BT group

BT group.
uk.advfn.com/p.php?pid=chartscreenshotsh...ASYjyw6dMiwD3d5Ac%3D

Bought a few....if we break below the 50 day ema line i could well get cold feet....but i think this should bounce now....
the overall markets is just pants atm....especially small caps. gtting smashed every day!

atb, wdik, dyor,
trendfriend

bt.a - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...DF14a+mU8AoZAS1Gg8s=

totally crap call here! i thought this would be the new rmg!
It should find support around the 200 day ema line...and i'm tempted to add....but it goes against my new trading rules!

going to hold and see..

atb, wdik, dyor,
trendfriend

HI TF,

I think I will wait... Looks more like it can go to 145 , charts attached...

ta
G

bt.a - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...cTmKmZ3DBasPiAsMmGY=

found some legs somehow....although its far from being totally convincing.
will add again if we get above 167.50p.

atb, wdik, dyor,
trendfriend

Structurally that looks beautiful to me. I wonder if we'll get a drop to close the gap (2h chart) to just over 158 before a sustained decision on direction (which I think will be bullish). I use sMAs 30/60/90 to get a feel for trend and for me yesterday was the first time that the down trend was challenged since the start of the current drop in SP on June 23rd. I've put this on watch with a view to trading it long. Current weakness in the US markets has me at >90% cash, so, clearly I'm concerned about all long trades.

Price has gapped down this morning to close the existing downside gap to 158. Currently its at 157.4. It starts to look like a speculative long trade on the basis of the SP being close to it's previous low (i.e. stops can be placed below 153). You could also argue that the price has back-tested it's break to the upside from it's descending TL resistance and is currently looking to reject the 157 area (that's the point I'd see as the back test).