Tullow oil - TLW

This failed at the trendline again...
A move to 200p area very posible...
uk.advfn.com/p.php?pid=chartscreenshotsh...OAwKD8JEcbN0uSXKs%3D

Reagrds,
trendfriend

Surprise rally here...no idea why....
Looks like it wants to do a 1,2,3 low breakout...
uk.advfn.com/p.php?pid=chartscreenshotsh...4QwI=&symbol=L%5ETLW

Except i see a problem here....off course i could be wrong...
To me it looks to me like a bear flag on the weekly.....
if you look carefully the whole trend down a has been the same, bear flag consolidation followed by a drop...
At some point this will stop going down... just not convinced its now....
this has results and update this week... so if your long, or going long i think use protective...
would not be shocked to see some selling into the close, leaving a bearish candle here imho...
uk.advfn.com/p.php?pid=chartscreenshotsh...N8%3D&symbol=L%5ETLW

Regards,
Trendfreind.

stuff on the "tinterweb":

uk.finance.yahoo.com/news/why-tullow-oil...rging-143210648.html

Trendfriend,

That was a good call on Tullow 09 Nov 2015 11:53.

I didn't trade it, still getting used to set ups.

Have you done any posts on how you trade? I tried to look on your post history, but it doesn't seem to go back that far.

I can see you use extremes of candles for trendlines and it appears you use the sma 20 & 50. Its just how you tie it all together?

Tullow also looks like an RSI breakout is possible. This needs to break the 20 & 50 day sma for entry.
208p for a long entry. Scalp only imho...Lets see how it opens tommorow.
You also have some RSI div's on the weekly...
Again stops are a must, especially as this is in a down trend, and it well only could be a bull trap..

Regards,
Trendfriend.

This chart is delayed, but this has moved above the 20 & 50 day sma, the RSI also looks like its breaking out.
So, i long here, maybe should have waited to see how it closes today, but will add on close above the above the moving ave's.
Stops below 200p for now, will move to profit if it can get above 220p.

Regards,
Trendfriend.