Long GENEL today

Been watching this as well. Looking for any buy signals
A small rise here, and it looks like we may be developing a buy signal imho.
Looks like a RSI Break, and a break of the very short term trend line. Lets see how this opens...
I would buy this if it can get above the 20 day sma @ 265p (be a but lower than 265p tomorrow). If it can break the 20 day it may well be heading for that 50 day sma @ around 295p.

Needs to break 265p (20 day sma) to confirm this is worth entering...
As this is would be a trade against the bear trend, stops are a must, and should be moved to profit imho...
hint, hint Paitech hope your keeping well btw...

Regards,
Trendfriend.

fundamentals.....POO up over 2.5% middle east tensions following Russian jet downing...

Oh...and this little nugget:

news.sky.com/story/1593628/hayward-oil-f...new-age-merger-talks

more than account for the rise here, but agree...kept on the watch list

TF,
I am good.. actually very good.
Sold my LLOY few days back at 74.01, I was in from 72.point something..

THen sold BEM , at 6.35, was in from 1.4p, I had 5K £ in that.. so good week..with around 22k£ profit. (Its a hint, I sold BEM, means it will fly lol )
Bought around 50K XEL shares yday, at sub 19p, and GENL at 232p.

Working in nights so much trading ...
ta
G

Quick look here.... still keep a eye out for this...as it's a stock i like to trade...
Was looking for a break of the 20 day as an entry after the break of a short term trendline....
It did get to that level, but was promptly sold into... and i don't like the look of that candle on Thursday...the volume was at the high's for the month.... i think it suggest some sellers are looking to get out on any kind of strength imho....

Would still get tempted into a scalp long on the close above the 20 day sma, if it happens with tight stops...

Regards,
Trendfriend.

Any idea on how low this can go, before support?

Seems like RSI has broken trendline support, and cross over at MACD.

No historical support from what i can see?

Chief,
Added chart...if it can hold the trendline
Else it could go sub 200p
Ta
G