WPP

Shotry wrote: screencast.com/t/ThuiwhvOq

Set a limit buy on this according to the above chart. Would welcome views from others.

Retesting breakout/gap support.

just saw your chart...1085 is a good area for stops

There's a significant resistance at 1120 from 2 May 2000 (lol) which it reversed off today.

I'd go long at 1096 from the recent high with a tight stop, or short with a stop above 1120p. There are multiple bearish RSI divs and a bearish OBV div too. Plus there looks to be a clear 5 waves up from the June 2012 low:



dl.dropboxusercontent.com/u/20815047/WPPdaily09_05_13.gif

Given this dilemma, perhaps it's best to wait for a clearer signal? Sorry to confuse matters!