RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-05-06, 09:38 PM)isatrader Wrote: No new stocks to highlight from today's scans of the UK markets. But don't forget to look through the stocks previously highlighted recently in the watchlist, as for example various stocks that were highlighted in Stage 3 have now broken down into Stage 4. And some stocks that were highlighted early in Stage 4A have pulled back to retest their breakdown levels.
I've been checking some of the sector charts and there are some big sectors (like banks, and food retailers) that look to in be in a stage 4 decline.
i can't see how the FTSE is so high yet the sectors, aside from a handful, don't look too great.
The Oil and Gas Producers Sector doesn't look to bad mind, it has had a breakout with come charts looking good.
Isatrader, are you able to give me your stage analysis views on COP.L. It looks like it is in a stage 1b which could potentially move into stage 2a very soon.