BBY

from last weeks share tips.
good example of a back test.

dl.dropboxusercontent.com/u/4899609/balf5thdec.png

This has broken out from the rounded bottom formation as mention in the share tips section on 2nd Sept.

This broke out yesterday from the level i stated a few days ago. Not convincing yet but a breakout never the less. Im long on this from the other day and now expect this to slowly move towards 300 area.
Ive still got my stops in play just incase the syria conflict causes jitters


dl.dropboxusercontent.com/u/4899609/balfour4thsept.png

This has been in my share tips section for a few weeks now.
This is building out a nice cup and handle formation and the breakout level to watch is 257.
The formation is really clear to see and this also is being supported by the trend line break which is giving this support as well currently.
When the breakout comes it should be powerful.
This should be in your watchlist


dl.dropboxusercontent.com/u/4899609/balfour2ndsept.png


Ive done a blog on this
chartsview.co.uk/Blog/balfour-beatty.html

I have opened some cautious Long positions today
Break of trading range and IB
Long @ 252
SL below 239
Target roughly 45 points

This bounced of the trend line perfectly on a first attempt basis.Another chart from the interesting chart section.
If this revisits that trend line(a few days apart) its too risky for a second attempt now.