Hammerson

At the top of triangle, trying to break-through but retreating down

Hi Remo,

(not wishing to steal your thunder from Share tips, indeed thank you for the heads up!)

This is looking interesting:



It has fallen out of one trend line, and could be heading towards another (I took the liberty to draw it)...

Now, the daily candle looks like a inverse hammer no?

As ever, any feedback from the technicians here is appreciated!



Good luck folks, and be safe (the VIX is slightly elevated, and this has become the norm on POMO event-days).

This ones just broke out of the head and shoulders pattern.
this is from this weeks share tips


dl.dropboxusercontent.com/u/4899609/hmso24thjune.png

Yep, that's how I see it Shotry. That 521 support came in to play yesterday but looks like it's struggling to hold on now. We really should have waited for a close below that as it could simply have been testing the last breakout until this afternoon. I know I jumped in early on this.

My targets are same as yours: 506 initially then the trendline if that goes which is at 480p today.

screencast.com/t/GERqN4OEBx

Didn't see that you'd gone short J and not yet read your post, will do once I've posted this. I'm hoping that I've interpreted the trade ok. Would very much welcome your input.

This failed to close above the recent high so I went short first thing based on that and the bearish RSI divergence (test of RSI downtrend yesterday):



dl.dropboxusercontent.com/u/20815047/HMSOdaily25_04_13.gif