(2013-10-16, 05:50 PM)Locked in Wrote: Posted this one months ago and have been averaging in. It finally broke out today on some nice looking volume thus far. This chart was last updated yesterday but it did break out today imo..The reason I like this one is that Spanish and Greek (and Italian) stocks have recently crashed and I am all about finding the recently humbled markets. This one in particular seems to be the strongest of the Spanish banks and unless we see the country drop out of the EuroZ (which is a possibility), the stock should continue its upward trend as the country continues to make gains economically.
Currently @ $9.05
Looks like a great inverted head and shoulders reversal pattern on that chart, Locked In'. The neckline looks like it is exactly the horizontal line you have drawn. A break in that and a surge in volume will be good...which I think you say has already happened. Can you post an updated chart?
(2013-10-17, 10:12 PM)isatrader Wrote: Some UK stocks for the watchlist
Thanks for posting the LSE/AIM stocks, Isatrader.
With charts like this which seem to have broken into early stage 2, would you have already built a position at this point or do you wait for pull backs. As in your last post of LSE stocks, Cairn energy is really the only one who hasn't ran away. I would be tempted but I believe its sector 'oil & gas producers' isn't doing to great. It needs to clear 310 to free itself of the most recent significant resistance.
Thanks