[Tryst]

WGB.L, will this make a continuation?

WGB made a clear continuation. It looks like it actually started it on the day you posted as it gapped up above the downward sloping horizontal resistance. This would have been a great a good entry point...and a missed opportunity as I am sure Isatrader posted this a month or so back.

The sector looks decent here (Household Goods), with the only issue being the volume...there isn't any!

WGB - Daily
   

WGB - Weekly
   

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GBO.L

An attempted break out on great volume today. There is another two days of trading this week, so the probability is high of getting a weekly close with the highest volume in over 12 months. The sector is very strong too.

Is this a stage 2A continuation or a stage 1 breakout...if it makes a weekly close above 59.25?

I've been watching this one for more than a year. So thanks for highlighting it, as I haven't looked at it for a few weeks.

It closed right on the Stage 2A breakout level of 59.25 today, so I'm going to try and get in this tomorrow if it gets above the breakout level.

I got in around 58.25 just before the close today. I was tempted this morning as even within the first 30 minutes of trading the volume was huge, and it had opened around 3-4% up and retraced to around 1.25% but I didn't buy in. I will add to the trade on a clear break of 59.25 this week.

My only doubt is the sector, it has risen quite steep. Wondering if a retracement to the 50 day MA may be on the cards. However, the strength of this share may override the sector retracement.

Time for a revisit of GBO. Looking back at it, if a stock played exactly the same way I would play this again. Sometimes you get a bit or luck, sometimes get a bit unlucky. I played this purely on technicals and sector. I had no knowledge of its headoffice being based in Greece, and then we have the Greece situation unraveling only a few days after the trade was placed.

I am still holding this trade as was caught on the blind side. The long term MAs are still intact (150/200) with a reversal candle showing on the weekly. If this breaks lower this week I need to seriously considering this trade (Admitting being wrong is still something I am still working on).

Daily
   

Weekly