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TOPIC: Premier - PMO

Premier - PMO 14 Jan 2019 10:50 #1

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just a quick post for this...

today's gap down is not great technically....
this should test support at 65p, below 65p look for a lower low imvho...a new low is where i think this is heading now imvho... :whistle:

chart later...
be lucky folks, and a late happy new year everyone... :cheer:


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Premier - PMO 10 Jan 2019 10:07 #2

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How did I miss this.. I had around 15K on sidelines for this one...to buy in around 60s...

good RNS out today...
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Premier - PMO 21 Dec 2018 07:57 #3

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Trendfriend wrote:
I was looking at this yesterday....i was looking at quite a few oil stocks...with a view to buy and hold.... :whistle:

This one here doesn't look great to me imvho....can't quite put my finger on it...but something here is not quite right....and i think the downside could be more than the 80's here imvho... and this is a important week here, as this needs to hold 100p area to avoid getting smashed imvho...

first the daily here...
uk.advfn.com/p.php?pid=chartscreenshotsh...CU1sL3r2Jo+RvpkbaUc=

see the way the 20 and 50 day are pointing down... :ohmy:
The rsi first the massive bearish div....and then the break below support, first time in 2 years... :oops:
its not a teeny bear trap break below...been below for a month or so...

The weekly here..
uk.advfn.com/p.php?pid=chartscreenshotsh...g7bgQmSiDyRp25SoM%3D

again note the break below the support, first break below since 2016 lows.... :pinch:

we have a pivot support at around 98/100p...once that goes, this will(should) move quickly to low 80's imvho... pivot support here as well...
i think that level will go as well.....leaving the door open for a move as low the 50's imvho...

any longs here need to wait for hh or 1,2, 3 low before entering...

i think genel looks the pick of the oiles for me imvho...

will try and post a chart on that later...

atb, wdik, dyor,
trendfriend :)

This was the call back on the 11th of Nov, when this was around 100p.... :whistle: ;)
This did look like it was technically in very bad shape...and so it proved...its now very close to the target entry level of 53p...

If you like this stock then you can do a lot worse than buying here...56/57 is a good entry....
However i would say keep some powder dry, as a further drop cannot be ruled out...possibly as low as 43p imvho...

Hope that's useful and good luck folks...

atb, wdik,dyor,
trendfriend :)
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Premier - PMO 20 Dec 2018 22:57 #4

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What is your target price TF?

I am not sure if these oilies are any safe as the WTI and BRENT are hitting lower lows.

ta
G
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Premier - PMO 16 Dec 2018 12:14 #5

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...DrPxBfovPf7tFLYL8%3D

This could be finding a bottom, however technically this is not a buy unless it can close above 75.75p being the 20 day ema line feature on the daily chart...

For me this looks like a bear flag consolidation, with another leg to the downside to come.. ;) and it looks like its imminent now imvho...

pmo - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...RtHlr5EtnPexQvLhs%3D

the weekly shows the likely targets...while below 75.75p

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Last Edit: 16 Dec 2018 12:15 by Trendfriend.
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Premier - PMO 14 Dec 2018 22:35 #6

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This one looks closer to support line...
Buy or hold off? ....
Weekly and daily charts added... ta G
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Premier - PMO 29 Nov 2018 22:19 #7

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pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...EMGNn04immeT8qUxs%3D

the call here was for a drop to around the low 50's here...as things stand it has found some support around the mid 60's...a break above 72.4p is a 1,2,3 low or h/high....could equally be a bear flag....and its a fine line between the two sometimes

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Premier - PMO 23 Nov 2018 11:26 #8

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i think caution with this imvho...
the way it's hanging around that trendline is not a good sign....ideally need a quick drop to that area...and then bounce....therefore a change of momentum...


this looks like it wants to break down imvho...lets see..

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Premier - PMO 23 Nov 2018 11:13 #9

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londonbrentoil.JPG



LondonBrentOilChart.JPG





What is the support on the oil Price as the falling prices are not helping oil Shares?????
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Last Edit: 23 Nov 2018 11:14 by MRA4.
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Premier - PMO 23 Nov 2018 11:03 #10

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pmo.JPG





PMO-Daily_2018-11-23.png





currently sat at two Support levels,The main trend line 68p & 61.8% fib from high of 147(2ndoct) & low of 19p(12thJan16), I have another Horizontal suppport level if tendline breaks(63p)
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Last Edit: 23 Nov 2018 11:03 by MRA4.
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Premier - PMO 22 Nov 2018 22:43 #11

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What do you think to Faroe Petroleum plc (FPM)???
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Premier - PMO 22 Nov 2018 22:43 #12

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What do you think to Faroe Petroleum plc (FPM)???
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Premier - PMO 22 Nov 2018 22:43 #13

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What do you think to Faroe Petroleum plc (FPM)???
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Premier - PMO 22 Nov 2018 22:21 #14

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...JP/nl95xbzYN+duujAk=

a few quick charts of stocks we have been following...

this has smashed through the 80p area....and its really getting punished..

i have redrawn the main trendline using only the very bottoms of the candles...could it get a bounce from that around 68p?? :huh:

i'm tempted to try a scalp long here at 68p...with tight stops...i think maybe only a small rally to get the rsi back above the oversold level...and then down again... a drop below 68p opens the low 50's

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Premier - PMO 13 Nov 2018 10:41 #15

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she's starting to fail now now...watch 80p area next...for possible scalp long...

atb, wdik, dyor,
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Premier - PMO 11 Nov 2018 13:27 #16

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The weekly here..
uk.advfn.com/p.php?pid=chartscreenshotsh...g7bgQmSiDyRp25SoM%3D

again note the RSI break below the support, first break below since 2016 lows.... :pinch:

correction here, forgot to write RSI on the original post.
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Premier - PMO 11 Nov 2018 12:04 #17

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I was looking at this yesterday....i was looking at quite a few oil stocks...with a view to buy and hold.... :whistle:

This one here doesn't look great to me imvho....can't quite put my finger on it...but something here is not quite right....and i think the downside could be more than the 80's here imvho... and this is a important week here, as this needs to hold 100p area to avoid getting smashed imvho...

first the daily here...
uk.advfn.com/p.php?pid=chartscreenshotsh...CU1sL3r2Jo+RvpkbaUc=

see the way the 20 and 50 day are pointing down... :ohmy:
The rsi first the massive bearish div....and then the break below support, first time in 2 years... :oops:
its not a teeny bear trap break below...been below for a month or so...

The weekly here..
uk.advfn.com/p.php?pid=chartscreenshotsh...g7bgQmSiDyRp25SoM%3D

again note the break below the support, first break below since 2016 lows.... :pinch:

we have a pivot support at around 98/100p...once that goes, this will(should) move quickly to low 80's imvho... pivot support here as well...
i think that level will go as well.....leaving the door open for a move as low the 50's imvho...

any longs here need to wait for hh or 1,2, 3 low before entering...

i think genel looks the pick of the oiles for me imvho...

will try and post a chart on that later...

atb, wdik, dyor,
trendfriend :)
Last Edit: 11 Nov 2018 12:10 by Trendfriend.
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Premier - PMO 10 Nov 2018 20:02 #18

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PMO-Weekly.png


Premier Oil (PMO)
weekly chart
currently at 38% fibonacci from a Low of 19p Jan 2016 & High october18 at 146p, if this support fails then trenlines & support at 50% fib area at 85p & 200ma(weekly) 88p

daily chart

PMO-Daily.png
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Premier - PMO 05 Nov 2018 22:21 #19

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pmo -daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...QvWZwWjJzqQ/9W+koAs=

Quick look at some stocks we have been following...

This is really struggling at the 200 day ema line atm...so its building the power to go one way or another....seeing as its spent around 2 weeks hanging around below the 200 day ema line...its highly likely to be a down move than up imvho...

atb, wdik, dyor,
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Premier - PMO 25 Oct 2018 09:23 #20

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Out for a small loss
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Premier - PMO 25 Oct 2018 07:56 #21

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that's a very odd trendline you've drawn there trend by any measure!
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Premier - PMO 24 Oct 2018 18:35 #22

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...CF6kAaqAo+SZKvbxUMw=

this looks like its fallen below its rising trend channel...and closed below the 200 day ema line...at 108p ;)

while below that 108p on a eod closing basis...i think 80p is possible imvho...

atb, wdik, dyor,
trendfriend :)
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Premier - PMO 24 Oct 2018 13:51 #23

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Bought in at 105p ,10k£
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Premier - PMO 15 Mar 2018 21:32 #24

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...s3ka0ZsdcQE3zM6J4%3D

this stock is also breaking down...also looks like a bear flag breakdown imvho....
This needs to hold the key 60p pivot level and the main trendline at around 58p....(rising a touch daily)

if those two levels fail....this is in real trouble....i said in the post below of 20p here again...off course that at this stage is quite unlikely....but if 60, and 58p fall here....that target is very much on imvho...

Paitech....you can draw the trendline like that if like....nothing wrong with your trendline....just need to bottoms to draw a trendline....however a trendline with more touches is reliable for trading....and relevant...that's why you have names for trendline....short term t/l...long term t/l....main t/l etc...

take care, and be lucky folks...
atb, wdik,dyor,
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Premier - PMO 05 Mar 2018 17:32 #25

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TF,
Have a look at a chart I found today on PMO.
My chart trend line and one on this seems to match but you have a trend line which shows its already broken?
How do you go on about this trend lines?
I may need to go back to basics again...
Ta
G
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Premier - PMO 04 Mar 2018 23:18 #26

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XKpiyfoKVCNcZz3sw%3D

this has already broken the mid term trendline imvho....it is finding some buyers at the key 200 day ema line feature on the chart.....if (or once) that support subsides....this should come down to the main trendline at around 56p currently.....

I did warn earlier in the thread of that possibly happening.....if that level fails it could be heading to the 20p gap fill...... :ohmy:

lets see....what happens here...

atb, wdik, dyor,
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Premier - PMO 04 Mar 2018 05:45 #27

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not sure why it didnt add the chart...
04032018-1.jpg
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Premier - PMO 04 Mar 2018 05:44 #28

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Looks like PMO is at critical point at 70p?

If it breaks.. high chances of going down...
March 8th earnings are out.....

ta
G
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Premier - PMO 04 Feb 2018 13:55 #29

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This needs to hold 76p Elena.

Below 76p > 70.50p
below 70.50p calls for sub 60p, a test of the inv h&s trendline.

The drop may now depend on the scale of the p/b on the main markets.... ;)

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Premier - PMO 19 Jan 2018 17:19 #30

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Reading this historical thread it mentions 88p and 86p as the region of support.

Interestingly this level proved to be support again this week.

Remo always states that support levels can be revisited over a long period of time.

Not posted here for a long time. Forgot my password. Hope Remo and all are doing ok. I am trying to recover my capital.
Doing well over the past 2 years.
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Premier - PMO 19 Jan 2018 11:20 #31

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Looking back at my post of 11/1, option 1 is playing out exactly. We had a bounce at 87.75 yesterday. This is now also supported by SMA20 at 86. A break gives rising trendline support at the ~76 currently and SMA50.

I do see further weakness in the short term with crude but fundamentals might hold the mid 70's, supporting technicals.

So, agree TF

F4T
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Premier - PMO 18 Jan 2018 20:55 #32

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...z10PQxxKP7rBt7x0k%3D

I think between 80p (50 day ema line) and 75p (main trendline) on p/b here, for a nice entry that makes the r/r worthwhile....

atb, wdik, dyor,
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Last Edit: 18 Jan 2018 21:10 by Trendfriend.
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Premier - PMO 11 Jan 2018 20:06 #33

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There is a big RNS this evening....

Premier Oil : Invitation to exchange convertible bonds
01/11/2018 | 06:19pm GMT

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR IN ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

Premier today announces an invitation to convertible bondholders to accelerate the exchange of the outstanding convertible bonds (the 'Bonds') into ordinary shares of the Company. Further details of the formal invitation are set out below.
Rationale
The convertible bonds are capable of being exchanged at any time and are currently trading 'in-the-money'. With this invitation, the Company is seeking to accelerate the exchange of the Bonds into ordinary shares, which has several advantages for the Company, its shareholders and bondholders:

The primary purpose is to reduce the Company's indebtedness: the early exchange of the Bonds along with the recent non-core disposals of Wytch Farm, CENSOREDstan, and its interest in the ETS pipeline and the start of production at Catcher, will assist the Company to reduce debt and to impact positively the Company's forward financial covenants;
It will rebalance the Company's capital structure and should reduce hedging activity in the Company's ordinary shares: the Company's capital structure currently comprises shareholders' ordinary equity plus long term borrowings which include UK retail bonds, senior loan notes, bank debt and the Bonds. Accelerating the exchange of the Bonds will increase the equity base of the business whist reducing outstanding debt and associated hedging activity (short selling) by certain holders of the Bonds;
The early exchange of any Bonds will lead to a smaller total number of ordinary shares being issued in respect of the Bonds than would be issued if all coupons were paid in ordinary shares and the Bond were held to and exchanged at maturity;
The invitation is open until 3pm (London time) on 16 January. A further announcement will be made shortly thereafter confirming the outcome of the invitation (which is at the discretion of the Company).
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Premier - PMO 11 Jan 2018 14:08 #34

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pmo - weekly

uk.advfn.com/p.php?pid=chartscreenshotsh...VTzhBIQ0AZ4FiLk3g%3D

its broken above that key 100p (possible double top level) since i posted the chart this morning!! :side:

If it closes above 100p, it should be a decent enough breakout of resistance, and hence on its way higher......but wdik!

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Last Edit: 11 Jan 2018 14:09 by Trendfriend.
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Premier - PMO 11 Jan 2018 13:32 #35

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Shall I hold or shall I sell :whistle: :whistle:
Last Edit: 11 Jan 2018 13:33 by Paitech.
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Premier - PMO 11 Jan 2018 13:16 #36

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Definitly not a double top, it looks more like 123 low on weekly and monthly chart
Screenshot_20180111-131601.png
madmaxx
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Premier - PMO 11 Jan 2018 10:33 #37

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...zncZmfn8z4rFEpBgFS0=

double top here imvho...doesn't mean its not going higher, and if one has soem kind of fundamantel insight here then more then entitled to hold, and see if it breaks higher....

As far as the technical's are concerned, the rule "if you see a double top, you sell a double top" comes to mind. ;)

especially considering you can jump back on board on break higher....

off course all imvho....


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Premier - PMO 11 Jan 2018 04:45 #38

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Breakout progressing nicely with confirming volume but that's 5 gaps up now so it needs to retrace.

Some crystal ball gazing:
Ops report out today and with next resistance at 103.44 it's a nice place to retrace from if the RNS gives a little extra than expected. 61.8% retracement of recent move takes us nicely back to the 86.75 resistance mark, now support and 23.6% of the whole move from 42.75 gives us 89, so a retrace to between these two levels would allow a steady move higher.


PMODaily_10.01a.png



An ops report with expected detail might touch 100 before retrace. This gives a target of between 85.50 and 86.50 by the same means. 86.75 is the key support once again.


PMODaily10.01b.png


Let's see what happens.

F4T
Last Edit: 11 Jan 2018 04:49 by Food4Thought.
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Premier - PMO 07 Jan 2018 13:46 #39

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I have a TL breakout last week on daily and RSI breakouts on daily and weekly. Current resistance at 86.75 but if this falls the 98-100 area is next. Various rising supports between 72 and 75.

I have an initial short term target of 131-137 being SMA's on weekly and monthly but see this rising through 2018 with the usual retraces.

F4T


PMODaily.png
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Premier - PMO 07 Jan 2018 13:26 #40

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pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...2hxQp5MR1XFci4q51cc=

This is in a nice uptrend.
It could retrace a tad to the bottom of the trend channel, so the ideal entry would be around 72p (rising a touch daily) ;) ;)

below 72p calls for lower levels..... so stops below 70p imvho.

atb, wdik, dyor,
trendfriend
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Premier - PMO 07 Jan 2018 10:40 #41

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TF, all,
Needs your comments on here...
I bought these ones at 80p, reason is attached chart. I should have bought them, as soon as it broken up the neck line at 70p. I was tempted at 74p, did hold back...
What are the views going ahead on this?

seekingalpha.com/article/4133987-premier...-stock-several-times

ta
G
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Premier - PMO 04 Oct 2017 10:21 #42

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PMODaily03.10.17.png


Todays low of 63.25 @ 10.30am is neckline for Inv H&S. If this breaks....

Buy Target 59p, being:

Daily
61.8% fib of latest move
50SMA
Hourly
200SMA

F4T
Last Edit: 04 Oct 2017 10:23 by Food4Thought.
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Premier - PMO 25 Sep 2017 16:54 #43

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In at 45.50p lets hope its on a path to that 96p :)
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Premier - PMO 18 Sep 2017 08:50 #44

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pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...EYXVywCgn2oHlHXn8%3D

quick look here, also looking good for further upside.

Closed the week above the 200 day ema line for the first time in a quite a while, and broken above a triangle, so this should by all intents and purposes continue higher. ;)
As long we do not get a close below the 200 day ema line.....

atb, wdik, dyor,
trendfriend
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Premier - PMO 08 Sep 2017 08:35 #45

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Hi F4T...

well you are absolutely right, this does have a lot of resistance in the 60's.
I bought some of these on the trendline break(couldn't resist), and added at 62p yesterday....so lets see how it goes...

pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Nyn+zjd3jmjgvxjmtu8=

I think the trendline and the 200 day ema line are the key here imvho...
I have put around the previous attempts to break that 200 day ema line, which it never convincingly managed to do....

With the t/line, 200 day, and whats looks to be a rsi breakout, should be enough for a momentum trigger to push on here, but its still early days......lets see.....
I think the 80's, should be a achievable target here ;) ;)

atb, wdik, dyor,
trendfriend
Last Edit: 08 Sep 2017 08:36 by Trendfriend.
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Premier - PMO 06 Sep 2017 08:07 #46

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64.50 is the key number IMO. Horizontal resistance of last swing high, 200SMA on daily and 50SMA on weekly. Then 68.50 then 96 (again).

F4T
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Premier - PMO 05 Sep 2017 11:46 #47

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Premier Oil daily.
uk.advfn.com/p.php?pid=chartscreenshotsh.../HDo6VCt7VU90wdJBw4=

This is looking interesting imvho, and i like the look of the setup, looks like a nice bullish breakout about to take place.

Normally i would buy the breakout of the trendline at 57p currently, but in this instance with the 200 day ema line located a few pence above it makes sense to wait for break and close above this feature on a end of day closing basis currently at 61p.... ;)

Targets above 61p > 80p> 100p
stop below 52p.

On the flip failure of 52p calls for mid to low 40's imvho.

atb, wdik, dyor,
trendfriend :)
Last Edit: 05 Sep 2017 11:46 by Trendfriend.
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Premier - PMO 09 Apr 2017 12:59 #48

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This looks like its finding its feet now.....
possible 1,2,3 low at 68.5p, so watch that level, and 71p (200 day ema line) also importannt.

A move above could see 90/100p area imvho....

atb, wdik, dyor,
trendfriend

premier daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...e+ZOXAIQdUCpK7UfDRI=
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Premier - PMO 20 Mar 2017 08:02 #49

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This failed to close above the 20 day ema line, nothing bullish in any way about a stock that can not even get above the 20 day imvho....

No trade here atm, just a bounce from oversold levels, and a one day wonder, this should by all intents continue lower imvho....

watch the 20 day ema line, no close above no higher...

atb, wdik, dyor,
trendfriend

pmo daily.
premier20mar2017.PNG
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Premier - PMO 18 Mar 2017 12:09 #50

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F4T, please keep posting...you never know when someone wana jump in for a trade.....
Its always a learnung curve too...
Good weekend...
G
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