RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-04-24, 06:15 PM)isatrader Wrote: Here's today's stocks for the watchlist - CEY.L, MOIL.L
I do like the look of CEY. Potentially ground breaking fundamental news released today re. its court case and 3rd party claims. Its gapped up above resistance, so taking a position now would be a bit in no mans land. Maybe wait to see if tests support (previous resistance).
Isatrader, with MOIL, what is your staged analysis take on this one? Is it still in stage 1 until it sticks a weekly landing above your 2nd resistance line? So a close above this resistance would be bullish tomorrow...as it starts a stage 2A?
The oil and gas producers sector is one of no trend, so would you still consider a trade in that case?
Re. the oil and gas producers you can see that some stocks are in bear markets while others the path of least resistance is higher, which explains the sectors lack of primary trend.
Thanks