This weekly chart says it all really.Genel Energy managed to close the week before last bang on the previous high and breakout level of 883p. This was taken as a signal of strength by the market and it was subsequently bought pushing the SP to a new high.As long as the SP stays above 943p then it should continue up into blue sky. The indecision can clearly be seen by the doji that's formed so far this week. We'll see how it looks on Friday's close.GENL weekly 22/05/13
This weekly chart says it all really.Genel Energy managed to close the week before last bang on the previous high and breakout level of 883p. This was taken as a signal of strength by the market and it was subsequently bought pushing the SP to a new high.As long as the SP stays above 943p then it should continue up into blue sky. The indecision can clearly be seen by the doji that's formed so far this week. We'll see how it looks on Friday's close.