Long GENEL today

Been watching this as well. Looking for any buy signals
A small rise here, and it looks like we may be developing a buy signal imho.
Looks like a RSI Break, and a break of the very short term trend line. Lets see how this opens...
I would buy this if it can get above the 20 day sma @ 265p (be a but lower than 265p tomorrow). If it can break the 20 day it may well be heading for that 50 day sma @ around 295p.

Needs to break 265p (20 day sma) to confirm this is worth entering...
As this is would be a trade against the bear trend, stops are a must, and should be moved to profit imho...
hint, hint Paitech hope your keeping well btw...

Regards,
Trendfriend.

Bought yday at 232p.

Potential trade coming up here, (scalp only)
uk.advfn.com/p.php?pid=chartscreenshotsh...0O0=&symbol=L%5EGENL

This is showing some strength recently and it managed to hold support at 250p.
You also have a divergence on the RSI atm..

If this can get above the trendline and 20 day sma at 270p... it could well be heading for the 50 day at 300p
Stops are a must as this would be a trade against the trend, stops would need to be moved to profit on a rise.

Regards,
Trendfriend.

uk.advfn.com/p.php?pid=chartscreenshotsh...AMQiPv23qQsM0kY4IxI=
Chart from close yesterday...
315 moving ave's and gap above, was always going to be hard to break first time here...
this went upto about 314p, before retracing..
i think 270p is must hold(red line on chart), break below could means lows(or new low..)

you can see how some important level are coming together here... the trendline... the moving ave's and the gap....
i think time to go long on a longer term basis is when those levels get taken out imho... and i think they will all get taken out in one big push up
No real trade here now for me anyway(missed out on that little push up), wait and see for now..

Reagrds,
Trendfriend.

I think first target 307p....then higher...
Good luck
Ta
G

Looks ok Paitech, nice bounce... watch the volume, needs big volume and a up day imho....

i'm not gonna chase this now, 315/320p is the target(for now), i'm going to see what happens around there...

Good luck, hope this jumps for you..
Post a chart later...

Regards,
trendfriend.