UK Stocks and ETFs - Watchlist and Discussion

(This post was last modified: 12-07-2014, 12:43 AM by Tryst.)

RE: UK Stocks - Watchlist and Discussion (Premium)

(12-07-2014, 12:22 AM)isatrader Wrote:
(12-06-2014, 11:09 PM)Tryst Wrote: Isatrader, what is your distinction between FIF and JIL above to classify one in a stage 1 and another in a stage 2 continuation?

They both look very similar.

Both made a Stage 4A breakdown earlier in the year and subsequently recovered back into Stage 1 in the summer, but JIL.L has showed better relative performance and made a fresh Stage 2A breakout at the end of September above the swing high that had formed above the again rising 30 week MA, whereas FIF.L has not yet made a fresh breakout above it's swing high that formed above the 30 week MA, and hence has yet to move back into Stage 2A.

So JIL.L is in early Stage 2 again imo, and has the chance to move to new highs and hence a possible continuation, whereas FIF.L still hasn't moved back into Stage 2A yet.

ah, I see now. So JIL did go into a stage 1 but came out of it quickly. I was thinking you still had it as a stage 3 but potential to move back into a stage 2 continuation.

It can seem, for me anyway, that these types of charts can be quite tricky to call as they have effectively done the bulk of their stage 4 declines as the 30WMA was still rising.

Thanks for clearing that up.

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Messages In This Thread
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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
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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
RE: UK Stocks - Watchlist and Discussion (Premium) - by Tryst - 12-07-2014, 12:42 AM

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