XEL 123 Low

A close above 75.50 would be the indicator

www.screencast.com/t/S4ghg5QcD

Hi guys, does it have to CLOSE above 75.5 for 123 low, does today's high of 78.25 not trigger it?

Clarification on this point would help

In my opinion Count the high of today has triggered the share to the watch list and not the trade.It has to close above 75.50 to confirm as I've seen this to many times so a tad of patience and lets see where this is going into the close, we do have a target of 90p so plenty of points to be had.

If your trading this share then generally you would go long on the breakout of the 123 low.
Im long on this and my stop is below 61.
But a finish is whats needed to confirm the trade but by waiting you wont get the original price and your risk reward would be different.
So it all boila down to your risk.


dl.dropboxusercontent.com/u/4899609/xel6thmay2014.png

What initial target are you aiming for please Remo, is it the trend line 83.75ish or the 90p 123 wave calculation.

Hi richard
about 89 as thats resistance

SirRichardBunson wrote: What initial target are you aiming for please Remo, is it the trend line 83.75ish or the 90p 123 wave calculation.