(This post was last modified: 2015-06-05, 09:37 PM by Tryst.)
RE: UK Stocks - Watchlist and Discussion (Premium)
(2015-06-04, 11:24 AM)Lplate Wrote: Indian power company OPG.L 106p -104.5p http://tinyurl.com/o8bpdwd http://www.google.co.uk/finance?cid=728739
Entry is tricky, though, as first target is only 110p.
This stock has appeared in the scans a few times in the last year or so, but if it can hold above 110 -115, then to me it looks hopeful
This looks like its in a clearly defined trading range. I've zoomed out very long term, You can see how the support of the trading range was resistance all the way back in mid 2008. Just coincidence, or do key long term support/resistance pivot points still hold meaning?
Agreed, if this breaks 110 on a weekly close with nice volume...I'm interested. Volume was good this week on the approach to resistance.
L.GBO
We did get the new 52 week closing high on good volume for the week, but not great volume on the day (just below average). This with the back drop of the FTSE losing over 2% in two days, so its relative strength to the main (FTSE) market is very good.
I added to the trade just before the close.
L.LAD - Stage 1 - one for the watch list.
I've been watching this one in it's downtrend for over a year. Technically it's very disciplined. It looks like it has finally bottomed into a stage 1 trading range with the MA's lining up quite nicely. Relative strength is positive too, and the sector (Travel & Leisure) is still quite strong.