BULLISH ENGULFING ON DAILY CHART WITH STOP AT 6480 AREA. THATS IT. NO FANCY PATTERNS THAT DONT WORK. NO INDICATORS THEY ARE MERELY MEANINGLESS CRUTCHES FOR THE FEEBLE-MINDED. A SIMPLE BUY SIGNAL. TRY TO WAIT FOR A PULLBACK TOWARDS 6500 BEFORE BUYING TO IMPROVE THE RISK REWARD RATIO.
DAILY CHART. PLAY THE SHOOTING STAR FOR LOW RISK HIGH REWARD OPPORTUNITY. BREACH OF THE LINE TRIGGERS THE SHORT WITH STOP JUST ABOVE THE PIN. PROBABLY ONLY A COUNTER-TREND CORRECTION BUT THESE ARE THE PLAYS TRADERS SHOULD LOOK FOR. SMALL LOSSES AND BIG WINS.
DAILY CHART. I PLAYED THE LONG BULLISH ENGULFING AT 6450 AND ADDED ON THE BREAKOUT. I GOT STOPPED OUT AT 6750 AND FAILED TO PLAY THE NOW OBVIOUS SELL SIGNAL UNDER 6800. NEW DOWNSIDE TARGET AT 6450 AND LOOK FOR LONG SIGNAL THERE. ANY BREAKOUT OF THAT SUPPORT WOULD BE SURPRISING GIVEN THERE IS VERY LITTLE POTENTIAL RETURN FOR INVESTORS OUTSIDE OF STOCK MARKETS. BUT...
Following on quickly from the previous breakout shown, a fresh breakout in tech stocks showing a long only market and shorting this one currently for fools. Look to buy pullbacks.
Many insurers are breaking out, RSA is an example.Shows confidence in equities. Also the ECB will now accept equities as collateral from banks. Surely great news for stocks?
