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

POG daily 22/05/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 2730
  • 0 Comments
  • Subscribe to this entry
  • Print
2730
Picture
This tested the short term downtrend yesterday before dropping to test the 123p support half way down the hammer (this is quite common). It's now trying again to break out of this resistance. I'm looking for a close above 135p (yesterday's high) to signal a possible attempt at the next price resistance at 154p.

What we'll then be looking for is a higher low (above the 116p one from a few days ago) and then a 123-low breakout. Plenty of time before we get that far though. Trendline break and 135p to get through first. Looks OK so far though.
0
Trackback URL for this blog entry.

Comments

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

Leave your comment

Guest Tuesday, 08 October 2024