Lessons From The Financial Markets For 2013: Dixons - Conflicting Signals

Dixons - Conflicting Signals an extract from Lessons From The Financial Markets For 2013 by Zak Mir of Zaks-TA.com Over the festive period Zak Mir, perhaps the UK's most well know technical analyst, is posting extracts of his new eBook, Lessons From The Financial Markets For 2013. To buy a copy for your Kindle for just £4.11 - CLICK HERE Dixons (DXNS) - Conflicting Signals It has to be admitted that during 2012 there were plenty of conflicting signals both on a technical and fundamental basis regarding retailer Dixons. The fact that a key member of the management left to join Apple (APPL) (leaving just months later) meant that you had be pretty sure of yourself in going long at the end of January/beginning of favourite on the multi-tested 200 day moving average rebound. That said, early in January we had been treated to a gap higher through the 50 day moving average, what can be classed as a longer term buy signal. This certainly proved to be the case in terms of what happened during the rest of 2012, although it was arguably June when the real fireworks started on the technical front. 2012 Price Action This is said on the basis that the month started off with a bear trap below the 10 day moving average which was counteracted by bullish divergence in the RSI window. It was also followed quite quickly by a gap higher through the 200 day moving average, which was by now rising, and backing up the idea of a mid-move consolidation on the early 2012 recovery to be followed by an extended leg to the upside. In fact, the expected target at the top of a rising trend channel was already achieved by early November. This meant that while some may be thinking of profit-taking, the fact that the stock found support well above former October resistance during the first part of November, meant that it was still fair to be looking for fresh gains towards as high as 30p by the turn of the year. CLICK HERE TO BUY A COPY OF LESSONS FROM THE FINANCIAL MARKETS FOR 2013 FOR JUST £4.11 The UK's only serious Technical Analysis focussed website Zak Mir is one of the UK's best known and experienced technical analysts, having over 2 decades of charting experience. As well as being a best selling investment author Zak's day to day job is running his website, Zaks-TA.com. Every working day Zak sifts through scores of stock, indices and commodity charts in order to find the best trading ideas for his subscribers. He uses a variety of technical analysis techniques to study the major markets and individual stocks of interest, providing subscribers with dozens of updates each week covering gold, indices, US stocks, blue chips and red hot penny shares as well as forex calls. Since the site was founded in 2001 Zak has served up more than 10,000 hours worth of his charting expertise. CLICK HERE TO CLAIM YOUR FREE ONE WEEK TRIAL TO ZAK's-TA Zak is the Head of Technical Analysis at top share tipping website t1ps.com, the former Technical Editor of Shares magazine, a contributor to the Investors Chronicle Trading Masterclass series and recently stormed to the top of the investment book charts with his ebook 101 Charts for Trading Success. He also regularly appears on both CNBC and Bloomberg TV. * The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Financial spreadbetting is a higher risk activity the losses on which are theoretically unlimited.

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