RE: UK Stocks - Watchlist and Discussion (Premium)
Putting all of the charts out there is a way to reinforce your analysis and hone your skills. When you have slight doubts, its always best to stay in cash as you won't get hurt. Be like the vulture, hovering over the market, ready to swoop when the time is right.
SGRO has a big base, but I'd prefer a stronger pick up in volume. Look at the 10 year chart.
(2014-05-12, 09:25 PM)pcabc Wrote:(2014-05-12, 08:20 PM)shaunattwood Wrote: Time will tell. If the market is going to plunge all sectors will take out their 150 day ma's, and hopefully there'll be ample time to short. While Nasdaq stays above its rising 150 day, I'm inclined to take some long positions.
SGRO is in a solid uptrend and attempting to emerge from a massive 5 year base.
I note others are fully in cash. I've sold a lot and I'm not looking to do anything much right now apart from keeping an eye on the stope as the direction is not clear. Though Segro appears to be breaking out I'm not sure that I'd want to go for it due to the uncertainty. However, it is not an equity, it is an REIT. For context I did make some late trades this year and all bar FCCN have bitten me.
So why have I posted all these REIT charts if I am not keen on putting my money where my mouth is? Good question? Are REIT's different from equities? Am I too late for SGRO.L?