San Leon appears to be playing out exactly as expected with a nice 3 wave move down from the recent peak forming.I'm looking to see if the 61.8% Fib holds at 6p. For me, if it does, that would confirm the likelihood of a new trend in play and should signal a decent move up.Note how the old downtrend is still providing support. Original link...

Petroceltic's last rise to 7.37p hit the downtrend resistance perfectly and has since dropped back to the key 6p support level. This has proved a good level to buy at in the past and the medium term uptrend support is in the same area now so should be good to go long here with tight stops.The main uptrend lies some distance away at 5.1p currently which is pretty close to the JUne 2012 low of 5.46p. If the 6p level and trendline break then I'd expect a visit back to that 5.4p area. Original link...

Unsurprisingly price has followed RSI down through its trendline. This shows how RSI can be a very good early indicator of price movement.22.5p level needs to hold now or  it'll likely go back to 18.5p IMHO. Original link...

The breakout and close above 943p appears now to have been a false breakout as indicated by the bearish divergences in RSI and that mentioned by Andy in the comments on the previous post (thanks Andy).It'll be interesting to see which of the RSI supports this drops to now. The lower support may coincide with a price visit to the main uptrend support and this would be a great place to go long.For now, though, this will be a waiting game. Original link...

Quick update on this. So far the 61.8% Fib of the rise from the higher low has held at 129p. As long as this remains the case and that short term trendline holds then higher price can still follow.Of course, I'd have preferred for the 135p level to have held but you can't have what you want in the markets! Original link...