XEL 123 Low

Got out at 87p. Made a nice profit but beginning to think this has more legs based on news.
Remo do you have chart with supports and resistance levels handy?

I seem to recall there are quite a few in the 90's and low 100's, but if you can confirm the major ones I'd be very grateful. I remember 89, 92 and 96/97 then around 101?

Thanks

It hovered around a range 100p for ages. No news gradually brought it down and down but might expect it to go back while awaiting news in more positive light. AGM coming up too. Like to know the chartist position.

Supports: 75.5,,,63.75(gap),,,57.75
Resistance: 88.75,,,95,,,100(trend line),,,106.78




dl.dropboxusercontent.com/u/4899609/xel7thmay2014.png

Zoomed out view

dl.dropboxusercontent.com/u/4899609/xelzoomedout7thmay2014.png

The good thing about a 123 low breakout is the fact that it could be the start of a new up trend.So you could be getting into a share that has finally bottomed. Obviously now the best entry has gone but well done to the guys that have entered this at the breakout. This should be a free trade now and the rest of the positions can be left for a greedy trade.
Thats what trading is about, Taking profits.

Thanks Richard for letting us know about this trade Thats what chartsview is about

SirRichardBunson wrote: A close above 75.50 would be the indicator

www.screencast.com/t/S4ghg5QcD

Thanks guys,

That was a nice little earner. Hopefully the start of me recovering my rather large losses on GKP! I'm a lot more cautious with my trades nowadays, not a bad thing ')

Hi Remo,

I have always just noted supports and resistances myself by eye from examination of historic charts, but is there simple reliable software available that readily produces accurate supports and resistances?

Thanks