Premier - PMO

uk.advfn.com/p.php?pid=chartscreenshotsh...MPM%3D&symbol=L^UKOG

I'm starting to add one or two longs now... Not expecting anyone to follow, as its very nasty out there atm..
I think this has some kind of bounce due.. although its very possible it will come back lower still..

Regards,
Trendfriend

My buy target is 92p..

Any reasoning there Paitech or a stab in the dark?

I had a chart with me.. and had 92p as target.... in my mind.. always set..
So I said...92p....

Would be great to see it.

Weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...25+s=&symbol=L%5EPMO

Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Ts%3D&symbol=L%5EPMO

Close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...Rj/8=&symbol=L%5EPMO

No doubt, this was speculative to go long in these markets, but this has been respecting the falling support channel trendline since 2011. It did break below the trendline yesterday, that was simply a crazy day, seems to have bounced back above today...
Add that with the divergence on the RSI, it looked to be the signal at least some kind of bounce of that level.
This may well be a dead cat bounce, so lets see...
It would be nice if folks would respect that people can choose to trade as they wish. Even if one does not agree with the reason or technique for that position.. jmho
Chatsview has always been a pleasant board with good folks, please lets keep it that way..

Regards,
Trendfriend.