RE: UK Stocks - Watchlist and Discussion
(2014-02-26, 10:32 AM)Lplate Wrote: Snoozebox http://www.ft.com/cms/s/0/4efd4d58-6357-...zz2uPzcGzb upbeat jtrading update recently pushed it into life from this earlier damning verdict., but needs break over 14p I think, It looks like if it moves, it will move fast.
http://www.google.co.uk/finance?q=LON:ZZZ
ZZZ.L is an interesting one Lplate. The strong volume move last week definitely brought it back to life. But it still has a declining 30 week MA and relative performance is well below a declining zero line, so I'd say it's moved it into early Stage 1A imo, and hence is too early yet for the method. But definitely one for the watchlist to keep an eye on.
I've attached the weekly chart (from yesterday) and also my Stage Analysis Technical Attributes (SATA) chart, which is up to date with today's price action, and shows the recent move has only moved the SATA score up to 2 out of 9. So, it's below average for a Stage 1A yet, which typically has a score of 5 out of 9. And hence may even only be Stage 4B- i.e. Although not yet “officially†in Stage 1A, the stock has now probably seen its low for the cycle.
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.