Premier - PMO

Trendfriend
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7 years 2 months ago #15607 by Trendfriend

Replied by Trendfriend on topic Premier - PMO

pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...EMGNn04immeT8qUxs%3D

the call here was for a drop to around the low 50's here...as things stand it has found some support around the mid 60's...a break above 72.4p is a 1,2,3 low or h/high....could equally be a bear flag....and its a fine line between the two sometimes

atb, wdik, dyor,
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7 years 3 months ago #15595 by Trendfriend

Replied by Trendfriend on topic Premier - PMO

i think caution with this imvho...
the way it's hanging around that trendline is not a good sign....ideally need a quick drop to that area...and then bounce....therefore a change of momentum...

this looks like it wants to break down imvho...lets see..

atb, wdik, dyor,
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7 years 3 months ago - 7 years 3 months ago #15593 by MRA4

Replied by MRA4 on topic Premier - PMO

What is the support on the oil Price as the falling prices are not helping oil Shares?????

Last edit: 7 years 3 months ago by MRA4.

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7 years 3 months ago - 7 years 3 months ago #15592 by MRA4

Replied by MRA4 on topic Premier - PMO

currently sat at two Support levels,The main trend line 68p & 61.8% fib from high of 147(2ndoct) & low of 19p(12thJan16), I have another Horizontal suppport level if tendline breaks(63p)