Tlou Energy. Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...q0NCVamKodRgN+IgA4c=
Just a quick look here, as it looks to me at a technical turning point, and i like the look of the setup here.
Had a pull back early year highs, nice basing took place at 6p, strong support at that level.
What we seeing now is a nice rally, and a move above the 20, 50 and 200 day ema lines, now this needs to break above 8p resistance and 8.5p for triangle breakout.
If It can manage to that, and close above 8.5p on eod closing basis, this should go on to to 11.5p and then quite likely to 13.5p retest of the year highs looks possible as a best case....
in terms of a absolute stop level, below 6p imho.
I'm holding these already, bought more on the dip, and may well add on the break of 8.5p if it happens...
This is being ramped very strongly on the fundamentals on the LSE bb recently, usually those views (not that i read them all!) can be very one sided.
When i see that i go on the assumption that everything is ok on the fundamental side atm here, and focus on the technical's for trading it...
Be lucky folks, as always dyor, wdik, atb,
trendfriend