[ Home » Tip of the day » Three shares set to move sharply from Zak Mir of Zaks-TA.com on UK-Analyst.com ]

Three shares set to move sharply from Zak Mir of Zaks-TA.com on UK-Analyst.com

181 Days ago (2010-03-10 16:03:52)

Print this Article

Three shares set to move sharply

By top chartist Zak Mir of Zaks-TA.com

Standard Life (SL.)

I still have a few bonus shares left in Standard Life, but my holding was sold out at 233p in October and it would appear that the shares have not been able to get over this blow. The current charting position is that while there is no end of day close below the floor of the August rising trend channel at 195p one would be pencilling in a top of channel target as high as 220p over the next one to two months. This is particularly so given the latest weekly close above the black 200 day moving average at 202p.

Do Good with every Trade!
Trade UK Shares online for only GBP9.99
All limit orders FREE
Telephone Dealing from GBP15
No transfer in fee
ISA service provided
Yearly account fee only GBP 5
25p of each trade is donated to Woodlarks
ShareCrazy Trader - trade shares online

Costain (COST)

It is hard not to get a sinking feeling as far as the daily chart of Costain is concerned, particularly given the present of what was clearly a bear squeezing spike for the stock in August. While there is a chance of a retest of the black 200 day moving average zone at 26.5p, and this make be worth a bottom fish for in the interim, the overall pattern here is a sell into strength, and it is probably sensible to act accordingly. The next target on the downside is the 2009 price channel floor at 22p over the next couple of months.

* The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Financial spreadbetting is a higher risk activity the losses on which are theoretically unlimited.

Renesola (SOLA)

It is probably fair to say that stocks whose daily charts are currently sporting a blue 50 day / black 200 day moving average golden cross such as is currently being see with Renesola, have to be regarded as part of the technical elite of the stock market. This is because the upside scenario should be that much more reliable than in most other "bull" situations. At least for this stock one would be looking for a three month target as high as the top of a November resistance line projection at 215p, particularly while there is no end of day close below the 200 day moving average now at 157p.

Zak

Best Wishes,

Zak Mir

Zak Mir is perhaps the UK's best known chartist and Zak's real time trading signals are ideal for the current volatile markets! To access Zak's service with real-time trading signals and around 30 big calls per week on indices, blue chip stocks, commodities, small caps and member requests a week for as little as 179 pounds a year click HERE.