Imperial Tobacco

im short on this as well now and have used the profits from the long entry to fund this
stops are 40 points away
The only part i dont like about this is the fact that its already moved 130 points today.

It has to finish the day below the trend line.Its still fighting it
Theres a big head and shoulder forming on this as well. The neck line is at 2255 so one to watch.
Theres a smaller head and shoulders as well which is the trend line were talking about which is still fighting this.

Closed long, (break-even) gone short, after penetrated uptrendline.

This trading lark!!

Redchilly

Remo said, could be a big drop. 5 Touches and now through.

A sign of a good trend line . If you look at the chart from earlier you can see that this share has bounced of 3 times now from the trend line since it formed.So currently 5 points of touch.
If this trend line breaks then lower prices should follow pretty fast. So now if it goes towards that trend line today dont re-enter as its been weakened for today.
Thats why the first touch rule of mine is pretty good on important levels.

close up view

longterm_view wrote: At support of long term uptrendline.

Patience, what a lesson.

Charts not working, sorry.

Good trade mate.
Its bounced of the trend line nicely.Thats the power of a good trend line on a first attempt basis.Hense why i always go long on an uptrend line. It should be a free trade now.

dyor

Sorry it should read a LH & a LL