SHP: Shire

Another good example of a 123 low breakout.
This also should be a free bet now.
Look how its finished above the main down trend line. This looks like the trend has changed and you would have been in this way earlier than the trend change signal. Only through charts can this be achieved.
DYOR

longterm_view wrote: On a 1,2,3 setup where is the best place to place your stop?

dl.dropbox.com/u/21384991/Shire%20Pharma...Plc%202%28DFB%29.png

Shire has broken 1802, requires close above.

Stop Below 1710 seems to far away?

Stop Below 1780, 1777?

Thanks

It seems far away due to the movement of this share. Since its trading at £18 .
Stops are meant to be below 1715 but it is quite far away .Its always meant to go below the 2.
this is a fast moving share.

dyor

On a 1,2,3 setup where is the best place to place your stop?

dl.dropbox.com/u/21384991/Shire%20Pharma...Plc%202%28DFB%29.png

Shire has broken 1802, requires close above.

Stop Below 1710 seems to far away?

Stop Below 1780, 1777?

Thanks

Thanks Remo
Can you pls attach a chart when you get some time? Also, whats the SL and target for this trade?

Thanks

Another 123 low possible??? Macd buy signal as well.
One to watch
The level for the 123 low breakout is 1802. So a finish above 1802

DYOR