Sound Energy - SOU

Thanks for the reply TF ....it seems to be a perfect storm based on fundamentals:

- Limited shares
- Institutional s told to buy in on open market (no mates rates)
- The Gas field in Morocco, 1 Tcf = £1 on SP (thought to hold anywhere from 5 to 20 Tcf- if all connected)
- Great CEO a Man at the helm who knows how to sell the company.

From a charting perspective, I am lost, but I am also weary of the GKP, XEL scenario where we spike (£4 +) then forever downwards.....it is defying gravity , and if it hits that 120p region I may well sell and see what happens.

Out of interest, why does your chart not include the prices action from 85 to 95p over the last few sessions?

This just keeps on going up Ade!! Amazing.

Sou daily (chart from Fri 9th Sep)
uk.advfn.com/p.php?pid=chartscreenshotsh...syyFqV1kSG2hjEtqE%3D

It looks like a broadening Triangle which give a target of around 115/120p area (rising daily),i was looking at a possible p/b ast 80p, (considering the over heated rsi atm) back to the trendline, possibly a tad lower as a good buying opp....

However this now looks like it will hit that 120p target, and it should quite possibly retreat from there... lets see, enjoy the rally for now.....

atb, wdik, dyor,
Trendfriend

REMO - your updated chart post has disappeared?

Anyhooo....this is why this share is so exciting:



four digit sp expected....lol !??

Well, this share keeps getting better and better.

A truly magical rise through 75p + today and I think the fundamentals are holding this up.

Not falling in love with any more shares...pure profit play, but you can't argue with such a milti-bagger.

I would love to hear thoughts on where next resistance might be..as I think we have cleared everything....uncharted territory?

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...PrTKSY+j2Z2qyNoHfEg=

nice rally here, and with the rsi around 90/100 level, and the rsi bearish div, a p/b was inevitable.

so i think a p/back to around the Mid July peaks to between 43/47p, so around 45p this is also where the 20 day ema line is as well.
Any p/b to those levels is a buying opportunity imvho, i'm not following the news here, so the technical's are off course news not withstanding.

dyor, wdik
trendfriend

Great call Ade, congratulations, nice trade!!

sou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...3MAGmxzfd5iH+VklUCA=

I have been trading this as well. I like the way the 20, 50 and 200 day ema line are all pointing up, something which only happens in truly bullish situations.

currently this looks like a consolidation of the gains, and a possible bull pennant/flag building, i think its worth buying the breakout.

while riding the bull side higher is good fun. One word of caution the rsi is very overbought, possibly a slight div as well, so this will come back down substantially at some point, when?? i don't have a clue tbh, it could come back for p/b tomorrow or it could just stay overbought for weeks and weeks!!

have fun with this, hope this keeps going up and up!!

atb.wdik, dyor.
Trendfriend