Barratt: BDEV

BDEV Analysis, Weekly / Daily

F4T, would you mind confirming something please?

On the graphs attached for the trend lines, I have used closing prices as blue lines and extremities as red lines, because these paint two different pictures as to what is going on.

I'm also trying to work out if you use the weekly or daily charts to trade, as there is some confusion as to trend line breaks.



If you were looking to trade BDEV, on the weekly chart, using the blue trend line it has broken through, but using the red trend line the price is some way off.



If you then switch to the daily chart using closing prices, trendline purple, the price is some way off and nowhere near to breaking the trendline.





Hopefully this is clear, because i'm starting to confusing myself.

One to watch for a possible short on first attempt of gap fill (558)with tight stops above the high of 565.
That area should be strong resistance on a first attempt.


dl.dropboxusercontent.com/u/4899609/barrartt20thmarch2017.png