Trading with point and figure

[Dentalfloss]

dax 10600 pump or dump

 

[Dentalfloss]

dax 10600 pump or dump

dump
excellent
stops tightened

 

[Dentalfloss]

a horizontal supp area at 10548...there now

 

[Dentalfloss]

VOD is a bit messy
cant you think of another stock to buy ??

 

[Dentalfloss]

maybe EZJ ??

 

[Dentalfloss]

VOD in a minor downtrend from 240
215 area is supp
otherwise 200 area
there is ni real sign that supp is holding
IMHO

 

[Dentalfloss]

215 is a pivot area
prev rez on breakout...now acting as supp

 

[Dentalfloss]

217
if yu get in at 220 area...prepare to possibly bail out at 230
there is an active vertical count...target 240
longer term count is 260..ish

 

[Atilla]

VOD in a minor downtrend from 240
215 area is supp
otherwise 200 area
there is ni real sign that supp is holding
IMHO

Thank you for this and do agree as it looks like the 5% dividend may be under threat. Directors also selling so will hold off for a lil while but still feel it may well be one that is a defensive cash generative with a reasonable dividend buy should the pound continue falling.

Will continue watching. 👍

 

[Dentalfloss]

ok...got it now
there is an uptrend that started post brexit on 60 min candle
peaked at 240 on 18 august
went into a minor downtrend and has flatlined ...217 acting as support
there is an inkling of a new uptrend forming

 

[Dentalfloss]

Thank you for this and do agree as it looks like the 5% dividend may be under threat. Directors also selling so will hold off for a lil while but still feel it may well be one that is a defensive cash generative with a reasonable dividend buy should the pound continue falling.

Will continue watching. 👍

its might be worth a quickie ..if you get it sub 217...make sure its turning

 

[Atilla]

maybe EZJ ??

I don't think EZJ is very happy about the impact of Brexit on it's biz.

Looking at global industries that'll benefit from sinking pound with good divis.

 

[Dentalfloss]

3I group
a pumper
BAE also
Compass

 

[Atilla]

its might be worth a quickie ..if you get it sub 217...make sure its turning

Yes the fluctuating pound and Brexit raising lots of buy and sell ops.

Love Theresa May's leadership too. All well and good. Bring on manufacturing and engineering. 🙂

 

[Dentalfloss]

ezj a dog...just looked at the chart
look at gkn and rolls royce

 

[Dentalfloss]

gkn
prev supp was 350...now its rez
could break rez

 

[Dentalfloss]

pru testin rez at 1436..was prev supp
could break that

 

[Dentalfloss]

sage a pumper
unilver also
include wpp

 

[Atilla]

sage a pumper
unilver also
include wpp

Thanks Dentist, will look at and work through them. With pound falling I anticipate FTSE will continue climbing.

I did think it would reach 7000 but only by Xmas. I now think it may go for 7500.

BAE and other engineering firms likely to do well imo too.

https://www.google.co.uk/finance?ch...ON:BAB&ntsp=0&fct=big&ei=TSr2V7H-JJGUULPJnPAO

You can see from these charts after Brexit referendum they've dived into BABcock as well as BAE.

Great stuff. Like picking apples from a tree 🙂

 

[Dentalfloss]

afternoon folks