SLE

screencast.com/t/bMm6hh0mYX

Long opportunity approaching on SLE? iH&S with a conservative target of 8.6.

Would welcome views from others on this trade.

Hi Shotry,

Yes, finally looks like there might be some buy signals about to appear on this one after many false dawns. Here's a slightly different take:



dl.dropboxusercontent.com/u/20815047/SLEdaily07_05_13.gif

The above shows a possible 123-low forming and the breakout would occur with a downtrend resistance breakout so could be a double whammy of a buy. It'd be nice if it waited a few days and broke both 7p recent high and the downtrend on the same day.

IMHO etc.

Hi shotry.
Good spot
Very near to the 123 low breakout point. You also got the short term down trend line near by as well.
The 123 low breakout point is at 6.99
the trend line resistance is at 7.27
so you could go long if this breaks and finishes above 6.99 but be aware of the resistance from the trend line.True strength will come if it also clears the trend line at 7.27.
The RSI is currently testing its trend line so if it finishes above then that may be an early indicator of a breakout.

sorry jackozy did not see your post...
more or less the same....dohhhh

remo wrote: sorry jackozy did not see your post...
more or less the same....dohhhh

Ha ha! Nice one remo - it ought to be similar - I learnt off the master!

Loads of news on this one today. Let's see if it can break those resistances....