Long GENEL today

Nice one Paitech...

This came down right to area we were looking at!!
This had a nice bounce, but it still has a lot do...

Look out for the 20 and 50 day moving averages... this has trouble getting above them...
It shows on the chart...
uk.advfn.com/p.php?pid=chartscreenshotsh...+Ty4=&symbol=L%5EGKP

Got a feeling this will hang around that 20 day ema @ 350p area, and come back for a gap fill to around 300p .... this is where i'm looking to go long again..
I could be wrong and it may just zoom past the 20 and 50 day... if it closes above the 20 day, and stays above for a few days, it should be a sign of strentgh... and next stop would likely be the 50 day...
This is good mid term, so good luck whichever you play this...it may be wise to bank half @ 350p and wait to see what happens... jmho..

Regards,
Trendfriend.

Happy with my 10k£ purchase at 290p....now need finding a right price to sell....

Bought some genel at 290p. First tranche...will addd more when it goes below...

uk.advfn.com/p.php?pid=chartscreenshotsh...7MWcMzw=&symbol=L^BP .

Getting there.....
this is making its way to the target

280p (ish) if it hits the falling support trendline this week...

Regards,
Trendfriend.

From fools...

I've recently bought back into Genel but too soon and my average price c. 420p. I like Genel because potential to be a long term hold since can outperform oil price - low OPEX/CAPEX and gas to Turkey. Good balance sheet and can survive any storm thanks to domestic sales for which they are paid. With KRG 'committed' to regular export payments from Sept, the shares look oversold at an all time low of 343p. Haywood said he is expecting current sales to be paid in full but market assuming a token peanut. I suspect something in the middle.

boards.fool.co.uk/when-to-buy-13254722.aspx

Can only tell you what i would do in that situation Paitech...
I would pay of me loan..

In any case these markets are scary atm..
Takes a brave to go long right now in any case..

I think Genel has not bottomed out yet jmho..