Follow up chart 7/7

Trade in profit and still on going
SL moved to below the low of yesterday (1062)

Inside Bar today after gap up at the open y'day


Order to open for tomorrow for long position at 1090
SL below the gap of y'day @ 1040
==============================================
Sorry remo the old thread of tullow oil has been blocked for some reason so had to post this as a new topic

This has hit the head and shoulders target from a while back. This was also mentioned in the interesting chart section this week



This went as low as 931 so more or less perfect . Then it bounced beautifully.

Looks like this is heading towards the head and shoulders target

Check-out Remo's blog on Tullow Oil:

www.chartsview.co.uk/blog/tullow-oil-hea...ulders-breakout.html

Here you go remo:



dl.dropbox.com/u/20815047/TLWdaily13_01_13.gif

could some one with updata post a daily chart of tullow oil please as i want to check if my chart is right. I dont remember tullow filling the gap down on friday..
thanks

This is playing out nicely as well

it tested the head and shoulders break then created a shooting star and also gave the perfect entry after by going half way up the shooting star.
this should be a free trade now



dyor

This is testing the head and shoulders break out point.
You should already be short on this but if you were to enter then have your stop above 1284

DYOR

remo wrote:


Thats what i call a good trade.
See how powerfully that bounced of that trend line today. Thats the power of the first touch .

DYOR

No problems at all bv, most people do and it doesn't trouble me. My sons call me Fat Alan

Shotry wrote:

Around that area will be a good area to top up on if it does head that way. The head and shoulders is pointing that direction.

Sorry Shotry, got the "r" in the wrong place.

Shorty I find if you right click on the chart and then click "open image in new tab/window" then this will give you a separate and larger chart which you can then magnify again. This is on a mac, but should work on PC too.

Are you talking about the horizontal support somewhere between 880 and 936?

screencast.com/t/8AMhAcBXk

Shotry.
If you click on the chart it should go full screen.
Hense why I don't put up a link.
If this does not work let me know what device your using to view the charts??

Remo, at one stage you were posting a link to your charts. I don't see that any more and I can't read the figures/text on the charts as they're too small for me? Am I missing something or would it be possible for you to post the links so I can see larger versions? I'm struggling to see 930?

Just had another look at this share and noticed.
Theres a head and shoulder breakout on this as well.
Id still go long on first attempt of that trend line but will take profits pretty quickly as the target for the head and shoulders breakout is in the 930ish region. Thats the level to top up on.




DYOR

longterm_view.
LOL. how did you know that it was the ftse350 i went through. You know your shares

The reason i left tullow out was you guys have already covered this

Id look to go long at 1110 on first attempt basis with tight stops.

Remo,

You seem to have missed Tullow Oil in your analysis of every share in the ftse 350 this morning?

ftse80,

Tullow still looks in trouble. We said it hadn't bounced off a solid support. (Well not one I could make out)

1110 (raises daily) Weekly Trendline since 2008.
1125.5 Horizontal support.

dl.dropbox.com/u/21384991/Tullow%20Oil%2...12.w%20%28DFB%29.png

I will wait for a test of the trendline.

ftse80

Here's my take on Tullow, I"ll always have a go.

Might be talking rubbish though!

dl.dropbox.com/u/21384991/Tullow%20Oil%2...12.w%20%28DFB%29.png

Seems there is a lot of support around here, a biggish area.

1246.4 50% Fib
1224.5 Horizontal Support
1210.3 Weekly 200EMA
1209.5 Horizontal Support
1200.0 Round Number Support
1199.8 Horizontal Support

1109.5 Weekly Up trend line.

It is looking oversold, but that doesn't stop it going lower.

It didn't really bounce of a support (1235.5) that I would have put on my chart. Other than the big area between 1246-1199.8.

Hope it helps!

Doji at the previous gap support and oversold RSI

Any thoughts?