Premier - PMO

Never a good idea to call a bottom on a stock, but today's candle here looks to be a exhaustion candle to me imho.... could well be a sign the sellers are now done...

uk.advfn.com/p.php?pid=chartscreenshotsh...BKhiHY=&symbol=L^PMO

I'm looking for a break of the double resistance @ 86p to confirm....

Regards,
Trendfriend

This bounced nicely from the falling support trendline.... it did break below, but only on Mad Monday!
20 day ema @ 120p is a achievable short term target here imo... lets see...

uk.advfn.com/p.php?pid=chartscreenshotsh...b8%3D&symbol=L%5EGKP

Regards,
Trendfriend.

Be careful out there with new longs as i suspect this is only the start of further big falls on the markets
Best way to enter now is on 123 low breakouts only.

Trendfriend,

Appologies, it was 96p my buy price.... chart attached....

ta
G

Absolutely TF. I just worry when posters consistently throw numbers and buy/sell levels out there without support, particularly when the markets are in turmiol. Like iii it just plants numbers in the mind of readers who might jump in unawares thinking there is sound reasoning behind it. Doesn't matter what the reasoning is, as long as it is clear.

Always best to post reasoning and charts for discussion. I thought that that was what chartsview was about?

F4T

Weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...25+s=&symbol=L%5EPMO

Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Ts%3D&symbol=L%5EPMO

Close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...Rj/8=&symbol=L%5EPMO

No doubt, this was speculative to go long in these markets, but this has been respecting the falling support channel trendline since 2011. It did break below the trendline yesterday, that was simply a crazy day, seems to have bounced back above today...
Add that with the divergence on the RSI, it looked to be the signal at least some kind of bounce of that level.
This may well be a dead cat bounce, so lets see...
It would be nice if folks would respect that people can choose to trade as they wish. Even if one does not agree with the reason or technique for that position.. jmho
Chatsview has always been a pleasant board with good folks, please lets keep it that way..

Regards,
Trendfriend.