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TOPIC: Premier - PMO

Premier - PMO 13 Nov 2018 10:41 #1

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

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Premier - PMO 11 Nov 2018 13:27 #2

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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 #3

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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,
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Last Edit: 11 Nov 2018 12:10 by Trendfriend.
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Premier - PMO 10 Nov 2018 20:02 #4

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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 #5

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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...

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Premier - PMO 25 Oct 2018 09:23 #6

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Out for a small loss
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Premier - PMO 25 Oct 2018 07:56 #7

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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 #8

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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,
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Premier - PMO 24 Oct 2018 13:51 #9

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

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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 #11

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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 #12

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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 #13

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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 #14

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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 #15

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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.... ;)

atb, wdik, dyor,
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Premier - PMO 19 Jan 2018 17:19 #16

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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 #17

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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 #18

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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 #19

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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 #20

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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 #21

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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 #22

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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 #23

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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 #24

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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 #25

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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 #26

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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.

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Premier - PMO 07 Jan 2018 10:40 #27

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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 #28

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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 #29

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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 #30

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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,
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Premier - PMO 08 Sep 2017 08:35 #31

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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 #32

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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 #33

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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 #34

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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 #35

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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 #36

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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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Premier - PMO 18 Mar 2017 08:08 #37

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64.50 close on weekly failed to repair trendline break, RSI backtesting break. Also bearish harami on daily.
I expect this to retrace further Monday to minimum 61 (trendline support on daily). 50% retrace of move at 60.50.

PREMIEROILORD12.5P.png18.03.17.png


F4T

PS: if no one else is trading this I will not clog up the board with updates.
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Premier - PMO 16 Mar 2017 08:19 #38

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SMA20 is at 66.80, a natural resistance.
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Premier - PMO 15 Mar 2017 22:26 #39

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Yes, you could well be right F4T. This could be the real deal, and i'm watching to get a long entry, but only when i think it's the real deal....

I don't follow much fundamentals tbh, (no time!). Sometimes that works for me, sometimes against....

Anyway PMO, this stock respects technical's, that's what i like about it....the rsi and ema lines are always well behaved here.... :lol:

So is the real deal?
Need one more big up day imvho....need to clear and close above 66.25p on eod basis...but i may take the long on at 66.5p intraday with tight stops....lets see,...

I still don't think this the real deal, not convinced here yet tbh....

see the two candles in the circles almost the same.....and the consistent failure at the 20 day ema line.
Maybe same again? lets see...

if we get a rsi breakout, and convincing move above 66.25p, time for the longs, that i agree, i said that yesterday.... until then this could i honestly think come straight back down.
I think this could just be a one day wonder......but wdik...

lets see, good luck if your in this already....i'm no hurry to get in myself... ;)

Austin, don't rush to short imho...(i don't like shorting tbh), but if you do, wait for the ema lines...
66p the level to short this with tight stops.....

atb, wdik, dyor,
trendfriend
pmo daily..

pmodaily15mar2017.PNG
Last Edit: 15 Mar 2017 22:31 by Trendfriend.
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Premier - PMO 15 Mar 2017 10:58 #40

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.
PREMIEROILORD12.5P14.03.17.pn.png


Note that chart is still in confines of a falling wedge which is more bullish than bearish. Looks like we may break out today.

GL
F4T

PS: had some trouble posting today, hence duplication.....
Last Edit: 15 Mar 2017 11:06 by Food4Thought.
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Premier - PMO 15 Mar 2017 10:48 #41

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Hi TF,

agree that 48.50 is the key downside support which must hold.
However, I think PMO has an opportunity to repair (once again) the technical breakdown this week. To do so SP needs the following:

Daily close above 60.75 today, rising trendline
Weekly needs to close above 65.75 by Friday close
Monthly needs to close above 75.50 by month end. This is a challenge.

The above will repair all trendline and RSI breakdowns and is called a jab.

RSI support is still intact on the daily and this for me is key.

Having said that, downside risk is heavy and if the above does not materialise all bullish bets are off.

The reason I centre on this stance is that technicals must always be balanced with fundamentals. Pick your stocks on fundamentals and trade them on technicals. We also have to take in the fundamentals for the commodity here and look beyond short term volatility. Crude needed to let off steam after being in a range for so long.

So, we need a close above 65.75 by week end and I would put 75.50 as a good sell point.
Last Edit: 15 Mar 2017 10:56 by Food4Thought.
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Premier - PMO 15 Mar 2017 10:48 #42

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Hi TF,

agree that 48.50 is the key downside support which must hold.
However, I think PMO has an opportunity to repair (once again) the technical breakdown this week. To do so SP needs the following:

Daily close above 60.75 today, rising trendline
Weekly needs to close above 65.75 by Friday close
Monthly needs to close above 75.50 by month end. This is a challenge.

The above will repair all trendline and RSI breakdowns and is called a jab.

RSI support is still intact on the daily and this for me is key.

Having said that, downside risk is heavy and if the above does not materialise all bullish bets are off.

The reason I centre on this stance is that technicals must always be balanced with fundamentals. Pick your stocks on fundamentals and trade them on technicals. We also have to take in the fundamentals for the commodity here and look beyond short term volatility. Crude needed to let off steam after being in a range for so long.

So, we need a close above 65.75 by week end and I would put 75.50 as a good sell point.
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Premier - PMO 15 Mar 2017 09:33 #43

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Short this morning's rally, stop just above 62p.
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Premier - PMO 14 Mar 2017 22:54 #44

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Last one, quickly here.

48.25p must hold level, if that fails this could go to 25p, maybe 20p in extension....
I think from here, at least a 50% chance it will do just that imho... certainly should move lower from here....

Maybe worth a long at 48.25p, if anyone really like these....i'm gonna give it a miss... ;)

Longs only if 60p gets closed above on a eod basis for me.....and 3x close above 66.5p cancels the bear argument.

atb, wdik, dyor,
trendfriend

pmo daily.
pmo14mar2017.PNG
Last Edit: 14 Mar 2017 22:55 by Trendfriend.
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Premier - PMO 14 Mar 2017 16:01 #45

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Great call :cheer:
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Premier - PMO 09 Mar 2017 07:16 #46

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Thanks mate
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Premier - PMO 08 Mar 2017 20:31 #47

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Hey F4T,

These are from IG, not sure how reliable they are compared to the more sophisticated packages out there!



dl.dropboxusercontent.com/u/24866576/201...30-06%20PMO%20MA.png

Cheers
M
Last Edit: 08 Mar 2017 20:31 by Monkeyz. Reason: typo
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Premier - PMO 08 Mar 2017 20:20 #48

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It's that I am out of contact with my charts
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Premier - PMO 08 Mar 2017 17:41 #49

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Can someone please post the 20,50 and 200 sma's this evening please.

Cheers
F4T
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Premier - PMO 07 Mar 2017 18:59 #50

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pmo7mar2017.PNG

Hi F4T,

Not sure if your saying this is bullish or bearish....

Your right about the rsi on the weekly and monthly....
i don't see anything bullish imvho....this is doing ll's and lh's.

if we get a rsi breakdown on the daily and the 50 day ema line crossing down to the 200 day ema line....this is going to dump hard......once (and off course if) 58p goes.....

I said last week it was a important week for pmo, my word this week is maybe more vital.....
lets see what happens....this has the potential to get nasty imvho ... :evil:

atb, wdik, dyor,
trendfrend :)
Last Edit: 07 Mar 2017 19:00 by Trendfriend.
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