RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-07-31, 10:39 PM)isatrader Wrote: If you look at the daily chart you'll also note what looks to be a pocket pivot the day before the cheat breakout completed, and is another possible trader buy point. So it looks promising and is potentially tradable, but my only concern at the moment would be the broad market turmoil that has hit the last few days and looks like it effected it today, although it closed above the cheat handle breakout level. Nice find
Don't tell me nice find, I'll go out and make another impatient buy order... :-) Actually I've held back, I've managed a bit of self control. I'm a little late for the breakout from the cheat. So I'd think sit tight until it hits 152 would make more sense if I were to go for it.
Talking about market turmoil, I believe that I have a much better handle on the method now than I did towards the last quarter of last year. I don't just buy on price charts that look right, I look at volume much more, actually look at 'forest to the trees' etc but I'm having much less luck now. Of course, the sample is too low to be meaningful, it could be me or it could be a hint that it is a tricky time.