Print
3094
Picture
The best view of this is on the weekly chart as it's been largely sideways for so long. Here we can see that the move up on Monday broke the main downtrend and there appears to have been a backtest of that trendline break yesterday which has so far held.

May be worth going long with a stop below yesterday's low of 12.3p. There's also the previous high of 13p which, if it holds, could act as support. If it goes below that 12.3p then it's probably a false breakout hence the need for a stop loss just below there.

Shares like this are very risky as they're so volatile so they need to be treated with extreme caution.
0
Trackback URL for this blog entry.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Sunday, 01 December 2024