RE: UK Stocks - Watchlist and Discussion
(2016-10-18, 02:02 PM)isatrader Wrote:(2016-10-18, 01:31 PM)Smellypunks Wrote:(2016-10-18, 01:07 PM)isatrader Wrote: TLW.L - Stage 1B. Potential for a Stage 2A breakout attempt above long term resistance
I saw this one differently to you. I saw May as a breakout and August low as point B which went a bit below the April low and 30w ave. A similar pattern on DLAR at the breakout.
The A point you've marked up is too early imo,... <snip>
This is very interesting. I have third opinion and have been in TLW.L since the start of the month. See the chart below, look at the second arrow. The first arrow is from my virtual portfolio, please ignore. I viewed TLW.L as breaking out from a trendline in the beginning of the month.
As stated elsewhere I'm not doing as well as I was hoping so perhaps I'm trying to get into trades too early. And perhaps Isa's use of Ichimoku stands him in good stead. Understanding the reasons for the divergent opinions might be educational.