RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-04-06, 09:22 PM)isatrader Wrote: Hi pcabc, it's an interesting group and could be worth you doing further investigations into them. I've attached the weekly charts to help you compare them to each other and a few notes below:Thanks. I have some charts myself, but I need to tidy them up as I've not got the best averages on them at present.
Quote:ITR has been in Stage 2 for a year an half and so there's a risk that the volume surge recently and parabolic move could be an end of Stage 2 move. So, you need to monitor it's next significant pullback towards it's 10 week MA imo and see how it reacts.
I wonder if ITR is one of the winning patterns in the chapter "Uncovering exceptional winners?". I have not bought it as the place to put a stop is a long way from the buy price making the risk rather high. As you say, waiting for a pullback sounds like the best plan for that one.
Quote: Of the other three the least extended are LG and HEI which are just making Stage 2 continuation moves from long consolidation bases. LG had the best relative volume on it's breakout of those two, and HOLN is short term extended and so would be prudent to wait for a pullback.
Tempted to get LG. HOLN did not look so good to me - volume not so nice. However, it seems to have the same price spike as the rest - added for comparison.