(This post was last modified: 2016-10-09, 12:12 AM by Smellypunks.)
RE: UK Stocks - Watchlist and Discussion
(2016-10-08, 07:20 PM)pcabc Wrote:(2016-10-08, 05:57 PM)Smellypunks Wrote: Yep that is what I am thinking. I quite like the look of IQE if we are talking technology, it has broken out on good volume, it is trying to get through 2 year old resistance.
Interesting, I lost money on that one in 2015!
I was not up to speed on market breadth at the time. However, since then I've been following it and doing my own calculations for the UK where I could not find a data source and some sectors:
Pity I was not a student of breadth at the time as the advance/decline and momentum indicators at the point I bought are not enthusiastically supporting the buy.
In 2015 it looks like you got in when the 30w ave was heading down and the stock was under the ave, Stan would not have approved.
Another sector you might like to look at is life insurance, SL.L and PRU.L both look ready to breakout.