Bank Of Georgia Share Discussion Threads

[mr_bluesky] 19/10/2012 10:36

NT/NL: Morning fellas!
N3tley: If you can sort out the name then thats fine with me!

Micky: Some good links you have posted,but above is a really good one you have missed.Look at the chart patterns in particular and concentrate on the reliable ones with the highest rate of success like bullflags and head and shoulders in their variations.Getting to spot these has made me the most money in the last few months.

this thread should be about our thoughts backed up by strong argument to invest or not.I must admit I am more of a chart man so i will be posting alot of charts that i have drawn up that i think are about to break out.I do look into fundies but only the last trading statement or so.so if one of you is more clued up on things like financials etc then I am happy to pass that over for you guys to delve into just incase there are any nastey suprises hidden away like huge debt etc.

This could work out well if we use it right.I am a little busy over the next couple of days so dont be suprised if i dont get back straight away on posts.

I will be posting some charts when i get time though and would welcome any comments on them.

ATB

Mr BlueSky

[mechanical trader] 19/10/2012 10:30

Just going. Above post you
have more experince than me
but think we need ANYnew log in

at present.

Got to be catcy.

Cheers mick.

[mechanical trader] 19/10/2012 10:16

Come on Mr B S we need a new
logging in alpha.

right off for run. laters.

[mechanical trader] 19/10/2012 10:14

Just on the verge....

took my ages to remember

[mechanical trader] 19/10/2012 10:00

Right off out for a 5 mile run.


See u at lunch Time.

bluey give me your thoughts on
header etc. thanks.

laters mick.

[mechanical trader] 19/10/2012 09:51

SPD chart worth looking at.

Sorry software not workinf at moment.

[mechanical trader] 19/10/2012 09:15

hey calm down.

Just a new epic is required.

We can do well here the 3

3 traderkeeteres.

[n3tleylucas] 19/10/2012 09:10

he should have done KCUF ... made a right dog's breakfast of it all lol ...

Do you want me to do it?

[mechanical trader] 19/10/2012 09:00

got to sort the epic out bluey.

Its not user freindly.

[mechanical trader] 19/10/2012 08:59

by the way mr b S much appreciated your
effort here.

Should i call you BOWANA.

I have a warped sense of humour
please dont be offended.

[mechanical trader] 19/10/2012 08:53

Bluey when we are established
ill get us running up on twitter.

[mechanical trader] 19/10/2012 08:45

Ill transport some stuff
over for you to put in the header.

put in what you feel is OK.

Got 12 week chart breakouts freebie

could be a thread winner. Do you want it.

[mechanical trader] 19/10/2012 08:38

brill well done bluey.

[mr_bluesky] 16/10/2012 19:03

MTC bullish chart

[mr_bluesky] 16/10/2012 19:00

RBS chart from a few days ago.
just thought i would post this showing that RBS could be in for a nice little bull run.I also believe we will get the second biggest bull rally to start a year for 20 years next year(the biggest being this year).It may even come early.

[mr_bluesky] 07/10/2012 17:30

HFD chart 05/10/12:
This chart shows the descending resistence line which has been broken through and also the inverted head and shoulders(IH&S) which has also broken.Two very bullish signs.The share also double bottomed at 188p.When it broke out of the IH&S the MACD crossed over.Another sign that a rally was due.The MACD has crossed over again on this big gap up which also leap frogged over the 200dma and a number of resistences also.I would like to see it head up to cerca 346p over the next few weeks,but i suspect we will get a period of small retrace/sideways trading before hand.The gap up happened on good interims helped by the Olympics and the tour de france.I would expect HFD to keep capitalising on this as Xmas approaches.

[mr_bluesky] 06/10/2012 16:42

95p is the big one!!!...I'll explain! 95p represents strong historic support and also a break of this will also see the price breaking out of the descending resistence,both on the weekly chart. Cerca 95p is also horizontal resistence on the daily chart.That is why a break out of this price will prove very bullish IMHO.CLF is trading in an up trending channel shown on the chart.It is near the top now so i would expect a pull back next week to test the bottom of the channel no lower then 80p before a move onto tackle the mile stone of 95p.A break through of this should see an advance to c104p(the top of the channael again).the MACD is up trending with a wide zone and the RSI is in over bought which would also suggest a small correction.The price has broken through the 50dma and the 200dma on this rally and with the 50dma trending up I would hope for a Golden cross over the next few weeks which is uber bullish.What with all this positive chart action there is the fact that Samsung have agreed to fund CLF's West African activities in return to buy cheap gold off CLF all seems well placed for the rally to continue.Oh yeh! and lots of QE and the price of gold due to head over 2000 USD per Troy ounce..... whats not to like.

update 05/10/12:

The chart above on CLF i made on 23/09.It did retrace as i suggested,but further then the 80p that i had expected.It now sits at 76p and bang on top of the 200dma.Next week will tell us if this is just a back test of the 200dma and it will bounce up or if it will go down further to back test 70p.

[mr_bluesky] 06/10/2012 16:27

I made this chart a few days ago and my comments to go with it where.."This chart shows a break out of the falling wedge,a break over the 50dma and a bull flag set up just over the 200dma.all very bullish signs.it also shows that when the MACD crossed up the break out from the flag happened.i would expect the rally to faulter around the 180p resistence point and set up another flag before the advance again"...update 18/09: well the rally breached 180p and then pulled back below to set up the bull flag that I suggested.it has now broken out of that flag and set the scene for a further trip north.ATB

update 05/10/12:

The chart on CNR I drew yp a few days before i posted it on the 18/09.The 180p resistence was breached.infact it went up to 200p,but then dropped back again.It is now in a period of consolidation at 170.5p.

[mr_bluesky] 06/10/2012 16:20

EME chart: Just drawn this up showing a pot hole.you what? yes a pot hole.Its a bullish formation that,when seen in these circumstances,is very bullish and can lead to some serious gains.It is when a share side ways trades for a few days,suddenly drops down and back up again to resume the side ways trading again before a break out.Glad we cleared that up then! it also shows that the break out happened when the MACD crossed up.This is also a classic bull set up and the time to go long on the trade.The first target to clear is c9.5p and then there is the "biggy" at 10p.when it clears this it gets uber bullish for me.ATB

update 05/10/12:

This chart on EME i drew up on 15/09.Since then a potential bullflag has set up just under 9p.My thoughts on this still stay the same and I would consider making an entry point when 10p is broken.