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Saturday's free share tips on UK-Analyst.com are from David Linton of TipsTracker.com

547 Days ago (2010-08-07 17:21:54)

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UK stocks with the most Upside and Downside potential

From David Linton of TipsTracker.com

Today on UK-Analyst.com we bring you an exclusive report from top technical analyst, David Linton of TipsTracker.com

It is impossible to teach you Point and Figure charting in a document like this. We strongly recommend you refer to the Definitive Guide to Point and Figure Charts, by Jeremy du Plessis - available in the Tipstracker bookshop. I don't mind telling you here that dismissing these charts over 20 years ago was the biggest mistake I made in Technical Analysis and everything I now know about them is down to Jeremy and his wonderful book.

This report has been created in Updata Trader Pro where we created one scan that looks for stocks where the current trend is up and has a target at least 25% above the price. Our second scan was the opposite of this, it looks for stocks where the current trend is down and has a targets 25% below the price. The box size (the only subjective thing about these charts) has been set to 10% of a 1% box size. The charts are arithmetic meaning that the nearest sensible round box size will be chosen. The trends are dictated by high and low points once the previous trend is breached. These trends are unambiguous. Up is bullish down is bearish AT A GLANCE. This helps ensure you are taking signals with the trend and not going against it. The targets are generated from thrusts off highs (downside) or lows (upside). They are approximate. Two or more targets pointing to the same price area increases their validity. Both scans are then run on the constituents of FTSE All Share index and the results shown below.

Admiral (ADM) is our first FTSE All share stock with a target 25% above the current price. It broke out of sideways consolidation a year ago to make new highs and this buying thrust gave us an upside target of 1,800p. We also have target of 1,920p.

Imagination Technology (IMG) is another stock that looks good with consistent new highs. The targets here are 408p and 483p.

CSR (CSR) has fallen through the sideways range making the downside targets of 276p and 216p look achievable.

Inchcape (INCH), a fall through 240p would be a bearish sign on this chart. We've seen Inchcape down at 75p so a fall to 141p isn't impossible.

Best Wishes,

David Linton

Every week David Linton, one of the UK's best known chartists, tracks hundreds of recent share tips - from AIM , through red hot penny shares, to blue chips and free share tips - for you using the latest software technology. Using Updata's unique Optimised Stoploss system, David tells you each week what tips should be sold and which ones look good from a Technical Analysis perspective. To access The most complete Share Tipping monitoring website in the UK click HERE .

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