(2018-07-14, 12:10 PM)Tryst Wrote: That consolidation triangle on BPC.L is textbook. Gutted I didn't see this one earlier to try to catch the continuation breakout
Yes, I supposed you could try to catch it if it pulls back to the breakout level but any stop will be a long way away and this one will be volatile. Mind you, spread is nearly 6%, so surely, unless it went the way you wanted it would put you at a disadvantage?
(2018-07-14, 12:10 PM)Tryst Wrote: That consolidation triangle on BPC.L is textbook. Gutted I didn't see this one earlier to try to catch the continuation breakout
Yes, I supposed you could try to catch it if it pulls back to the breakout level but any stop will be a long way away and this one will be volatile. Mind you, spread is nearly 6%, so surely, unless it went the way you wanted it would put you at a disadvantage?
true, the retraction could coincide with the 50 day SMA on the daily. I will keep an eye on it.
(2018-07-14, 12:10 PM)Tryst Wrote: That consolidation triangle on BPC.L is textbook. Gutted I didn't see this one earlier to try to catch the continuation breakout
Yes, I supposed you could try to catch it if it pulls back to the breakout level but any stop will be a long way away and this one will be volatile. Mind you, spread is nearly 6%, so surely, unless it went the way you wanted it would put you at a disadvantage?
true, the retraction could coincide with the 50 day SMA on the daily. I will keep an eye on it.
Didn't know the spread was so big on this one
It seems to me that the stocks with the clearest volume patterns either have huge spreads, massive volatility, or both. I'm not even sure that volatility & liquidity directly relates to market cap.
Softcat, SCT.L is worth a look. Continuation, though period a bit short. Volume very nice. I wonder whehter UK is a good market for myself? Sector information is harder to find to plot relative strength and I beleive that the breadth is not as strong as the US at present.