Schroders, Standard Chartered, Heritage Oil, Talvivaara Mining Company

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Shroders - meets all criteria - lower on the Stochastic - trading beneath price of last few months.  Rangy today but mainly due to closing price distortion of £9 on the day - most of day trading around £7 moving up to £8 in last hour of trade.  Buy pressure in the queue both short and long.  As the opportunity been taken away in the end of day trading shenanigans?  Buy up to £7.50 if proceed.

Standard Chartered - higher up the Stochastic - more likely to be gapped?  Trading below most recent levels.  Volume declined but price went up. Rangy stock.  Price increased consistently across the day from mid-11's to high 11's.  Buy pressure in the queue - most sellers in the queue are waiting for higher levels with positions held up to over a month.  If bought at 11.80 would need to sell at 12.15.  All sellers in queue are wanting higher than this.  The level of 12.15 has always been achieved every day for the last few months other than these last two days.  Monitor early morning activity.

Heritage Oil - inbetweener on the stochastic.  Price ranging recently and trading below recent levels.  Price edged up on the day from £1.70 to £1.85 before dropping back below £1.80.  Buy pressure in the queue but in terms of the spread short-term could drop.  Buy up to £1.79.

Talvivaara Mining Company - an example of Stochastic crossing - buy up to £1.97 - buy pressure in queue.  Cannot believe one indicator alone can point this - time will tell! - but certainly if alongside other indicators as here then it might be.

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This page contains a single entry by Stuart published on October 13, 2008 7:10 PM.

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