Aggreko

hi waverider.
It actually finished with a long legged doji. so indecision .
This actually filled the gap support as well yesterday.
If this can finish above 1620 then chance of a move higher in the short term.
Volume was a lot higher yesterday as well.

Monkeys- just another observation mate, there is a bullish MACD diergence on the daily. So just wanted to put the option that the hammer + the bullish divergence could also be a temporary stop of the falls.

Rgds

Looks like it's still punching in lower lows at the moment. I'd wait for a 1-2-3 low myself.

Looking at the weekly chart then around the 1370 level looks like good support if it falls further.


dl.dropbox.com/u/24866576/January%202013...C%20ORD%20310113.gif

Cheers,
M.

I was looking at some oversold stocks and Aggreko popped out.

I looked at the weekly and it seems that this could still go down to Support at about 1400 IMHO. Then look at the daily - this has a nice hammer formed today - but the only issue is that it has formed at no previous support. (maybe someone else can provide some rationale for this spot)

Weekly:
dl.dropbox.com/u/4385922/aggreko.png

Daily:
dl.dropbox.com/u/4385922/AGGR_Daily.png

I think this is a solid FTSE 100 company and there is some merit in getting in when there is some severe selling going on. Maybe not the time but worth a discussion?

Cheers