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Ophir Energy

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TOPIC: Ophir Energy

OPHR 24 Jan 2014 19:34 #1

gclark25
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Well - quite clear which way it broke, as we can see on the close up 4H chart

What isn't so clear is where it is heading. It's already below S3, and Right now it is sitting bang on the 78.6% fib, but that doesn't look like a great area for a bounce. There is an area between 266/76 where it could maybe find some support. Below that is 178 support, as well as channel support.

gclark25 wrote:

Interesting weekly/daily area for Ophir Energy at the moment.

Not clued up on the fundamentals personally, but technically speaking, it's an interesting area where it isn't quite clear which way it is looking like breaking.

Anyone else following or got any views on this one?

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OPHR 24 Jan 2014 08:12 #2

Shotry OFFLINE Junior Boarder Posts: 368 Thank you received: 199 Karma: 10	Something else worth paying attention to is a possible gap down to 290ish (visible on the daily, but clearer on the weekly chart). Might act as support.
	All it takes for the triumph of evil, is the silence of 'good men' The administrator has disabled public write access. The following user(s) said Thank You: ronnie, gclark25

OPHR 23 Jan 2014 17:03 #3

Shotry OFFLINE Junior Boarder Posts: 368 Thank you received: 199 Karma: 10	Yes I'm playing it. I've entered small this time round. I'm taking bits out of each bounce. There's a nice gap a little bit higher (I've closed my software for the day but off the top of my head it's about 327), which is a nice target should it turn. Have been occupied with the FTSE today so not played the 2 bounces off the 292/293 area, although that could have been profitable.
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OPHR 23 Jan 2014 14:42 #4

gclark25 OFFLINE Junior Boarder Posts: 198 Thank you received: 267 Karma: 10	Interesting weekly/daily area for Ophir Energy at the moment. Not clued up on the fundamentals personally, but technically speaking, it's an interesting area where it isn't quite clear which way it is looking like breaking. Anyone else following or got any views on this one?
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Ophir Energy 20 Jan 2014 11:44 #5

remo OFFLINE Moderator Posts: 3140 Thank you received: 5620 Karma: 113	from this weeks share tips... Based on going long from strong support area and stops below... There is a divergence as well with the rsi dl.dropboxusercontent.com/u/4899609/ophir20thjan2014.png
	Information Purposes Only, Do Your Own Research remo The administrator has disabled public write access. The following user(s) said Thank You: gclark25, fabba007, SeaBass916, Stevo999, Andrew2013