genl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...taYViBrkv7MO6VMYE%3D

Looking at this, its finding support at the bottom of triangle. Question is will that triangle hold?
As Paitech has said the 200 day ema line is also key.
On the plus side the rsi has made has been making l/h's and l/l's. On the last drop the rsi has so far not made a l/low....

I think if this can get a 2 or 3 eod day close back above the 200 day ema line it may be worth a long with tight stops...alos note that the longer term chart shows the main up t/line has been breached.
Need to more strength before going long i think....this can and usually does bounce back...

lets see...
atb, wdik, dyor,
trendfriend

Hi Paitech - I just added a few at 150 - I'm hoping that's not the kiss of death for it!

What do u think guys?
Will it hold or will it go down to 200dma?
I was tempted to buy at the trendline today at 151p

Comments welcome.
ta
G

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

this stock looks to be under pressure....it could hold this 115p area and bounce....it it does not then 100p area imvho...

atb
trnedfriend

I think this has broken down....
Maybe good to short? I am on sidelines though

genl - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...j+M2/Ib97VHtl+Dip4w=

No inv h&s or h&s top pattern as far i can see.....but wdik!

you can see from the weekly whats been holding this stock back....the overhead resistance t/line
this has been in a downtrend for a couple of years. to be fair oilie's have been out favour for some time.
which in some ways is a tad unfair tbh....but its just market sentiment.....
atm it all about gold....how long will that last?

genl-daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...fNPqH1UTMM6J+CYGjps=
if this can get above the red line and hold above 149p....it can go to 180p
if i'm being really honest....i think this will come down first before up to test that weekly t/line again at 180p.
the rsi is staying below 50 in a negative zone for a tad too long....see how well it held above 50 while it was bullish..... and the 20 and 50 day ema line seem to be turning down.....

All of which i think points to down before up...115p to 120p imvho...lets see..

atb, wdik, dyor
trendfriend

Do you see a head n shoulder pattern on this chart....

genl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...j+M2/Ib97VHtl+Dip4w=

yes this could bounce back strongly towards 180p if it can hold this channel and the the important 50 day ema line at 141p.

on the flip side a break below this channel and that 50 day ema line could see 120p and if 120p doesn't hold then even 100p imvho.
again look for a technical trigger like a gap up of the t/line or below the t/line for a signal imho...

atb, wdik, dyor,
trendfriend

attached pic again

HI TF,
Please have a look at my chart..
I see 138 as a good support....if broken can go down.....
I was thinking of going long...
I use city index charts...
ta
G

Thanks TF.
I did buy around 144 and luckily managed to sell around 152 last week...
I think now it has gone below its 200 d ma...so oon sideline
Ta G

genl - daily.(chart from 22 Jul)
uk.advfn.com/p.php?pid=chartscreenshotsh...nSt+uyKoc/jkEL4vn/k=

This did look like a strong b/out above the 200 day ema line and a key pivot level at 168p (red support line)
However this has now fallen back....and it may well be retesting the 200 day ema line feature on the daily chart at around 148p.

worth i buy i think at that level with tight stops.
If it drops below 148p and close below then the strong move and rally on Tues may have a bull trap...

I still think this is bullish while above 148p imvho.....

atb, wdik, dyor,
trendfriend

Hi TF, what do you see on the charts for GENL?
My free charting has reached the capacity for the month apprently!
ta
G

Hello All,

I wanted to buy in as soon as it broke out of triangle... but havent...

some charts for Genel, these are from the w/end...so this weeks candles are missing...

genl-weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...GyxSoYcpR8xl+xxLKdE=

see the almost exact repeat pattern...the big rally up....followed by a p/b...
If and off course its only an if atm...history was to repeat itself...this is quite possibly close to a bottom imvho...

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jmhmCQzjuYuEwve3DZo=

Here you can see the fib levels.. for the 2 rallies...(i'm not a fan of fibs tbh...)
the last p/b ended just below the 61.8 level, if we get the same again...should take us to around 165/175p area...

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...m5zHZMO35mDBUXUkY%3D

This chart shows the peak of the last rally was around 166p...and the bottom of the current trend channel is around 170p ...

so 165/175p area....if we do go there.....
i'm looking to buy in...and add if we see a tad lower... stop below 155p to start with...

what do you guys think about Genel??

atb, wdik, dyor,
trendfriend

i hve some charts interesting charts on this...expecting final drop towards 165p/175p area....before rally imvho...

try to post charts later...

atb, wdik, dyor,
trendfriend.

genl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...xkrWpuQociqz5ZhoY%3D

This is still in a consolidation / p/b phase imvho....and still making lower lows for now....a move to test the key 200 day ema line feature cannot be ruled out....and a great place to load up imvho.....if it goes there...
The rsi is holding below resistance and keeps failing at the 50/100 neutral level, which suggests further sg=hort term weakness

atb, wdik, dyor
trendfriend

Lucky out at 258p

Bought genel at 248p

thank you T/f - you are a star!!

genl - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...hZX%2FUZXpkCModW8%3D

Bullish weekly close here on Friday above the key 200 day ema line on the weekly chart.

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...eYfIZ1BnxC7BO4A9A%3D

this looks strong, and momentum is clearly to the upside, however the rsi is around 90/100 level....so well overbought atm....and a p/b is likely....LTH's will not care a jot....and that's any p/b's will be buying opportunities imvho...

a p/b to around 220 - 250p area, for the overheated rsi to cool down, is an opp to get in or add imvho....
this looks like it wants to go to the 400p area, so any near term p/b would actually be healthy and a spring board for the next leg up.

only a close back below the 50 day ema line feature currently at 200p would call into question those upside targets.

nice work, and well done for having the faith here Anne, and Paitech....nice work folks!

atb, wdik, dyor,
trendfriend

Thanks Trendfriend; it's done REALLY well recently and, looks like to might continue to do so ... fingers crossed!
Delighted to have held on

This has done really well recently!

Hope Anne, and other lth's have held through the p/b this had?

atb, wdik, dyor, good luck!

trendfriend

Hold or sell?
Comments would help
Ta
G

This has broken out at 138p
Will add charts soon

Genl - Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...tWjhoM/VMP7jn+XYmYc=

Key 105/106p pivot level, if it breaks below targets around possibly as low the 80's area.....

I think 105p wshould hold, as buyers will come in and above 105p targets 130p area again initially.

I have have bought some here, lets see.....

atb, wdik, dyor,
trendfriend

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XbKdrwfepVE2FDWos%3D

I closed this position today, because it seemed to be stalling around the the 20 and 50 day ema line....at just over 130p....if it breaks above those, i'll get back on board here...if it fails, this could come back, once again to the 200 day ema line....and trendline....this time, i would not buy it at that level, as 200 day ema line, are usually firs touch trades only...

Second tests could break down, so now possibly waut for 105p level here for new longs....or above 133p...

atb, wdik, dyor.
trendfriend

Genl - Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...+NG8phu47kaRJ72JIvA=

I bought a few this morning at 1.13p. Stop below 100p for now.

Main trendline and 200 day ema line test, this area around 112/113p should hold imvho.
Also a bullish rsi div starting to show.

intraday break below to 105p possible..... if it does i may add another position, but that is the line in the sand for me(105p)

Regional news seesm to be knocking this down, and it seems a good opp technically, but its always going to be news notwithstanding imho....

atb, wdik, dyor,
trendfriend

Big fall today...now at 113p

genl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Nbx35qLHX3qHyAuoTqs=

this took its time, finally decided to come down, i think a lot buyers will eyeing up that 105p pivot level, so maybe this will find more eager buyers around the 200 day ema line at currently at 109p.

With a stops below 105p.

lets see...

atb, wdik, dyor,
trendfriend

This went down to 137p then climbing back up!!

TF, I am always keen on GENL, RMG, SXX SOLG LLOY many of them.. so please do not stop posting them.... I really like your thoughts and charts.. ta G

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...gQSi2OX3Xahc2hQsg%3D

I have quite a few more charts with nice potential set ups, as i'm not sure anyone is particularly interested, so i will make this the last chart, as this is followed and traded by c/v'ers..

This has held up quite well, looked like it would break down a few times...but held up well so far

This is in such uniform range, with buyers coming in just under 150p, and what quite possibly looks to be a seller or sellers at around 165p.....

I think if you can't beat, then why not join them...buy sub 150p, sell around 165p, for a tidy 10% or so...

However it should the case, any breakout from the current range, should see a decent move in the direction of the break...

Enjoy the rest of the weekend, and have nice week everyone....

atb, wdik, dyor,
trendfriend

genl - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...OGkOF3FRPaiV91w4g%3D

This is showing the first technical signs of a top short term top here...
Negative rsi divergence building....

could just be small p/b, or consolidate further, if manage to close above 166p, then it will go higher.

i think a move down 125p initially, and then 105p of 125p fails looks possible here, but wdik....it could just keep zooming up...

dyor, wdik, atb,
trendfriend

no point worrying about spilled milk Paitech, if you sold for a profit, then it's fair game, and how the market works...

may as well look to the future and what the current setup could show.

genl daily(chart is from 1st of Sep)
uk.advfn.com/p.php?pid=chartscreenshotsh...EDRoTqZCdpEppvV+knc=

looks a its making a bull flag,so its in consolidation phase above 148p pivot level, difficult to to see clear breakout point atm, but a break above 166p recent high, should see a breakout to 200p area....

however a close below 148p could see some kind of p/b, quite possibly to one of the coloured arrows on the chart, the worse case for any p/b likely being the 105p pivot level.

I think a reasonably decent chance of this testing that 105p area, and that could happen with the longer term bullish high end targets remaining intact...

All depends on how much of fan you are here, if you really like this stock then buying at 148p, makes sense.
For traders looking for a nice trade opp....waiting for a possibility of 105p, is the level to watch.

good luck everyone, and have a good week,
atb, wdik, dyor,
trendfriend

This has hit 160p now.
I sold too early....

wow great posts guys, thank you!!!

Mr TF you are a star! (Please blame me if things get tricky with Mrs TF )

Hi Anne,

Nice Analysis below, i think your pretty much spot on short term 150p looks likely, but longer term this is very interesting, although not quite clear cut as could be..... really needs to break 150p to prove itself

Having looked closely at this i have to say purely technical perspective, a summary would be "the glass is half full"....
I do get a feeling from the chart that this may, possibly fairly soon be ready for a big sudden boost.....possibly on some news??
Any news expected here???

then maybe a big p/b again
I could well be seeing that wrong....just a feeling from the chart....
Anyway some charts specially for Anne....

This shows the bullish short term channel, and the top around 125p....could stay in this channel to 150p possibly. Also important the key pivot level of 105p was broken above, and that could well be the momentum trigger for moves higher....


Is that a possible H&S bottom, certainly looks like one, could possibly be....but it's quite the real deal, because of the volume on the neckline break out (at 105p)....
So possible maybe we will higher volumes soon?? to confirm it??? lets see....



We do have one more sign of a possible big move on this stock....That looks like a golden cross of the 50 and 200 day ema lines....
Possibly indicative of a big move on the horizon here....



So how can this go??



Firstly 105p needs to hold as support.
Above 105p look for 150p.
Above 150p not much resistance to 270p
Above 270p a best case target of 400p looks possible Mid/long term imvho.....

I think this stock is now good to buy the dips, any p/b to the 20 and 50 day ema lines or a test of 105p are buying opps....
I have traded this a few times, never seem to catch the best trades, maybe a p/b will tempt me back in here...

Good luck, hope this zooms higher, certainly looks like ready now imvho...

atb, wdik, dyor (better go before Mrs TF catches me doing charts at the w/end!! )
trendfriend

ok - in my humble opinion, it's going up!!

My reasoning - well that's not quite so easy, but here goes:

despite today's trading, it has managed to close well above 21 day ma; RSI and stochs remain in positive territory and volume appears to be gently increasing. Quite where this event might take us to, that I have very little idea, but I wouldn't be surprised to see us back in the region of 145/150 quite soon (or maybe this is all just wishful thinking; I've been in GENL a very long time! )

Now you can tell me what you think and I'm more inclined to believe you than I am me!!

Hi Anne,

Hope your keeping well....
Nice to see this doing well!!

I can tell you what i think, was looking at this yesterday.....

Why don't have a go, and tell us your view first please?
Far more more likely to be right than me anyway!!

atb, and good luck with Genel....
Trendfriend

TF
I did buy this at 82p and sold at 102.5, just before the update from company...
Bit gutted as it has gone to 128 p now....
I had 5k £ at 82 p

Ta
G

Well, that was a pretty impressive performance today! And a very welcome move indeed!

I'd love to be able to make some predictions but on the basis of this performance I'm afraid it's beyond my skills - maybe there's someone else out there - Trendfriend? Remo? who might have a few comments to make ...?

I don't think you have missed the boat.....

It's in this falling trend channel, and unless it can break out, its likely to move back down to the low 50's. imvho...

a close above the channel could 97p....bear market rally quite possibly atm....lets see...

genl daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jQOCdylA6x830PqXg%3D

atb, wdik, dyor.
trendfriend.

I was holding back for a buy. Surprised its come up from 54p to almost 78p today!!!
Did I miss the boat?
Ta
G

Looks like its broken out of its trading range, so will go lower the height of the trading range so around 42p.

Where is this headed now?
I guess as long as its below 65p, heading downwards?
Comments welcome.
ta
G

Genl daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0gAtgZNMGviDiQSKk%3D

Nice chart Anne thanks for the heads up here
Well spotted here, nice break above the main trendline, and back above the 20 & 50 day ema lines.....
I think this could well be the real deal, because of the rsi divergence!!

this is has given false signs of recovery a few times, so a move back above 90p area(pivot) is needed to confirm....

I bought a few, at 80p this morning, as it looks good to me atm....
will add on break of the 90p area, my stop is below the the recent lows, at 65p for now.....

atb, wdik,dyor
trendfriend

Did I miss the boat at 67? was thinking this willl go down.. but seems the RNS shows good news ahead may be farm in news soon?

maybe, just maybe this has seen the bottom? It would be good to see it turn a corner - I'll be watching with a view to adding a few if it's able to hold a close of around 78 tomorrow - maybe??