DGE

Yeah, this looks real good for a break of 2011 - very similar to the TCY set-up two weeks ago with the 123-low breakout and trendline close together.

Should target somewhere near the 2160p high hopefully.

Tips are doing fantastic at the moment remo - keep up the great work!

Hi whileyd
The measuring point is ,take the high point of 1 and the low point of 2 and project it from the breakout point.
That's how I generate a target for a 123 low.
Other ways is to target a strong resistance area. For profit taking.


chartsview.co.uk/learning/123-Low.html

Above explains it as well.

Remo

Hi Remo, have this on the watchlist from the tips. Thanks for the headsup
Provided this breaks out as you demonstrate, how would you measure the potential rise? Where would you take profit?

From this weeks share tips

This broke out of the symmetrical triangle today....Just barely thou.
Possible 123 low breakout near by for added confirmation. Long above 2011 with stops below 2 point


dl.dropboxusercontent.com/u/4899609/dge14thjan.png

This is from the share tips section from last week.

This is currently at the trend line. slightly gone through but its early days yet.
maybe worth a long with stops below 1910.


dl.dropboxusercontent.com/u/4899609/dge2nddec.png

Watch out for the RSI from that same price uptrend - it's already broken down which might suggest price to follow?



dl.dropboxusercontent.com/u/20815047/FTS...DGEdaily31_05_13.gif