RE: Watchlist - Investor method
Another one for my watchlist for a potential long term investor position is SIG (SHI.L) which is in the FTSE 350 Support Services Sector (NMX2790) which has been outperforming the S&P 500 over the last year. As you can see on the attached long term Technical Attributes chart, it's recently made a monthly Stage 2 breakout following it's normal weekly Stage 2A breakout in early January.
The monthly breakout looks interesting as it's been basing for the last four years or so following a major Stage 4 breakdown in 2008 and as you can see the Technical Attributes score on the monthly chart has just moved to green across the board with a score of 8 out of 8 now, and the weekly Technical Attributes score has been on a maximum score of 8 since November 23rd and it's had a 52% move since then. So it has some promise for a potential investor position, but is quite extended, so I will put it on watchlist for the time being. Attached is my monthly, weekly and daily charts.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.