Long GENEL today

This has bounced nicely on news...
If it can get above the 20 day at 425p... then could well bounce back strongly...

uk.advfn.com/p.php?pid=chartscreenshotsh...Wfs9A=&symbol=L^GENL

Regards,
Trendfriend.

Hi Paitech,

The trendline is at 250p area atm, its falling weekly....some way to go yet, but that's the mid term target here...
This could off course turn around beforehand. but there's no buy signals atm... wait for a buy signal to go long... 123 low is usually the best one... buying any other time is a real gamble imho..
The rsi is oversold, so we could get a bounce anytime now... most likely will be sold into...

We have some targets on crude of $30, so this could tie in with our 250p target here??

Good luck whichever way you play this, sometimes the best trade is no trade at all imo...
I'm waiting and watching this atm.
Regards,
Trendfriend.

trend,

what price is that trendline on ?

I am currently holding around 12K £ to purchase this.... so would be nice to buy at lowest I could buy for....

Weekly chart, this is falling quickly now...
This has hit the falling support trendline five times already,i think it will make it 6 before a substantial bounce.
uk.advfn.com/p.php?pid=chartscreenshotsh...Dos=&symbol=L%5EGENL

Paitech, carefull with longs here.. any bounce is likely to be sold into imho.... 250p area falling weekly is the target here... it wouls the place to fill yer boots!
Regards,
Trendfriend.

THinking of going long at around 365p.... in weekly chart...
Its a long term hold trade... Will update if I did go long... Tnx remo

Ta
G

Right now this is one to be avoided until a clear buy signal pops up. This has broken strong support at 450 and now id be looking to short this if this heads back to 450 area. This is in new territory now as there aint any price movements below this.


dl.dropboxusercontent.com/u/4899609/genel23rdjuly2015.png