KAZ

As far as I can tell, there's not a lot of resistance between here and 320p... have I missed something?



dl.dropboxusercontent.com/u/102203695/Sc...hots/Screenshot3.jpg

I am going to babble to myself a bit here, instead of actually talking to myself which is getting strange looks in my office.

I am unsure on where this might go, main resistance at 271 and that may have turned into support today, but too early to tell. Possible resistance at 281 but not much resistance after that for a while.

Stops should be pushed up close to 271 ( I always leave 3/4 points as I use IG).

But tempted to take the profit so far as that above stop would be 8 points lower than here, and wait to see if 281 gets broken, then ride from there. Could also set an order for 271 to see if it gets tested again, with tight stop.

Holy smoke am I learning some patience?

A couple of resistance points at 271 & 281 ish, I guess it's at the first of those right now.

So push stops nearer resistance in case it can't get through?

Trades like this is why I wanted to get into charting, I fancy the fundies (sssh) on this one, but trading via TA, hopefully a winning combination.

Interesting

Looks like a lot of resistance on the book at 264/5p (obviously taking the book with a bucket of salt)... going to wait for that to clear before looking to take a position.

Also not getting a particularly bullish vibe off of the move upwards either... seems a bit hesitant.

Of course, that's probably all a lot of mumbo-jumbo from a TA perspective!

Yes TF,
Through to 263.4/5 now, being driven almost entirely by AT's. I'm tempted to for a small punt on this now but I'm always a bit suspicious of AT driven rises. Just going to watch it a little bit longer before diving in.