POG - down 30%

Thanks remo.

I did go long at 79p, and out this morning at 91p.

I was in with 20£/pip.

Please find my chart and reason to get out at 91p...

Thanks
Kind Regards
G

Hi Remo,

what target do you have in mind for POG.

If I didnt get out at 91p, this morning, I would have got out at 99p.

ta
G

Hi paitech
My first target is 107...If that breaks then this could really take off.
if 106 goes then the next target is 140 . There is resistance around 110 mark as well.

Technically, POG has done a number of things today:



1. Broke out of the 1-2-3 Low

2. Broke out (and how) of the descending wedge (a bullish signal).

3. The MACD is ticking up slowly but nicely.

4. The DMI is looking good too, with the DI+ crossing upwards against the DI-. The trend is weaker on the daily, but this will not negate a bullish run.

5. A finish about a moderately strong resistance point (~99) would be nice!

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What remains puzzling, are the descrepancies between charts... Whose data is the most accurate? I think I know the answer to that one!

Libero wrote: Technically, POG has done a number of things today:

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What remains puzzling, are the descrepancies between charts... Whose data is the most accurate? I think I know the answer to that one!

thats some discrepancies ....what charting package are you using???

remo wrote:
thats some discrepancies ....what charting package are you using???

That is because I'm using the cheapest most rubbish package out there... IG markets!

And yet, oddly enough it is "working" insofar's producing some decent trades.

I know that eventually I'll have to step up to Metastock or Updata et al, but I'm putting it off because I want to justify the outlay by using these marquee packages properly, and at the moment things are so hectic that there's simply not enough time.

Roll on Q4.