H&S formations

beachvibes wrote: Thanks Jackozy, does this mean the consolidation of shares could affect charting or how people see it by TA?

Yep it has a big impact as it messes the charts up. Good charting software can get around this but you should still be cautious until the share trades for a few months after the rights issue.(i think thats what its called).

Thanks Jackozy, does this mean the consolidation of shares could affect charting or how people see it by TA?

Thanks, BV. I guessed there was a consolidation but the charts still differ - I don't have that drop to c. 50p for your "head"...

That will be because of the 20:1 consolidation around the period of your spike on the chart.

Hi beachvibes,

My weekly chart of CNR covering the same period of time looks nothing like yours:



dl.dropboxusercontent.com/u/20815047/CNRweekly13_05_13.gif

The current price is well below what you've labelled as the head on my chart.

Jackozy or anybody else interested, does this look like it could be an ih&s pattern with the right shoulder forming at the moment? Fairly big moves of the past.

content.screencast.com/users/oiljim53/fo...6b52b3d/00000064.png