Standard Life (SL.)
I still have a few bonus shares left in Standard Life, but basically my holding was sold out at 233p in October and it would appear that the shares have not been able to get over this blow. The current charting position is that while there is no end of day close below the floor of the August rising trend channel at 195p one would be pencilling in a top of channel target as high as 220p over the next one to two months. This is particularly so given the latest weekly close above the black 200 day moving average at 202p.

Costain (COST)
It is hard not to get a sinking feeling as far as the daily chart of Costain is concerned, particularly given the present of what was clearly a bear squeezing spike for the stock in August. While there is a chance of a retest of the black 200 day moving average zone at 26.5p, and this make be worth a bottom fish for in the interim, the overall pattern here is a sell into strength, and it is probably sensible to act accordingly. The next target on the downside is the 2009 price channel floor at 22p over the next couple of months.

Renesola (SOLA)
It is probably fair to say that stocks whose daily charts are currently sporting a blue 50 day / black 200 day moving average golden cross such as is currently being see with Renesola, have to be regarded as part of the technical elite of the stock market. This is because the upside scenario should be that much more reliable than in most other “bull” situations. At least for this stock one would be looking for a three month target as high as the top of a November resistance line projection at 215p, particularly while there is no end of day close below the 200 day moving average now at 157p.