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Imperial Tobacco

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13 years 2 months ago #3631 by longterm_view
Imperial Tobacco was created by longterm_view
At support of long term uptrendline. :)

Patience, what a lesson. :whistle:

Charts not working, sorry. :angry:

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13 years 2 months ago - 13 years 2 months ago #3633 by ronnie
Replied by ronnie on topic Imperial Tobacco
Here's a chart, gapped down and approaching trend line. ;)

File Attachment:
Last edit: 13 years 2 months ago by ronnie.
The following user(s) said Thank You: longterm_view, cautious tone

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13 years 2 months ago #3634 by longterm_view
Replied by longterm_view on topic Imperial Tobacco
Charts.

2 Forms of support. :) Horizontal and Trendline.

At 2351, give or take a few. :whistle:

dl.dropbox.com/u/21384991/Imperial%20Tob...0Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/Imperial%20Tob...lcuc%20%28DFB%29.png
The following user(s) said Thank You: ronnie, remo, MRA4, cautious tone

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13 years 2 months ago #3637 by redchilly
Replied by redchilly on topic Imperial Tobacco
LTV I wouldn't take a long position for 3 reasons -

1. Its gapped down twice
2. Its made a HH & a HL
3. H&S

You may get a trendline bounce and a gap fill but I would only think of going long if this closes above 2470

GL to you and Ronnie if you guys are already IN the trade! :)
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13 years 2 months ago #3638 by redchilly
Replied by redchilly on topic Imperial Tobacco
Sorry it should read a LH & a LL

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13 years 2 months ago #3639 by remo
Replied by remo on topic Imperial Tobacco

longterm_view wrote: At support of long term uptrendline. :)

Patience, what a lesson. :whistle:

Charts not working, sorry. :angry:


Good trade mate.
Its bounced of the trend line nicely.Thats the power of a good trend line on a first attempt basis.Hense why i always go long on an uptrend line. It should be a free trade now.

dyor

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