Pennant Breakout ?

Hi Hook,

Do you Day trade or hold longer term?

I am just starting out on the FTSE 100 shares and have a couple in play, I watch the 1 hour charts for potential setups. I usually only take shares that have a low spread to keep risk down.

Thanks

Jay

Jay, I dabble not supposed to really but I do .... whilst I'm waiting for my longer term (and often more reliable) set ups to mature.... I get terribly bored waiting and don't like "gambling" so I've dug out some potential breakouts which are likely to give me some short term action...

My chosen methodology is out of favour big name stox. Uk I'm looking at Azn, Cne, Yell and a few very sick retailers e.g Deb, Dsgi Wlw, Hmv .... Recent Winners have been Tate, Bgy & Drx but they took ages to mature ...........

Low spreads are a good idea and you might want to have a look at Vodafone which seems interesting.... But I could easily choose LloydsTsb which could be ready to blow soon. In fact banks in general are looking interesting .. e.g Barclays & Royal Bank.

Just a thought... :cheesy:
 
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HI guys. One thats on my watchlist at the moment is Galliford Try (GFRD), currently @ 177.

Have to say I haven't done much break out work, but this one caught my eye and I thought I'd monitor. So many companies have been trending reasonably 'straight up', I've tended to focus on them as the 'lower risk' route. I'm currently in TSCO, RPS and CW.
Thanks for Galliford - a real goodie just waiting to blow ?
Well done on Tesco ....... "my" only problem is that it won't come down for me to get on board - I really like the company though ....... I hear it's determined to become The World's #1.
 
Is it a bird ? Is it a plane ?

Dairy Crest @ 673
http://www.sharecrazy.com/share2607share/share.php?disp=share&epic=dcg

Nb - be careful this has a bit of a funny feel about it - but a big more is due - i think

Alliance & Leicester @ 1151
http://www.sharecrazy.com/share2607share/share.php?disp=share&epic=al.
more bullish about this one - lets see

Resolution @ 660
http://www.sharecrazy.com/share2607share/share.php?disp=share&epic=rsl
more bullish than bearish - lets see...

Alliance&Leicester takes off to 1200 .......:D
 
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