XEL

Quick question: can someone confirm whether that spike down on 26 June 2012 to 35.84p is a valid price point please? Is it on Metastock?

Just wondering as it affects a targets.

TIA.

Just to add to the mix......

Perhaps something to think about - could just be a repeat of Sept 2012...

All the best

dl.dropbox.com/u/4385922/XEL_potential%20move.png

Hi RG2,

Closed above 110p resistance and at the inverse H&S neckline at 113.5p so bullish pattern playing out. Resistances are 139p and 150p, quite strong, so both below your average. There ought to be a fair amount of money waiting for a confirmation of close above 110p to buy as that's the higher high following a higher low.

Can't make any promises, but I added at 111p today.

GL.

Hi Remo,

my avg in XEl is 166. Wondering if I need to put in some more money to bring my avg down to 135. Or will I need to wait for a long time until it crosses 166. Thanks. RG2

If this can finish above 110 then it would be bullish and id target the 135 area.

Yep, that's a bullish close however there is plenty of resistance ahead so let's not get carried away:



dl.dropbox.com/u/20815047/XELdaily25_02_13.gif

There's 110p resistance and the iH&S neckline at 112.5p to get through first. Target then is 138/9p initially followed by a retrace and then 150p IMHO.

GL