Babcock intl

I have BAB at a decision point here. Short term tl resistance at 535/536. I haven't added to or reduced my position. I'm nicely down and obviously would prefer a bullish move. On the positive side, the daily chart does suggest a bottoming pattern. On the negatives side, my daily chart shows a gap to 515. These very often close. If it closes this gap, and depending up wider markets and my own positions. I'd be tempted to add. Waiting game for now.

I've closed half of my position this morning at a loss of 28p at 540ish. I think we'll see pull back to 536 area (to close the gap on the 2h chart). Price often goes beyond gap closure so I'll wait to see whether I get another entry signal lower down, possibly around 512/513 = rising tl support. I have no reason to believe that my original reasons for entering the trade are no longer valid. I remain interested.

I've closed out this position at a good loss.

www.screencast.com/t/e6GT3jV4ls

I'm currently back in here. Still looks good to me.

I’m currently long on this from 520 due to a possible 123 low formation...my stops are below the 2 point below 500...

I sold half at 538 at a profit and am looking to re-enter with my original entry (that would give me 1.5 times the original in total). I'm hoping to trade the confusion and gradually accumulate a larger position. Dropping below 515 or so today, brings into play the possibility of a fall to around 491 (small gap on the daily chart; data from IT finance) or 485 (gap on 2h chart). I'm hoping for the 485 gap as that is closer to stops below 481