Penhome: do you still use the following criteria or have you moved on & allowed more flexibility?
S 2 Chart
PEG less than about 1.2
At least 2 years of dividend growth
Little or no debt.
I remember this from way back in 2015.
Just out of interest
And perhaps Wincanton. It seems to be overloaded with debt and a pension deficit. I have seen it on bearish breakout screen, but didn't fancy the chart. Invariably a gap or moving average as to be back tested.
Well I actually sold out of Cloudera for a £9 profit (honestly) today as I didn't look at it closely enough. Racking up losses, it hadn't actually crossed the 200 sma and plenty of competition. If it goes up so be it!
I'm not sure I have any useful thoughts at the moment. I'm spending most of my time looking after my older dog who is suffering from repeated acid reflux. This makes it difficult to concentrate on charts for very long.
This was my last FSTE chart: http://invst.ly/6df6a
and my last comments were:
061117 thoughts on weekly log chart
This has been trying to move above 7550-7600 for the last five months and hasn't managed it yet.
On the other hand, it made a lower low in September
10sma dipped below the 30sma in September for first time since April 2016, not surprising if trading sideways
There's bearish divergence on the RSI, MACD and MACD-H with the MACD trending lower since October 2016 and is now
not being far above the zero line. I know that bearish divergence is quite common in a strong uptrend, but this doesn't look like a strong uptrend to me.
So my thinking is that it's at least possible that we're seeing a potential topping pattern forming here since May 2016.
For me to change my mind, this would need to create a new high (and higher low) somewhere above 7550-7600
Obviously it has broken above 7600 so I should change my mind. But, looking at the breakout and the indicators on both weekly and daily charts, I keep asking whether this is a false breakout which is enough to stop me going long and to keep thinking about topping formations. I'm not sure. On balance, if I had to take a view, I think I would trust the daily MACD which is relatively overextended and just crossing below its signal line. For me, this is the first alert of a potential reversal. As to an initial target, I would go for a 50% pullback of the December rally, so to around 7500.
I'm not sure that's of any help whatsoever but it's all I can come up with at the moment!
Thanks .. but not sure about a clue more shorts year before .
They put out a response to price movement days before ( it was going up )
Deutsche bank buying more day after that.
The RNS Friday was after hours.
Two above it in the table .. i have the first one . lol
Good to know penhome ( Careful with the Rip marksman will change that to ripoff lol )
He was calling people thieves and dogs the other week hope that was you and not me :-)
I came in three times 0.36 July 16 ......0.35 March 17 and.... 0.29 last June.
I sliced Friday .. how do you acc for a placing with AIM ?
In hindsight i should of concentrated on clln maybe the RNS was a warning for small Pis to dump ?
Two of mine there crazy. ( 1 & 2 )
Took a big hit on carrillion so take no notice of me lol
Surprised to get e-mail from beaufort recommending avanti was a buy.
Thought they were mates with TW.
But then again clln was a "cleaver" Brokers tip in 2015.
Think ill stick with my own picks of "racy little" AIM shares as Marksman puts it.
I was following WRES last year on the fortnightly review. It's now broken through resistance in the low 40s and is moving up on decent volume.
Resistance areas around 63 > 82 > 97 (red lines on weekly)
20/50/200 SMAs all aligned and rising
RSI relatively overcooked at 85 with price also opening/closing above the top band on the daily. So some cooling off may be in order. Weekly RSI also above 70 for first time since 2016.
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