The Inchcape Thread

i reckon all the news is priced in, it has jumped about 25% in last couple of months on little volume most of which has been the xmas rally,i expect a major move down towards 1800p level which would a 130p gain on a short not to be sniffed at im short at 1928p.

Looking at the RSI on the chart we have a reading of 89.443 out of 100 very rarely goes above the sell signal at 70 and on the 5 times it did this year the price dropped may i also add the current reading is higher than its ever been before a sure signal to sell or short this stock.

My only concern is it may well run upwards some more due the normal after xmas push upwards on stocks into the new year on little volume but once this is out the way and im sure this stock is flagging up on all shorters hit list right now.

imho alias FUNDMANAGERS