FGP interesting charts section

I was looking at high yielding stock today and noticed First Group pays a divi yield of 11%. A quick look at a long term chart and its at its low's of the financial crisis in 2009. I always thought they were one of the biggest Transport company's around so quite surprised at that.

One to keep an eye on maybe?

www.dropbox.com/s/ajvh9gae374oku5/First%20Group.png

PS....How do I post an image straight in to the post rather than as a link?

Did it

screencast.com/t/KRCg6aJOg

I've annotated the 4h chart above with my question. I would welcome any views on how to treat the break down point fro the rising trendline. Will it now be a significant resistance line? Any views on whether this represents a good long possibility? I had been looking to enter between 174 and 180ish, but am wondering if it's turning now?

Did we see a hammer yesterday at support(daily)? I am considering a long if finishes higher today as I feel this could be a potential reversal. Plus the dividend looks tasty although I see fundamentally all is not well at present.

Would also like to hear views on this.

Don't count on the divi, it's widely accepted that it'll be cut. Also I believe it went ex divi a few days. Lots of debt so plenty for bears to play with.

Sorry, Shotry, but I can't see anything that looks like a decent trade in FGP at the moment. Perhaps I've missed something but it's back below 198p (which was a big bounce pont a while back) so it may be headed back down to 140p support from yonks ago.

Maybe someone else can see something...