LSA CHARTING THREAD.........TA ONLY, page-249

Hi Bob

In yellow i have put together a likely scenario as to what might happen here.

You can see that the RSI and MACD have reached the upper red horizontal lines meaning it has maxed out and SP has blown the upper bollie just like LTR, it needs a breather , considering there is very little support from 3.8 to 3c, i believe this is where it will fall, allowing the indicators to reset somewhat.

You really dont want an FA to pop whilst everything is stretched cause you wont get full value, it would most likely be sold into the news if you know what i mean.

Consequently i took part profit @ 3.7 yesterday in accordance with what i have just explained.

I will put it all back and then some once it settles .

IMO

Not financial advice