(JJB.L) JJB Sports PLC Buy/Sell

32.88 +0.00 (n/a%) No change Add to portfolio Set Alert Level 2 Desktop Trader

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Author	uninformedJP View Profile \| Add to favourites \| Ignore
Date posted	2009-11-03 19:12
Subject	Re: 30.50 (+7.02%) View parent message
Votes for this Posting	Voted 10 times. Not voted down.
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A little bit of oversdue TA The MACD is negative but the moving average is hooking up toward the signal line, if we get another blue day tomorrow, I think the the average will crossover the signal line producing a buy signal. The RSI has hooked up nicely and is just below neutral thanks to todays performance, the important thing is it has hooked up The stochastic has just ventured out of the oversold area and %K line has just crossed the %D line producing another buy signal The Accumulation / Distribution indicator jumped by 20million today and is hooking up nicely We had been trading at the bottom end of the bollinger band, but thanks to today we have bounced nicely off this. We have bounced off the support of 28.x again today (thankfully) And finally today has produced a bullish engulfing pattern which if confirmed tomorrow should signal the start of an uptrend And the best bit of all is all this happend with an additional 400 million shares in issue. This quashes the idea that all fundraising attempts end with the sp drifting toward the discounted price in a mad panic to sell and bank the quick profit. It all depends on the company and the offers small print.
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