RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-07-01, 07:15 PM)shaunattwood Wrote: agreed, I've bought 300 at 1043 to get some exposure
also, there's usually a bullish bias around the July 4th holiday in America that spills over to world markets, hence might be good to add to longs
OK. Gone for it myself:
1. Overall FTSE100 looks late in stage 2 (caution)
2. Sector strong.
3. Volume, large increase to peak, fell away on drop into pullback.
(not as good as the book examples, but I rarely see much as good as book examples on UK large or mid cap stock).
4. Appears to have just turned the corner at the bottom.
5. MA30 rising strongly. (as are MA10 & 200 day averages)
6. Relative strength above the zero line.
7. Cumulative force / Price Volume Trend / On balance volume look sensible.
Lets see how this goes as I have not been good at buying on pullbacks to date, mainly have gone for initial breakouts. However, these seem to be so sharp that even the same day misses most of the increase.