RE: UK Stocks - Watchlist and Discussion
(2016-08-05, 08:37 PM)odlareg Wrote: Nice clean setup.
I had a watch in PRT monthly 10000 units back to 2008. The bottom now in 2016 is at the same level as in 2008. Quite astonishing. I see these things a lot. It is something Stan mentions too.
It's a good setup, but it's not the A+ setup I try to focus on, as it's still just entering the resistance zone from early 2015. So it will need strong volume to push through the zone quickly. i.e. many more weeks of the same kind of volume as this week. So we'll see if there's interest from buyers in the coming weeks. Otherwise it could go higher initially and then consolidate or pullback a bit before it's ready to make a strong Stage 2 advance. So it is one I'm definitely going to keep an eye one in the coming weeks and months.
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.