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RE: UK Stocks - Watchlist and Discussion

(2016-10-20, 11:18 PM)pcabc Wrote: So just to confirm, as my timing is often a bit sub optimal. This is a valid buy right now but if weekly volume does not confirm then sell on the rally? Or are you suggesting waiting until the end of the week? If the latter that can often be a bit late.

I realize this is this is a bit of a basic question for someone who has been around here for so long. However, sometimes I find it is good to ask the basic stuff, even if you think the answer is obvious, as I find it often provides clarity of thought.

Yep, imo it's at the investor Stage 2A entry point today, and so I'm considering buying it tomorrow personally if it still looks right, although I might hold on until later in the day to see if it confirms and meets the weekly chart criteria, but as the close today was good, I will see how I feel about it in the morning. As am out for parts of the day at work without access to my account, so can only trade it on the open or at lunch time.

The only thing that's putting me off is the volume, as the other criteria look good. Will sleep on it.

P.S. On your note about selling on the rally if the volume doesn't confirm. It's not something I like to do personally unless it immediately fails the next week, as light volume alone in UK stocks isn't enough of an indicator as UK volumes don't tend to have the same patterns as the US stocks. As volume tends to be much lower and spreads much higher except in certain areas of the market.

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.
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Messages In This Thread
UK Stocks and ETFs - by isatrader - 2014-01-07, 03:33 PM
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
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UK Advance Decline Line chart - by isatrader - 2016-01-31, 11:34 AM
FRES.L - Stage 1B breakout - by isatrader - 2016-02-04, 07:16 PM
UK Advance Decline Line chart - by isatrader - 2016-02-27, 12:57 AM
PFC.L - Stage 1 - by isatrader - 2016-03-03, 02:01 PM
POLY.L - Stage 2A - by isatrader - 2016-03-05, 09:59 AM
UK Advance Decline Line chart - by isatrader - 2016-03-05, 11:25 PM
UK Advance Decline Line chart - by isatrader - 2016-05-08, 09:55 AM
FRES.L - by isatrader - 2016-04-11, 03:55 PM
RE: UK Stocks - Watchlist and Discussion - by isatrader - 2016-10-20, 11:27 PM
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UK Stocks - by isatrader - 2020-01-07, 12:40 AM
RE: UK Stocks - by isatrader - 2020-01-08, 01:48 AM
RE: UK Stocks - by isatrader - 2020-01-09, 08:51 PM
RE: UK Stocks - by isatrader - 2020-01-14, 01:00 AM
RE: UK Stocks - by isatrader - 2020-01-14, 11:33 PM
Sector Focus: UK Homebuilders - by isatrader - 2019-12-26, 03:02 PM
RE: Sector Focus: UK Homebuilders - by pcabc - 2019-12-28, 08:39 PM
Re: Sector Focus: UK Homebuilders - by isatrader - 2019-12-29, 10:48 PM
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RE: UK Bank stocks - by pcabc - 2022-01-12, 12:47 AM
RE: UK Bank stocks - by isatrader - 2022-01-12, 01:09 AM
BHP.L Stage 2 breakout attempt - by isatrader - 2022-01-13, 12:29 AM
FTSE AIM All Share index - AXX - by isatrader - 2014-01-08, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-28, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 2014-01-29, 02:53 AM
Sharehunter.com February Article - by isatrader - 2014-02-08, 10:11 AM
OT: a bit - European cement - by pcabc - 2014-04-06, 08:54 PM

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