(This post was last modified: 2014-07-01, 07:13 PM by pcabc.)
RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-06-20, 02:25 PM)shaunattwood Wrote: Might be worth buying back SN if it pulls back to the 950 - 1000 region.
Does not look like it is pulling back quite that deep. 1044 at the moment and it looks like it is turning back up. OK, so this might be a buying opportunity. However, is the volume good enough? I suppose also it would be a continuation if it broke out a little above 1100p. Is this a good enough chart for it to be worthwhile?
(2014-07-01, 07:07 PM)pcabc Wrote:(2014-06-20, 02:25 PM)shaunattwood Wrote: Might be worth buying back SN if it pulls back to the 950 - 1000 region.
Does not look like it is pulling back quite that deep. 1044 at the moment and it looks like it is turning back up. OK, so this might be a buying opportunity. However, is the volume good enough? I suppose also it would be a continuation if it broke out a little above 1100p. Is this a good enough chart for it to be worthwhile?
Also I note the situation with Astrazenica which was a recent failed aquisition target. Smith & Nephew is apparently also a target, though there is not the same stir in the press. Apart from a blip, which I assume adds local resistance, whether it did the share price any favours.