RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-09-03, 07:20 PM)isatrader Wrote: ETQ.L
Thanks for the charts, Isatrader.
A nice gap up to 52 week highs back at the end of 2014 which never looked back. This does look like a high probability trade. One bearish pattern that could form from this is the Island top, which happened to Apple around 2 years back before their decline. A gap up then gap down which leave an island top.
Though looking at the daily chart going back 1.5 years this could potentially be in the last stages as its similar to a blow off top. DOW theory could be applied to this equity perfectly.