UK Stocks and ETFs - Watchlist and Discussion - Page

RE: UK Stocks - Watchlist and Discussion (Premium)

(2014-08-14, 10:08 PM)pcabc Wrote: I would imagine it is a little late to purchase RNWH.L now, being around 8% above the breakout level.

Yep, it is a day late on the breakout, but it could always pullback tomorrow, or you can position size to manage your risk with a smaller position, or choose a tighter stop loss like below this weeks low or some other stop loss method.

Sometimes what can look too high, is still only very early in the Stage 2 advance. See BITA now, which I highlighted back in October last year at 23.54 after it was already up around 400% from it's Stage 2A breakout level. It's 1100%+ from it's Stage 2A breakout currently, and shows what can happen when you get continuous A+ volume characteristics come into a stock.

       

Clearly RNWH.L hasn't had those volume characteristics, but the last few days were promising on the initial volume during the breakout, although it still needs a big volume day tomorrow to make the 2x weekly average requirement on a breakout week.

isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Reply


Messages In This Thread
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
Sharehunter.com February Article - by isatrader - 2014-02-08, 10:11 AM
UK FTSE 350 Mining Sector - by isatrader - 2014-07-28, 11:13 AM
UK FTSE 350 Sectors - by isatrader - 2014-08-10, 08:44 PM
UK FTSE 350 Sectors - by isatrader - 2015-01-05, 12:07 AM
UK Advance Decline Line chart - by isatrader - 2016-01-31, 11:34 AM
FRES.L - Stage 1B breakout - by isatrader - 2016-02-04, 07:16 PM
UK Advance Decline Line chart - by isatrader - 2016-02-27, 12:57 AM
PFC.L - Stage 1 - by isatrader - 2016-03-03, 02:01 PM
POLY.L - Stage 2A - by isatrader - 2016-03-05, 09:59 AM
UK Advance Decline Line chart - by isatrader - 2016-03-05, 11:25 PM
UK Advance Decline Line chart - by isatrader - 2016-05-08, 09:55 AM
FRES.L - by isatrader - 2016-04-11, 03:55 PM
Copper stocks - by isatrader - 2017-01-08, 01:13 AM
Cyber Security - by isatrader - 2017-01-14, 11:32 AM
UK AIM Stocks - by isatrader - 2020-01-04, 01:35 PM
UK Stocks - by isatrader - 2020-01-07, 12:40 AM
RE: UK Stocks - by isatrader - 2020-01-08, 01:48 AM
RE: UK Stocks - by isatrader - 2020-01-09, 08:51 PM
RE: UK Stocks - by isatrader - 2020-01-14, 01:00 AM
RE: UK Stocks - by isatrader - 2020-01-14, 11:33 PM
Sector Focus: UK Homebuilders - by isatrader - 2019-12-26, 03:02 PM
RE: Sector Focus: UK Homebuilders - by pcabc - 2019-12-28, 08:39 PM
Re: Sector Focus: UK Homebuilders - by isatrader - 2019-12-29, 10:48 PM
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
Sharehunter.com February Article - by isatrader - 2014-02-08, 10:11 AM
OT: a bit - European cement - by pcabc - 2014-04-06, 08:54 PM
RE: UK Stocks - Watchlist and Discussion (Premium) - by isatrader - 2014-08-14, 10:45 PM

Forum Jump:


Users browsing this thread: 5 Guest(s)