Tullett Prebon 123

Another one to keep an eye on
-RSI and MACD oversold
-MACD about to cross buy signal
- Possible 123 set up
-good risk/reward ratio
I may go long at the break of 229.20, stops below 223.50, and target at 300

Good spot from ftse80 earlier

Possible 123 low formed.OBV backing this up as well



DYOR

Hi Remo, I'm a nube so excuse me if I'm talking nonsense.

I noticed this 1-2-3 seems to be the opposite way round to the 1-2-3 low on your learning page. At least, the numbers seem to be in the formation of a 1-2-3 high. However, I do see a 1-2-3 low in there that looks like we have broken above the #2 buy signal.

Or, am I missing something?

GG

GG wrote: Hi Remo, I'm a nube so excuse me if I'm talking nonsense.

I noticed this 1-2-3 seems to be the opposite way round to the 1-2-3 low on your learning page. At least, the numbers seem to be in the formation of a 1-2-3 high. However, I do see a 1-2-3 low in there that looks like we have broken above the #2 buy signal.

Or, am I missing something?

GG

Hi GG
Thanks for Pointing that out to me.
I've got a bad habit of labelling them the wrong way round. Both ways are actually correct but it depends on individuals.
When I get some time I'll change it on the learning page.
Thanks for that.

This bounced of the 61.8 fib the other day. Thats a beauty
this was in the interesting charts section as well.

It looks like broker dealers are back in favour. First ICAP with double digit rises and now TLPR.

How would you play this, especially with possible market (index) tops?

Suggestions highly appreciated.

Weekly chart:
dl.dropbox.com/u/4385922/Tullet.png