So will the President do a "U" turn over the next 6 months and will previous long term supporters, turn resistance?...

still in downtrend and scalpers should target 20-22p, whilst others may want to wait till 22p resistance taken out (also be aware of the gap circa 23p)....In earnest a break above 23p is what will set the bull flag alert....

Well 4 charts to show the risk and the reward, remember good traders (even speculative risk/reward junkies like myself) focus on what they could lose before the lok at what they could gain.....with a punt with a small investment or lose change this could just deliver.....either way is shows that that a chartist (or chancer) really can show people how a stock can be bullish or bearish or both on different timeframes.....for me this is worth the "gamble" but that doesn't mean it is free from risk....remember when support goes it's usually 20% lower...but many small oil plays have re-rated recently and some have doubled and trebled....so from that perspective I think the 20-30 risk is acceptable if it does gap below 19p etc....you guys n gals press the button!  ...

Well I've borrowed this from another chartists on advfn and simply tweeked the chart...as usual this is for the more "speculative" traders/investors/speculators and gamblers out there..however I've noticed many shares at 20p make a quick bounce to 26p (no guarantees!) and a close below 19p would signal lower, so bail if it doesn't work. Not up to speed with the fundies on this and for me it is a simple risk/reward punt......no video chart this week as it's clear how this has been viewed and constructed....I've given a wideshot view as opposed to the usual close up just to highlight previous support around 20p    ...

This is something that I have created for my style of trading. The idea being that if you know of a strong Resistance area or Support Then I would place my shorts or Longs at that exact level. This method can be going against the trend some times. For shorting (betting down), I would take out shorts at known resistance levels. Not just any resistance level. The level should be an important level and not just a conventional resistance. It should be a trend line or gaps or the level should have 2 or more resistance levels converging. The more the better See example below: The idea being that you're respecting the resistance or support level. You're basically placing your trade where all the smart money is lined up. At a good resistance level there will be a lot of people closing or taking profits at that area. It's using technicals...