POG..how many are STILL watching this for entry?

Only for educational purpose.

This gap filled and bounced this morning from the nov 24th 2008 gap up. I know some dont agree with this type of gap as its not in the books but the whole idea of chartsview is to be unconventional and get different ideas from fellow traders that have there own way of trading. Just remember that people that write books tend to be writers and not traders.
The reason behind this gap trade is the price gapped up and the price never filled that gap from the right hand side as thats the future.
The days young so things will change by the end of the day so bear this in mind.



This is the gap from nov 2008




The days young but if this finishes with a hammer then i would look to go long on the price moving half way down the hammer with stops below from tomorrow onwards. This would be for a short term trade as i expect this to go lower in the long term unless we get a 123 low formation.

Since my last post this has dropped quite a lot. Thats the power of a range break.
The range is 140 points so the new target for this is 160.

Id avoid this share as its clearly in a down trend. The fact that its broken out of the channel to the down side is another warning that lower prices may be coming. This could go all the way back down to 150ish area .


dl.dropbox.com/u/4899609/pog4thmarch.png


dyor

there is divergence on the macd and rsi last time i checked.

i think it will go up, but i reckon it will take a while

my stop is at 290

only holding a small position £1000 worth

The question is weather it will hold 300p, or will it go to 258p?
its sad to see it was 415 only few weeks back...

ta
G
I hold few...and still hold..

this has now met the £3 target remo advised us about 2 years ago. what a legend.

is it hammer time today as well?