Imperial Tobacco

Nice engulfing green candle today
Bounce on long term trend line
On the hourly - it has a higher high.

Waiting for the inverse H&S before I go long..


Any views?

Sorry - chart being a pain this evening

I believe it to be a contracting triangle in an uptrend, which should be a continuation, but nothing is certain - hence the tight stop

Cheers Diver - my only concern is that this is an descending triangle. also remo's fav charts talks about H&S.
Only thing is that if H&S fails, then your charts will probably kick in.
I am waiting to see which way it breaks + if H&S materialises.

dl.dropboxusercontent.com/u/7238706/IMP.TOBACCO%20GRP.png

Gonna be long on Monday; SL 2208; target 2840. Looks perfect for a break-out. Thanks

can someone post their view on Imperial?
there seems to be a triangle (descending) forming on the weekly ?

dl.dropboxusercontent.com/u/4385922/Imperial%20Tob.png