BG.

screencast.com/t/i3iqlvUXn



So, how good are fib expansions eh?? The current wave C forecasted at 980; the actual made 991. Of course, it might not be over yet but it did turn yesterday:) The next wave up, hopefully the one we are already in, should make a minimum of 1948.50, according to the fib expansion - if I've got it right:) Obviously that will be a combination of, probably five moves; it will not be a straight line progress.
It will be interesting to keep an eye on this one and see how it progresses

Hi Diver993,

I am not familiar with fib expansions.

1948.50p target? Entirely possible over a 18 month 2 year cycle.

I know BG. have a pipeline of discoveries they will start producing from over the next few years.

The fall was because they don't pay big dividends and when they announced profits to be static for the next year the market took profits.

But I see this share as a good opportunity in short and long term.

Thanks for your chart.

Read this on the bb today. Opened trade this morning and happily up as market closes - thanks

BG Group plc (BG) shares are said to be oversold by analysts at Trading Central who note the RSI on BG's share price charts is oversold.

That said, it is too early to call an upmove for the stock at this time, and the "downside prevails as long as 1089 is resistance."

"The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative," says a note from the technical specialists.

Just goes to show how blind the folk at Trading Central are: the RSI has been below 30 since Oct 31st, the exact same date as the emergence of the bullish divergence they are looking for and failed to see. If one wants to be 'belt and braces' then the correct move would be to wait for a retest of the first pullback but, so long as you have a tight stop in place, enjoy the ride.
Remember what Remo always says - 'listen to nobody and DYOR'

Have to agree with diver. These so called experts are so out of sync it make me wonder if they actually ever trade themselfs.
I would really be surprised if they did any trading. All they do is write .Do they have a track record in technicals before they are hired to do this??
My golden rule is Never listen to anyone especially brokers. As diver just highlighted.

Anyway,
It should be a free trade for all that have entered this share now as price has moved 30 points in your favour.
No excuses for losing now. unless some thing unthinkable happens .. .better not put the kiss of death on it....

I've just closed my long at the 1050 breakdown point for the last drop:



dl.dropbox.com/u/20815047/BGdaily21_11_12.gif

I'm looking to re-enter at the 61.8% Fib of the 991 to 1050 move (assuming it does retrace from here that is).