WEIR bounced

dl.dropbox.com/u/4899609/weir.png

This ones perfectly bounced of trend line support and horizontal support.
This gapped up nicely today.
This is almost at the golden cross(50ma crossing over the 200ma)






im long on this but the stops is quite far away below the hammer.

So DYOR
remo

Nice

I'm running out of margin for all the good trades out there at the minute!

Tell me about it...lol

I've taken this one too, but only in a small way. I started with the stop around 1685 and have moved that up to 1695. I was looking at a target of 1800-1835. Does that sound reasonable to you guys?

yep.Thats a good level to aim for
remo

Hi

Just looked at this on iii charts. The daily RSi is falling - might a sell be best executed when the RSI hits the falling trendline? I have not traded this but might try a short when that happens especially if it coincides with a particular touch of a level like 1780/90 or upper bollinger. I would then close the trade when the gap is touched (say 1709). Still looking and learning.