XEL

Yes, I agree with that hence I'm waiting. There has to be a higher low at some point and that will set up the 123-low. It's just a question of at what price it will occur.

Id wait for the retrace before jumping in.
The retrace may set up the 123 low formation required for a possible low forming.
id target the 97 area for longs with stops below 90 if you were to pre-empt the 123 low.Bit risky
That area will be the 50%fib retrace from the low to the current high. This all presumes the current high is the high so bear that in mind.If xel goes higher then you would have to re-adjust the fibs to incorporate this.



dyor

Here's the standard daily p&f chart with 1x3 box setting based on closing prices:



dl.dropbox.com/u/20815047/XELdailyp%26f10_01_13.gif

It's only if we use high/low prices instead of closing ones that we get an active upside target of 116p:



dl.dropbox.com/u/20815047/XELdailyp%26fhl10_01_13.gif

The daily closing prices p&f chart has a (met) target of 105.25 but only when we use a 0.25 x 3 box size.

As you can see, we have to manipulate the p&f settings to get what we want to see. A few days of consolidation like a bull flag would soon generate some targets though.

Hope that helps more than my previous answer!

I agree that the close looked strong but, rather strangely, there are no upside targets on the main P&F charts. I can get some but I have to use unusual box sizes to generate them. I suspect that this is because there hasn't been a correction since the 83p low - you need a correction in order to trigger the upside target from the previous rise for P&F.

Has anyone got any P&F targets? The momentum looks really strong especially looking at the close today. Tomorrow's opening could potentially be orgasmic lol

thanks for the chart Jackozy, I nearly bought the spike again and added...but remembered the 106p from last time....I went for a walk...glad I did.
I want one final chunk in the ISA to average down then leave it until take over or production, I look forward to the 400p days again !!