RE: UK Stocks - Watchlist and Discussion (Premium)
(2015-03-27, 12:22 AM)isatrader Wrote: This is where the weekly ichimoku cloud is useful for determining where the true breakout level is that would be clear of resistance. See attached weekly chart which shows LRE.L is attempting to form a Stage 1 base, and to look for a breakout above the 700 area resistance for a clear move into Stage 2A. But it's still early in it's Stage 1 base formation currently, and is yet to form a higher swing low.I see you are using a weekly ichimoku - a different result comes from a daily one.