Nice to hear from you again Ade!
your right about Sound....it would be a punt now....and this did hit 13p perfectly....and bounced...could well prove o be the low....(unless it fails again and hits to 9p! )

sou - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...KZp72ryjpJ+wS1WeDYs=

atb, wdik, dyor,
trendfriend

I got out at a much higher price with a very modest profit.
I might be tempted at 13p for the upcoming drills, but sentiment is so bad on this share...pure speculative punt now.

sou - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...ZuNa+xLF/4Ks3aC3WZM=

This has strong support at 13p...

atb, wdik, dyor,
trendfriend

thanks for taking the time & effort TF..enjoy some sunshine !!

sou - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0Xw2MdsWoFLM+U70dBY=

This is a stock in a clear down trend....but i think it may well be starting to turn...

cautious traders would wait for a weekly close above the down trendline....before taking on the long side...currently around 45p area...

atb, wdik, dyor,
trendfriend

I closed this position at 46.5p for a small profit on Monday, as it failed to get above the 20 day ema line, so it could possibly make a new low.......

atb, wdik, dyor,
trendfriend

sou - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...EiSw3XU0choA9MjbY%3D

bullish rsi div.
gap up today, looks to be the signal downtrend could well be over. If its the real deal the 20 day ema line should get broken above with ease here....

long at 45p. stop below yesterdays high.

atb, wdik, dyor,
trendfriend

Well we did get a nice rally up on the last run up here....but could'nt break above the 100p resistance.

This is under pressure atm, and i think the low 60's support should hold, a buying opp, if we go to that area.

atb, wdik, dyor,
Trendfriend

sou weekly

fantastic, well pleased for you Ade.

Hold those golden tickets(for now at least) imvho, more than a decent chance of further upside, this looks like the the technical equivalent of having a rocket launcher tied to it atm...
especially id the recent high above 100p gets taken out!!

atb, and good luck...
trendfriend

Thanks TF...yes and there are several new items likely to move this, not least a couple of drills. One to watch for 2017 I think..I am over 120% up and holding for the value crystallization event (Take Over)
GL
Ade

Sound daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...n6Q3WVgVy42RQI5gvKw=

Just a quick update here, nice move to the upside which we were looking for....

Broke above what became quite a stubborn 85p level, which looks like a pivot level, and i think its provided the momentum trigger for further gains.....

92.5p>104p>120p the key levels to look for, line in the sand (for me) now at the 85p level. (so stop at 83p)

So only a close below 85p would delay the the above numbers getting hit imvho....i think things may move fairly rapidly from here...

atb, wdik, dyor,
trendfriend

I bought some of these yesterday and added today at 82p.

looks like a wedge/triangle breakout, and the overhead trendline as well as the 20 and 50 day ema have been perfectly retested and held.

Target, i think the recent highs of 100p area should be easily achievable here.

atb, wdik, dyor,
trendfriend

Thanks for the reply TF ....it seems to be a perfect storm based on fundamentals:

- Limited shares
- Institutional s told to buy in on open market (no mates rates)
- The Gas field in Morocco, 1 Tcf = £1 on SP (thought to hold anywhere from 5 to 20 Tcf- if all connected)
- Great CEO a Man at the helm who knows how to sell the company.

From a charting perspective, I am lost, but I am also weary of the GKP, XEL scenario where we spike (£4 +) then forever downwards.....it is defying gravity , and if it hits that 120p region I may well sell and see what happens.

Out of interest, why does your chart not include the prices action from 85 to 95p over the last few sessions?

This just keeps on going up Ade!! Amazing.

Sou daily (chart from Fri 9th Sep)
uk.advfn.com/p.php?pid=chartscreenshotsh...syyFqV1kSG2hjEtqE%3D

It looks like a broadening Triangle which give a target of around 115/120p area (rising daily),i was looking at a possible p/b ast 80p, (considering the over heated rsi atm) back to the trendline, possibly a tad lower as a good buying opp....

However this now looks like it will hit that 120p target, and it should quite possibly retreat from there... lets see, enjoy the rally for now.....

atb, wdik, dyor,
Trendfriend

REMO - your updated chart post has disappeared?

Anyhooo....this is why this share is so exciting:



four digit sp expected....lol !??

Well, this share keeps getting better and better.

A truly magical rise through 75p + today and I think the fundamentals are holding this up.

Not falling in love with any more shares...pure profit play, but you can't argue with such a milti-bagger.

I would love to hear thoughts on where next resistance might be..as I think we have cleared everything....uncharted territory?

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...PrTKSY+j2Z2qyNoHfEg=

nice rally here, and with the rsi around 90/100 level, and the rsi bearish div, a p/b was inevitable.

so i think a p/back to around the Mid July peaks to between 43/47p, so around 45p this is also where the 20 day ema line is as well.
Any p/b to those levels is a buying opportunity imvho, i'm not following the news here, so the technical's are off course news not withstanding.

dyor, wdik
trendfriend

Great call Ade, congratulations, nice trade!!

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...3MAGmxzfd5iH+VklUCA=

I have been trading this as well. I like the way the 20, 50 and 200 day ema line are all pointing up, something which only happens in truly bullish situations.

currently this looks like a consolidation of the gains, and a possible bull pennant/flag building, i think its worth buying the breakout.

while riding the bull side higher is good fun. One word of caution the rsi is very overbought, possibly a slight div as well, so this will come back down substantially at some point, when?? i don't have a clue tbh, it could come back for p/b tomorrow or it could just stay overbought for weeks and weeks!!

have fun with this, hope this keeps going up and up!!

atb.wdik, dyor.
Trendfriend

looks like my timing might have been a little out...but this GEM has legs.

i13.photobucket.com/albums/a272/ademcg/S...1st%20Aug%202016.jpg

News imminent on their drilling / flow result in Morocco, 1Tcf in value to the Sound sp was estimated as approx 100 pence by a number of people.
Multiple Tcf is peoples thinking and it looks like Institutional' s have been told to purchase on the open market...probably adding to the upward move over recent days.

There is lots to this one and the move could be buy rumour, sell the news..watch this space, RNS due to hit this week

Hey TF,...I totally hear what you are saying......that is why I have only put my normal 50% stake in on this one while I do more research and like REMO look how this market is going to go.

On the weekly it seems to have popped above your down trend line?

I am also still invested in both XEL and GKP.....long term I think they will turn...but it is painful to see where they are right now. I will look to load up when / if we reach a true bottom for the rally and maybe take profit along the way.

Sounds(sorry, couldn't resist ) good Ade, just be careful not get too sucked in by the fundamentals imho....

Brings me back unhappy memories of GKP and XEL!!
ATB,
Trendfriend.

thanks TF...good spot...just added the weekly trendline (I did consult the weekly in-line with our charting code of pratcise , but missed the line draw )

Hopefully the expected news flow will push / drive this in the bear term (profit taking 25 +p) is my initial plan given the news flow and I hope associated sp movement:

New flow - potential sp drive events

1. Nervesa Gas (next week announcement due)
2. Badile permit (2nd week Feb)
3. Possible Badile Farm in.(follows point 2 above)
4. Sidi Moktar news
5. Tendrara groundworks rig on site and spud
6. It is one of Malcy's fav shares at the moment - he regularly reports on it update article due
7. Roadshow to New York at the request of brokers for thee days of meetings Breakfast, Lunch and Dinner, this share was up 25% after the first NY roadshow, second one a bit of a flop but 6% of shares now held by US investors.

Interesting times

This doesn't look bad, the setup is bullish....
However i see a issue, not going to say this is not going up....very possible it will, but if we look at the Monthly(our Master Wavesurfer did always say look at the weekly/monthly charts)

You can see this is bang on the trendline resistance. So you have a trendline below, and a trendline above.
Whichever direction this out breaks with a monthly close, will be where its heading mid to long term, so i would wait for this before taking a position. just my honest opinion and wdik.
ATB
Trendfriend.

Thanks for the thoughts guys....

An interesting day...increase in volume...no DMA for me so I can't tell if it is on the buy or sell side.

s13.photobucket.com/user/ademcg/media/So...%2028%20Jan.jpg.html

support...15.52,,12.5
Resistance....18.48,,,19.09(trendline),,,19.66,,,20,,,21.75,,,25,,,26.5

as can be seen from chart there are loads of resistance ahead.This has to clear 26.5 before any real strength can come in.
im out of all shares for the time being until i see an end to the bear market.

dl.dropboxusercontent.com/u/4899609/soundoil.png

Looks Like it has some potential, especially if it clears that high at 18.48p

An interesting Gas play with lots of news imminent

i13.photobucket.com/albums/a272/ademcg/Sound%20Energy.jpg



Currently reaching an important chart point, will it break the 18.48p Fib ? Push on ?
lots of the indicators, RSI, Stochs and MACD point to a positive push.

Very interesting chart...with the recent peak of 26.73p coinciding with the 261.8% fib extension of sp from Sep 2013 on the weekly chart....such fun

Thoughts appreciated