A CHARTISTS PRICE GUIDE FOR NON-CHARTISTS.

My apologies for the delay in replying .. I have nothing against your selection, its just been a bit of a struggle keeping up with all the requests on several threads, and trying to join in with the festivities with Mrs Fingers.

I try to catch up with replies late at night, when the family is asleep, but for some unknown reason, they wanted to stay up late last night .. something to do with New Year celebrations !! .. and I had to join in .. and I'm still feeling a bit delicate !!

Normal business will be resumed soon ..

MMD - 11.50p - MOTION MEDIA is getting close to 'decision time', and needs to be watched closely. Its being squeezed into the apex of a 'triangular formation', and one of the 'trend lines' will have to break .. the 'support' is at the 10p 'mid range level', the 'resistance' at the moment, is at the 12.5p MAJOR KEY LEVEL, but is still falling.



If the price can get above the 12.50p MAJOR KEY LEVEL, and reverse it to a strong 'support' level, it will then be 'onwards and upwards'. If it falls and closes below the 10p mid range level, this should be treated as a 'warning signal'.



Having recently climbed up out of the 'basement range' though, I doubt that it intends to return there, so I reckon the 'support' will hold, and the 'downtrend' will be broken .. keep us informed !!

'Streaming chart' to monitor for the breakout of 12.5p or 10p.


CEY - 13.25p - CENTAMIN EGYPT has recently fallen through the floor of its strong 'uptrend'. It has found the 'support' of the 12.5p MAJOR KEY LEVEL, and with rising indicators, it looks as though it is going to try and climb back above the 'uptrend' line, in order to continue its upward movement. An increase in 'volume' would help in achieving this.



A 'warning signal' would be a fall and close below 12.50p, which could see the price falling to the 10p mid range level.



'Streaming chart' to monitor the 12.50p support, and 15p breakout.


LGEN - 100.25p - LEGAL & GENERAL for the last 6 mths, has been held within its 95-105p range, by its 100p 'mid range' level, which is the strongest of the 'MAJOR KEY LEVELS'.



Whilst above 100p it has a greater chance of breaking out through the top of the range, and its chances increase, whilst above 102.50p. The opposite applies when the price is under 100p, greater chance of falling out through the bottom of the range, with the chances increasing when the price is below 97.50p.



At the moment its indicators are rising, suggesting that it is going to try for another breakout attempt of the top of the range. If succesful, expect some very strong sharp moves as it leaves this range behind. I would expect it to possibly reach around 120p following a breakout, but 120p is a very significant level, that will take a great deal of strength to overcome. If this level can be broken, it would be a major turning point from its 5 yr downtrend .. please keep us informed.

'Streaming chart' to monitor for a 105p breakout.