Sound Energy - SOU

Sounds(sorry, couldn't resist ) good Ade, just be careful not get too sucked in by the fundamentals imho....

Brings me back unhappy memories of GKP and XEL!!
ATB,
Trendfriend.

Hey TF,...I totally hear what you are saying......that is why I have only put my normal 50% stake in on this one while I do more research and like REMO look how this market is going to go.

On the weekly it seems to have popped above your down trend line?

I am also still invested in both XEL and GKP.....long term I think they will turn...but it is painful to see where they are right now. I will look to load up when / if we reach a true bottom for the rally and maybe take profit along the way.

looks like my timing might have been a little out...but this GEM has legs.

i13.photobucket.com/albums/a272/ademcg/S...1st%20Aug%202016.jpg

News imminent on their drilling / flow result in Morocco, 1Tcf in value to the Sound sp was estimated as approx 100 pence by a number of people.
Multiple Tcf is peoples thinking and it looks like Institutional' s have been told to purchase on the open market...probably adding to the upward move over recent days.

There is lots to this one and the move could be buy rumour, sell the news..watch this space, RNS due to hit this week

Great call Ade, congratulations, nice trade!!

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...3MAGmxzfd5iH+VklUCA=

I have been trading this as well. I like the way the 20, 50 and 200 day ema line are all pointing up, something which only happens in truly bullish situations.

currently this looks like a consolidation of the gains, and a possible bull pennant/flag building, i think its worth buying the breakout.

while riding the bull side higher is good fun. One word of caution the rsi is very overbought, possibly a slight div as well, so this will come back down substantially at some point, when?? i don't have a clue tbh, it could come back for p/b tomorrow or it could just stay overbought for weeks and weeks!!

have fun with this, hope this keeps going up and up!!

atb.wdik, dyor.
Trendfriend

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...PrTKSY+j2Z2qyNoHfEg=

nice rally here, and with the rsi around 90/100 level, and the rsi bearish div, a p/b was inevitable.

so i think a p/back to around the Mid July peaks to between 43/47p, so around 45p this is also where the 20 day ema line is as well.
Any p/b to those levels is a buying opportunity imvho, i'm not following the news here, so the technical's are off course news not withstanding.

dyor, wdik
trendfriend

Well, this share keeps getting better and better.

A truly magical rise through 75p + today and I think the fundamentals are holding this up.

Not falling in love with any more shares...pure profit play, but you can't argue with such a milti-bagger.

I would love to hear thoughts on where next resistance might be..as I think we have cleared everything....uncharted territory?