Stock Watch – The Sky is the limit

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This weeks update is BSkyB, they are climbing skyward and are about to trigger an entry at 953p as always when the level breaks, we will be looking for Momentum to confirm that buyers are coming into the market and driving higher prices.

British Land and Betfair from previous weeks are currently stalling, so reducing size in those two and awaiting the next surge in momentum before committing more to the position. Succesful trading is about reading the music of the price action and re acting to it – not just sitting and hoping that prices will go higher. For many other psychological lessons and indeed to understand price action trading, you will need to come on one of our share dealing or forex training courses. As always thanks to Sharescope for the image.

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