RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-06-10, 11:57 PM)Tryst Wrote: True, although the following week, w/c 19th May, there was some volatility as there was a Dojo candle where it swung up then down and then closed just below support. It could have been seen as a false breakout, although looking at the MAs and the sector, and Mansfield RS, the likelyhood was for a push higher.
Yeah, personally I would have waited until last week for the strong close with volume increase above the original January high range, as needed that volume pickup. It has pulled back a bit this week, so it's in the breakout area still, but it is a volatile one like you said. So can see why you are finding it difficult to find the right entry.
Another thing to note is that OEX is dual listed in Australia and the UK, and so you need to consider both charts, especially the volume imo.
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.