Sage Group PLC Stock

07/11/14 – This Setup was very short lived on the Sage Group PLC Stock and just goes to prove that not all of my good looking trade setups go on to trigger.  Over the last couple of sessions (days) the price has found new highs and has broken a major Elliott wave rule and moved past the previous movements Wave 1.  Further more it has broken through the 140% line on the Elliott Oscillator to cancel that major indicator for my setup.  Obviously this trade is no longer viable and therefore I have cancelled the Stop Sell Order.  It does seem that the FTSE is having another attempt t breaking through the 6900 level and taking my RMG LSE and RPC-LSE Long trades along for the ride. This Sage Group PLC Stock is now classified as being in an Up Trend s per the Char below indicating a Wave 3 and will looking for a Wave 4 pull back to occur and potential setups for a wave 5 in the future.  Chart as Below for the cancellation of this trade.

sage group plc

04/11/14 – The setup for a Short trade on the Sage group PLC Stock is setting up very well with 8/9 of my trade setup indicators in the green, with the 9th indicator (6/4 MA Low) going green upon trade entry.  The price has found resistance at the Fibonacci 0.382 retracement taken between Wave 2 and Wave 3 and also has been strengthened by the TJ’s Ellipse also acting as resistance.  I have decided on a conservative entry as the Risk to Reward profile is still at 1:2 with this entry strategy.  Stop Sell Order @ 365.95 which is below both the Fib 0.25 retracement level and the 6/4 MA Low line. The Stop Loss @381.50 is above the Wave 4 extreme high and the initial Take Profit Limit Order is @ 332.00.  Charts as below for the setup of this potential Short trade on the Sage Group PLC Stock.

sage group plc stock SGE#1 SGE#2osc'

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