[MIDWEEK WRAP]
BP Seems to have broken through the resistance quite strongly today, closing at 583.5p. Stochastics still +80 and a bit messy, but this stock looks good. If this stock ticks up at all tomorrow that would be my entry signal.
Short term price target 604 with scope to 625.
BAE Systems formed some good horizontal support these last few days and jumped up 2.89% on good volume today back into the trend line. Good stochastics signal, MACD showing early signs of reversal. This needs to get some breathing space from 465.
Short term price target is red mid-line depending on strength to upper trend line.
A lot of resistance at 234.5 for MGCR. This has started to pull back off that. Bearish MACD, low volume, stochastics looking very bad in the short term. Starting to form a good upward channel in the medium > long term.
Keep an eye on the stochastics for an early signal here, I think this will bounce off 207:208 for another move up.
ADN slowing, but still on course for 150.
PMO testing me here which is good. Big 6% surge today, but yet again still just at the top of the trend line. This is up long, but I wouldn't be getting in - either wait for a pullback or once it's cleared the trend line.
LMI really trying hard now to break the 3315 zone. Big big spinning top today. Wait for a break out of the short channel of 3170-3315 before making a decision on the direction here.
BKG started to attempt a slip off the trend line. Down a few percent over the past few days. Doji, if it's up tomorrow that's good, if it's down over 1.5% my target is 885.
Bearish few days for SHI - I'm out of my holding for a small profit. Still a drop to the lower trend line which is holding strong. Looking for a bounce and a break out over 800 for entry signal.
VPC up 8% today on high volume to smash resistance at 720. Short term price target of 800 looking very likely by the end of the week.
Watching ADM, NG. and PET for some reversal signals. ADM the most likely, lows on NG. and PET and soem double bottom action - but not good for TA as it stands. NG. entry on move over 697, PET on a clear bounce off 90, ADM on clear bounce of lows at around 733.
DES representing an excellent long term play with entry under 88p, as are the other FI oilies RKH, BOR and FOGL. DES and RKH my preffered of the 4.
Short term price target 604 with scope to 625.BAE Systems formed some good horizontal support these last few days and jumped up 2.89% on good volume today back into the trend line. Good stochastics signal, MACD showing early signs of reversal. This needs to get some breathing space from 465.
Short term price target is red mid-line depending on strength to upper trend line.A lot of resistance at 234.5 for MGCR. This has started to pull back off that. Bearish MACD, low volume, stochastics looking very bad in the short term. Starting to form a good upward channel in the medium > long term.
Keep an eye on the stochastics for an early signal here, I think this will bounce off 207:208 for another move up.ADN slowing, but still on course for 150.
PMO testing me here which is good. Big 6% surge today, but yet again still just at the top of the trend line. This is up long, but I wouldn't be getting in - either wait for a pullback or once it's cleared the trend line.
LMI really trying hard now to break the 3315 zone. Big big spinning top today. Wait for a break out of the short channel of 3170-3315 before making a decision on the direction here.
BKG started to attempt a slip off the trend line. Down a few percent over the past few days. Doji, if it's up tomorrow that's good, if it's down over 1.5% my target is 885.
Bearish few days for SHI - I'm out of my holding for a small profit. Still a drop to the lower trend line which is holding strong. Looking for a bounce and a break out over 800 for entry signal.
VPC up 8% today on high volume to smash resistance at 720. Short term price target of 800 looking very likely by the end of the week.
Watching ADM, NG. and PET for some reversal signals. ADM the most likely, lows on NG. and PET and soem double bottom action - but not good for TA as it stands. NG. entry on move over 697, PET on a clear bounce off 90, ADM on clear bounce of lows at around 733.
DES representing an excellent long term play with entry under 88p, as are the other FI oilies RKH, BOR and FOGL. DES and RKH my preffered of the 4.
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