(This post was last modified: 2014-04-06, 09:30 PM by pcabc.)
RE: UK Stocks - Watchlist and Discussion
My first post with some charts.
Premier-Farnell looks like it may just be on the cusp of breaking out. Relative strength improving. However, the recent downward spike in the cummulative force index is worrying.
Note, my relative strength calculation may not be the same as yours. I calculate it against MIDD.L, a FTSE250 ETF and subtract a exponental moving average from it to produce the line. Different averaging periods would produce different zero line crossings.
My exponential moving averages need checking, as they don't look the same as Yahoo's or stockopedia's, but the maths are very simple, something I am looking into.
Caveat, not actually shorted any stocks myself yet and probally won't short this one. However, Resolution, RSL.L, looks interesting.