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TOPIC: IMI PLC

IMI 17 Dec 2013 13:35 #1

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Im long on this already but thought id point this one out.
Possible 123 low formation for the short term and price has come down since but still valid.
stops should be below the trend line.


dl.dropboxusercontent.com/u/4899609/imi17thdec.png
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IMI 24 Jun 2013 09:54 #2

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Perfect trade.... B) B) B)
This is what normally happens when a trend line breaks after a long time. Thats why trend lines should be respected. :cheer:


dl.dropboxusercontent.com/u/4899609/imi24thjune.png
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IMI 21 Jun 2013 16:27 #3

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ive gone short now with a 20 point stop
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IMI 21 Jun 2013 16:08 #4

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This is bang on the trend line....
Normally id go long from here. But now with the markets the way they are im avoiding going long from the trend lines for the time being.
But i will short this if it goes through and back tests the trend line with tight stops.

If this goes through by 4.25pm i may take a small short with 20 point stop.


dl.dropboxusercontent.com/u/4899609/imi21stjune.png



dl.dropboxusercontent.com/u/4899609/imi21stjune1.png
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Last Edit: 21 Jun 2013 16:09 by remo.
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IMI 25 May 2013 09:32 #5

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This is looking good for a retrace to the target area between 50% and 61.8% fibs before proceeding higher.
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IMI 26 Apr 2013 18:03 #6

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This looks a good possibility and may well make 1550, though I'll probably chicken out at 1500 :) Certainly the fib structure is sound. I will enter on a break of the downtrend line from 1370 which is current 1260 but DYOR.
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IMI PLC 19 Apr 2013 14:19 #7

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Good example of how important support and trend-lines are, this touched support and bounced straight up.

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IMI PLC 19 Apr 2013 08:44 #8

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This gapped down today and is heading towards support and upward trend line, if it breaks both then it could possible signal a correction so one to watch.

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