CASH - 96.50p .. CARDPOINT is an excellent stock .. it has been highlighted on the FAR2 thread on numerous occasions, which is hardly surprising considering it has been in a tight upward trend for well over 12 mths. I've also just added it to the 'BUK2 thread', which highlights similar stocks in a 12 mth uptrend.
It has now come up against the strongest of the MAJOR KEY LEVELS at 100p, but I don't reckon its going to hold the uptrend for long, in fact with all indicators rising, the breakout could occur very soon. Its last move has taken it out of the 85-95p range, and it is now within 'striking distance'.
The chart shows the strong moves that followed the breakout of the lower MAJOR LEVELS, and I would expect to see similar strong moves when the 100p level breakout occurs.
For confirmation of a breakout, it needs to 'CLOSE' above the 100p level, and to leave this MAJOR LEVEL behind, it needs to enter and close within the 105-115p range above. If it doesn't have the strength to enter this higher range, it will probably retrace and use the strong support of the 100p level, in order to consolidate and build up the strength needed to break away.
'Streaming chart' to monitor for the 100p breakout.
BIP - 4.25p .. BIOPROJECTS has 'come up against' the MAJOR KEY LEVEL of 5p, and a breakout of this level, will take it out of its 'basement range'. It is a major resistance level, which will probably need a good period of 'consolidation above 4p, in order to build up the strength needed to breakout.
Because of the strength that is going to be needed to achieve a breakout, if its successful, and 'CLOSES' above 5p, there is a very good chance of a few days of very sharp rises, that could take it up close to the next MAJOR KEY LEVEL of 7.5p. If this does occur, I would then expect to see a sharp retracement back to around the 6p level.
'Streaming Chart' to monitor for the 5p breakout.
