See chart for description on what I see
Reason for Entry as described in the chart.
$REN I will be looking to short depending on Price action at the open. The stock is a previous runner where it managed to almost get to 9.00. However, following four days of solid volume with massive gains, the chart looks over extended and had fading volume. I will look to enter on the open or possibly into the late afternoon to hold over the weekend depending...
$CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda. However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short. I anticipate that this will follow through to 0.50 (and...
Standard Chartered shares are flirting with inverse head and shoulder neckline and appear poised to close the day higher. That would be confirm a bullish break and present a technical target of 831. However, as of now, that appears a big task given the banking concerns in Europe. Nevertheless, a bullish break on day end closing basis would open doors for...
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Monthly Support Bottom of the Weekly BB (10)