Long GENEL today

quick look here... this has come back again
Still no news from that RSI...
must not get too bearish here imho... could well break out here...

Problem is the RSI is a delayed indicator, so will miss some of the rise. when it happens...
I prefer to be safe than sorry...

uk.advfn.com/p.php?pid=chartscreenshotsh...Wk=&symbol=undefined

Regards,
Trendfriend

good Question. tidy rise here today and a nice buy Andrew..
I don't know the answer to your Q tbh...but your stop should at least be moved to profit
I do know that the RSi held yesterday... and now its basically got a support under it and a resistance overhead...
If it breaks up tomorrow i intend to go long, breaks down i'm staying on the sidleines...
The other thing here this closed bang on support at 269p..i would only go long if it holds that support, otherwise would be entering at resistance

I'm also pretty sure(though not 100% certain) that 250p low today is not the bottom..
To see a trend reversal usually means a big volume down day(today volume was pretty average) followed by buyers coming in later in the day... sending it back up.... which would mean exhaustion candle....it could off course make a low without that, a 1,2,3 low or example...
best case for upside for now 319 imho...
uk.advfn.com/p.php?pid=chartscreenshotsh...XXA=&symbol=L%5EGENL

Regards,
Trendfriend.

I managed to get 2.54 yesterday, where would be a good exit level you guys reckon ?

Oh dear Paitech..

I used to make similar mistakes and hold on for larger gain. Its better to listen to traders here, and not get attached to a share.

I was thinking of taking a position here as the SP is at 254p, but its seems as though it may go lower, as TF stated below.

I didnt sell at highs of 370s...was in huge profit...was in from 270s n 290s.
Now in total loss....og my lord....
Needs to execute plan than greedy

200p the next buy level here imho... and i could off course totally wrong so dyor...
the channel formation we just broke below was a bear flag...
Weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...MNE=&symbol=L%5EGENL
Close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...Z4k=&symbol=L%5EGENL

200p (falling weekly)thats the best place to go long now in terms r/r imho... will do a more accurate daily chart when we get closer to that level...

Regards,
trendfriend.