SSE

screencast.com/t/3B66k9i5J

I have a very different chart from IT finance. Just for information. I understand that there are often discrepancies.

This broke out of the trading range and is just testing the breakout currently...maybe worth a cheeky long with 20 point stop.

dl.dropboxusercontent.com/u/4899609/sse13thfeb2014.png

dl.dropboxusercontent.com/u/7238706/SSE%20PLC%20%28-%29.png

WW2,

I think SSE is possibly in the seventh swing of a corrective wave to complete wave B at approximately 1,275>45 area. It should then move higher, provided it doesn't extend.
Don't get caught out with these bullish divergences: they usually only signify a wave 3, as I would suggest in this case, meaning there is a wave 5 to follow, resulting in, what many refer to as a trap.

The alternative is wave B finished at 1,297 on Jan 15th, though this would be a very shortened wave 5. I certainly wouldn't consider it unless the current move takes out 1,384 with a strong RSI.

Hope this helps and good luck with any trade. It's certainly one I am keeping an eye on.

Jack - thank you for your analysis.

After some thought I am in gear to open up a long on CNA...

There is an increasing OBV, bullish MACD/RSI divergence and very close to support.

Any thoughts on this one? I am sure Diver is also sniffing about in the energy stocks

Cheers mate

This doesn't look all that clear to me and it could just be ranging. You can see on this longer term chart the importance of the price levels which define two equal sized ranges:



dl.dropboxusercontent.com/u/20815047/FTS...SSEdaily09_02_14.png

For me this would have to break the 1383 level before I'd go long or short on a break of the recent support.

To the experts out here - any chance of a technical view on SSE?
My take is that the sentiment has changed and potentially a change in trend...

dl.dropboxusercontent.com/u/4385922/SSE_09Feb14.png

My other analysis for this week has highlighted the following...Again some validation will be useful:

wood group - bullish divergence
Sainsbury - bullish divergence

Cheers