19/06/15 – Monks Investment Trust – My Stop Loss was taken out in yesterdays session giving a 1% loss on my trading account balance. It is interesting that this may be a slightly new low and the formation of a complex wave 4 and so there may be another opportunity to go long on this stock next week. Chart as Below.
28/05/15 – Monks Investment Trust – My trade order for this FTSE Stock triggered during yesterday’s session and then closed at the high above the entry level. This is a slow moving stock and could well take 20 trading days to reach the target so I must be patient when managing this trade moving forward. Chart as below.
20/05/15 -Monks Investment Trust – The setup for this FTSE listed Stock is looking strong with 8/9 of my indicators in the green. The Wave 4 has found support at the Fibonacci 0.382 Retracement level and the TJ’s Ellipse has been taken out and held. The next main target for this stocks price is to break through and close above the 6/4 MA High line which will give me 9/9 indicators in the green. I have therefore gone very conservative above this line and the M pivot on the Wave 3, whilst still achieving a Risk to Reward Profile of 1:2. Stop Buy order@ 441.00 with the Stop Loss @ 426.00 and initial Target level of 472.00. Charts as below for the setup of this potential long position on Monks Investment trust.