RE: UK Stocks - Watchlist and Discussion
(2014-02-05, 12:59 AM)Tryst Wrote: here's a dreadfully bearish chart of Cine (run from the stage4 breakdown screencode from Isatrader above). It has even put in a double top major reversal pattern
I agree it's a very bearish chart. But my reason for not highlighting it when I was doing my manual scan through the results earlier, was that it's still above it's weekly cloud resistance that I use as a filter for support and resistance levels. So it's what I consider an "early" Stage 4A breakdown, and hence it has a higher probability of a rebound to test the breakdown zone imo before potential moving lower again. I might be wrong, but that's my reason, as I try to mostly only highlight the breakouts and breakdowns with little to no resistance, as defined by the weekly cloud position.
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.
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.