Canaccord Gen Share Discussion Threads

[hassythebeast1] 24/4/2009 11:56

The pair is consolidating under the "triangle" figure's lower bound, being held up by resistance level 1.3080. After "triangle" got broken the market was supposed to rapidly make a leap down, but that didn't happen – downtrend impulse faded owing to support 1.2898 (the maximum on 02/25/09). Taking this picture to account there are 2 variants of events to develop:

1. The pair rises above resistance 1.3080, which speaks in favor of finishing of the "triangle" model and of the downtrend. Next, upon breaking above level 1.3155 an uptrend will take effect, having the target at resistance level 1.3320 (the higher bound of the "triangle"). A correction to 1.3155 is likely to happen from that level, followed by retesting of level 1.3300. If after that the pair will successfully rise above 1.3350 – a "flag", figure of trend's continuation, will take effect and level 1.3570 will become the pair's target.

2. The pair stays under 1.3080 and then goes below 1.2980 – in such case the pair will get to accumulation of supports between 1.2857–1.2776. In case the last mentioned support will be passed, the pair will head to 1.2525.

[rayrac] 03/12/2000 18:18

Thanks tw, can't get that from search on advfn, I have tried.

By the way, they sold out of Autonomy, Baltimore, Kewill, Atlantic Tel, Brands Hatch, Man Utd and NDS Group in order to fund AQP plus 5 others!

Regards
jACK

PS; It could be one of the reasons why the above deletions have fallen back so heavily? It does seem to show how the institutions are looking at stocks!

[the wah] 03/12/2000 18:04

AQP ,jACK.

[rayrac] 03/12/2000 18:01

Gartmore UK Smaller Companies Fund have a recommendation for Aquarius in their latest report, but I cannot find an EPIC! Is that because it is an Assie stock?

Anyway they say they think the platinum price is going to stay at present levels or better, therefore making it an attractive buy!

jACK