Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in sweetener specialist Tate & Lyle (TATE) are currently forming a classic MIDAS pattern. A buy signal was triggered on Wednesday, as this stock closed bang on MIDAS support. Since then the shares have pulled back, leaving MIDAS users with a tricky decision. Currently trading at 666p, this is below the projected AUG2010 support at 670.56p and the question is whether the stock can build on its recent consolidation.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
Richard ……………. its a tip site
as in tips ………… read slowly ………yep thats it…….. TIPS .
Just read the disclaimers ….simples.