UK Stocks and ETFs - Watchlist and Discussion

#9
(This post was last modified: 01-07-2014, 08:47 PM by MalcolmSm1th.)

RE: UK Stocks - Watchlist and Discussion

Below is First Group (FGP.L).

This is one which I believe is leaving a shortish Stage 1 and could be entering a Stage 2.

[Image: FirstGroup-20140107.jpg]

There are some caveats here as this thing has has false dawns before, but that are what stop losses are for. I has, I believe been in Stage 1 since about May this year after it landed with yet another thump down a long and horrible Stage 4 run which has three downward gaps on this part of the chart alone.

The thing has been trading in the 100-120 range for about nine months and I do think that this may be an early Stage 2 breakout but, of course, history has shown that breakouts in FirstGroup tend to be rewarded with a thunderbolt from on high blasting the stock to even lower depths.

This is, I believe, a potential place to get in and, if so, keep the stops at around 110 or so.

- Malc

Pam: "I wonder what my name means in Welsh"
Nessa: "Why?"
Reply


Messages In This Thread
RE: UK Stocks - Watchlist and Discussion - by MalcolmSm1th - 01-07-2014, 08:37 PM
FTSE AIM All Share index - AXX - by isatrader - 01-08-2014, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-29-2014, 02:53 AM
Sharehunter.com February Article - by isatrader - 02-08-2014, 10:11 AM
UK FTSE 350 Mining Sector - by isatrader - 07-28-2014, 11:13 AM
UK FTSE 350 Sectors - by isatrader - 08-10-2014, 08:44 PM
UK FTSE 350 Sectors - by isatrader - 01-05-2015, 12:07 AM
UK Advance Decline Line chart - by isatrader - 01-31-2016, 11:34 AM
FRES.L - Stage 1B breakout - by isatrader - 02-04-2016, 07:16 PM
UK Advance Decline Line chart - by isatrader - 02-27-2016, 12:57 AM
PFC.L - Stage 1 - by isatrader - 03-03-2016, 02:01 PM
POLY.L - Stage 2A - by isatrader - 03-05-2016, 09:59 AM
UK Advance Decline Line chart - by isatrader - 03-05-2016, 11:25 PM
UK Advance Decline Line chart - by isatrader - 05-08-2016, 09:55 AM
FRES.L - by isatrader - 04-11-2016, 03:55 PM
Copper stocks - by isatrader - 01-08-2017, 01:13 AM
Cyber Security - by isatrader - 01-14-2017, 11:32 AM
UK AIM Stocks - by isatrader - 01-04-2020, 01:35 PM
UK Stocks - by isatrader - 01-07-2020, 12:40 AM
RE: UK Stocks - by isatrader - 01-08-2020, 01:48 AM
RE: UK Stocks - by isatrader - 01-09-2020, 08:51 PM
RE: UK Stocks - by isatrader - 01-14-2020, 01:00 AM
RE: UK Stocks - by isatrader - 01-14-2020, 11:33 PM
Sector Focus: UK Homebuilders - by isatrader - 12-26-2019, 03:02 PM
RE: Sector Focus: UK Homebuilders - by pcabc - 12-28-2019, 08:39 PM
Re: Sector Focus: UK Homebuilders - by isatrader - 12-29-2019, 10:48 PM
FTSE AIM All Share index - AXX - by isatrader - 01-08-2014, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-29-2014, 02:53 AM
Sharehunter.com February Article - by isatrader - 02-08-2014, 10:11 AM
OT: a bit - European cement - by pcabc - 04-06-2014, 08:54 PM

Forum Jump:


Users browsing this thread: 8 Guest(s)