3I Group plc (III)

[genti]

Hi,

this one had a good runn, and in a years time has come back from 595 three times and now is nearly there , will it pass 595 this time?

by the way im short on this one, from Friday ( 574)

Any thought are welcome.

all the best
Genti

 

[barjon]

Genti

okay then.

In the bull corner. After stuttering for a week 3i powered through 516 swing high (21/3) via a rising gap on 28/5. I've been long since then. The strong 595 resistance looms large but breaking through it will be an equally strong bullish signal.

For the bears: 14 day rsi is very high just at the point when the resistance level comes into play. Any nervousness in FTSE100 trend will likely cause a pullback although the rising gap at 526 should provide support.

No forecast, just watch developments. One of us should make money - maybe both with different timescales. By the same token we could both lose!

Good trading

Jon

 

[genti]

Jon,

III-> cant even think about 595 so far,

by the way i got rid of my position at 560, few nice £. and im prepare to sell it again at 595

regards
Genti

 

[barjon]

Genti

Still long but raised sl to assure +20 in case Dow can't hold 9000. If it does should see 595 again pretty soon and around there will be my exit assuming it stutters. Or, if it advances strongly I'll hold on and trail sl.

Good to see we can profit from both sides!!

Good trading

Jon