Chart break through: CPW


Experienced member
Anyone noticed Carphone Warehouse (CPW) train leaving the station on news of post-tax profits going up 138% to £38m and a French acquisition increasing the number of customers by 620,000 raising their hope to be the European leader?

Up +8 (5.7%) at 149 on friday, big volume spikes on thursday and friday...RSI ticking up in a strong upward channel starting mid May...both stochastics up with K crossing over D...MFI and OBV bullishly ticking up...price broken through upper BB, might tetrace first but only to consolidate for another jump as the BBs also widening and ticking up together with all MAs in the correct order...

This one just got on my watch list...any views?

(no financial advice intended)


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May be worth a dabble, Riz.
It might bounce first thing followed by profit taking so there could be an opportunity with the right timing.


Experienced member
This one did well ending the week at 159...although retraced today by 2, looks like it may have another bounce after retracement...



Experienced member
Yes, retraced but rebounced successfully to 157.5...both stochastics and RSI sharply ticking up, the last V shape RSI bottom looks very interesting...

IN the mean time "UBS Warburg has raised its price target on mobile phone retailer Carphone Warehouse to 175p from 160p and repeated a 'buy' rating on the stock."

Still on my watch list...

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