BG.

still hovering around this area Best place for a new long.
if this moves above 1247 then this should move a lot higher.



dl.dropboxusercontent.com/u/4899609/bg2ndsept.png

Bullish harami today so it should bounce from the shadow area. For me it should retrace a little more than 38.2% or 1224 after such a rapid ascent. Doesn't look done so I will wait and maybe miss, either is fine for me.

dl.dropboxusercontent.com/u/7238706/BG%20GRP..png

F4T,

Whilst my knowledge of haramis is precisely zero I do agree with your conclusion there may be a little more in this: there is plenty of support in the area 1197 - 1207 and those levels fall neatly into my target area between 50 - 61.8% of the previous swing.
I'll watch with interest....

this should be a free trade now for all those that bought this at support
If this now breaks out past 1272 then this should move faster



dl.dropboxusercontent.com/u/4899609/bg4thsept.png

This is in my expected target area now having hit short term support, however the combination of poor production forecasting (once again) and having some distance to RSI support have halted my planned entry. Longer term support is now in the 1200 area.
Disappointing production data and reduced 2014 forecasts will/have set a bearish tone that may take time to eradicate.

I will review when RSI support is tested. Shame as this looked promising. Bad luck Remo as you were on a nice run there.....

Tell me about it....
Lucky for me i took profits but was not expecting this to have taken me out like this. My stops were all moved higher but the gap down meant that all my stops were activated at a lot lower price. Gutted as theres nothing you can do when theres bad news announced before the market is open.
Thats the down side about the news.
Im staying clear for the time being as dont like the way it gapped down. Theres plenty of better shares out there for me.