Hammerson

wait for a close above trendline tomorrow
SL below 482
target 503

follow-up chart


we got close above the trendline on friday

SL below 482

This ones approaching the main trend line. Worth a long with tight stops.
Id even have a stop of 5 points .
dyor

This worked out for the first attempt basis but now it has breached the trend line.
So weakness may follow if this cant get above 487. This is the reason i only ever go long on the first attempt of a trend line and not the second so soon after

This is approaching its recent price high which was its highest level since its spectacular fall from > 1800 in the 2008 crash:



dl.dropboxusercontent.com/u/20815047/HMSOdaily24_04_13.gif

I have next resistance at 624.5p if 529.5 gets taken out but keep an eye on that RSI - there's always the possibility of a double top.

Long on a close above 529.5p. Failure to break that level could mean a drop to the trendline or below.

This failed to close above the recent high so I went short first thing based on that and the bearish RSI divergence (test of RSI downtrend yesterday):



dl.dropboxusercontent.com/u/20815047/HMSOdaily25_04_13.gif