Long GENEL today

I did say look to go long around low 250's, on the falling trendline.... i initaily thought it would take s few days to get to that trendline, by which time we would around that level....

However this has now broken below that trendline...
uk.advfn.com/p.php?pid=chartscreenshotsh...I%3D&symbol=L%5EGENL

i think that trendline and buy opp is now redundant... and this is one to sidestep if your on the sidelines..
Unless we get a recovery soon... and that RSI is bang on support atm.. so could push back up from here..
will look at where this is and could be heading later...
Looks like its joining its sector for a final pull down imho....

Regards,
Trendfriend.

gone past that level now, 262p

Near double bottom line....268p now

This could well be heading for the double bottom...
However i think it will make a new low... as it's has already dropped quite a long way form the high's of the last bounce...Which also the selling has not finished, the big holders are likley still looking to sell into strentgh imho...
I think its in this bearish falling channel atm... i'm going to look to go long on the touch of the falling support trendline...around the low 250's with tight stop..
This should still hold up reasonably well imho...
uk.advfn.com/p.php?pid=chartscreenshotsh...D&symbol=FX%5EGBPUSD

Regards,
Trendfriend.

possible double bottom trade at 268..but would have to use a tight stop just incase.


dl.dropboxusercontent.com/u/4899609/gen22ndoct2015.png

this looks more range bound currently

Is GENL heading towards 272... looks like it.. from charts...