RE: Watchlist - Traders method
I've been manually going through the FTSE 350 stocks tonight and am seeing a lot of Stage 3 tops forming, mostly above rising 30 week MA's, highlighting the extended nature of most, but the last two weeks has seen some very heavy damage a large amount of the FTSE 350 stocks.
One potential short I've noticed is Qinetiq Group (QQ.L) which is in Stage 4A and currently testing it's recent swing low. However, with today's rebound in the US market after the UK market closed, we could see some recovery on Friday in UK stocks, so hence why I'm putting it on the watchlist for the time being.
isatrader
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.
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.