BskyB

watching the hourly charts - it seems to be forming a nice ascending triangle

dl.dropboxusercontent.com/u/4385922/bsy1007.png

a close above 829 opens up about 25 points IMHO minimum

This should be a free trade now
This is bang on the resistance from the down trend line so profits would be taken from here and the rest to break even.


dl.dropboxusercontent.com/u/4899609/bkyb2ndjuly.png

waverider2 wrote: Remo - is this the hourly chart?
thanks

Hi wave rider....
NO ...That chart was done back in November and its from the daily chart. I just moved your post into this topic. sorry for the confusion.

Ive actually mentioned bskyb in my tips section.
This has a possible 123 low formation. If it can go above and finish above 802 then it should signal the 123 low and move towards the test of the down trend line at 820. For this to go higher it must finish above 820.
My tips section is for short term trading so 820 would be my target initially

Remo - is this the hourly chart?
thanks

What do you guys think of BSY? I think there was a recent divergence and 800 looks like the current resistance. There is also a range that is playing out.

Any views?

dl.dropboxusercontent.com/u/4385922/BSY2806.png

Cheers

This ones broken out past major resistance. This should head towards 850ish now.
It would be interesting to see what happens Monday morning.

DYOR