Sxx

Not sure this is going sub 6p now since it's forming a higher low and looks to be about to test 8.5p again. If it does then I'll either enter on a close above 8.5p or on a retrace from there hopefully at something like 7.25p in what might be an ascending triangle. Target initially would be 11p and then maybe 12.5p after a retrace. It'll be very tough to crack 12.5p though. Here's the chart:



dl.dropboxusercontent.com/u/20815047/FTS...SXXdaily07_12_13.png

Yes, I know it's another AIM stock so beware and USE STOPS!

Jackozy, Hope your well, If we do get your trend line touch at 4pish then surely the 123 low breakout will be below 8.5 as 4p takes the sp to a new low and therefore a new 123 will be formed giving a top of 1 possibly below 8.5

Possible negative RSI divergence in play and 8.5p resistance held (previous support) so stops should be at b/e here.

I'm now waiting for a trendline hit at c. 4p or for a 123-low breakout on a close > 8.5p.

This moved > 30% in two days so plenty of profit should have been banked here - if not then you've just been greedy!!

Hope some of you managed to get into this near 6p. Should be a free trade now.

We're getting very close to the key support at 6p here now. If this bounces there it will have been a perfect play from the 30p double top target. Here's the daily chart from yesterday's close:



dl.dropboxusercontent.com/u/20815047/FTS...SXXdaily07_11_13.png

Make sure you have stops as this drop has been severe so there's no guarantee that it will hold here.

Thanks SRB - I didn't know it had been shelved for that long! All the more reason to treat and long trade here with extreme caution and bank profits if you get some. There's likely to be a lengthy general market correction between now and then...

This has been yet another lesson in selling major resistance and/or not buying until it closes above that resistance. A close above 30p was required to open up new highs here and it just never happened.

Another spanking for AIM investors I'm afraid...take profit, protect capital by using stops and don't be greedy. Easier said than done mind!