Genl

genl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...taYViBrkv7MO6VMYE%3D

Looking at this, its finding support at the bottom of triangle. Question is will that triangle hold?
As Paitech has said the 200 day ema line is also key.
On the plus side the rsi has made has been making l/h's and l/l's. On the last drop the rsi has so far not made a l/low....

I think if this can get a 2 or 3 eod day close back above the 200 day ema line it may be worth a long with tight stops...alos note that the longer term chart shows the main up t/line has been breached.
Need to more strength before going long i think....this can and usually does bounce back...

lets see...
atb, wdik, dyor,
trendfriend

Hi Paitech - I just added a few at 150 - I'm hoping that's not the kiss of death for it!

What do u think guys?
Will it hold or will it go down to 200dma?
I was tempted to buy at the trendline today at 151p

Comments welcome.
ta
G

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

this stock looks to be under pressure....it could hold this 115p area and bounce....it it does not then 100p area imvho...

atb
trnedfriend

I think this has broken down....
Maybe good to short? I am on sidelines though

genl - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...j+M2/Ib97VHtl+Dip4w=

No inv h&s or h&s top pattern as far i can see.....but wdik!

you can see from the weekly whats been holding this stock back....the overhead resistance t/line
this has been in a downtrend for a couple of years. to be fair oilie's have been out favour for some time.
which in some ways is a tad unfair tbh....but its just market sentiment.....
atm it all about gold....how long will that last?

genl-daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...fNPqH1UTMM6J+CYGjps=
if this can get above the red line and hold above 149p....it can go to 180p
if i'm being really honest....i think this will come down first before up to test that weekly t/line again at 180p.
the rsi is staying below 50 in a negative zone for a tad too long....see how well it held above 50 while it was bullish..... and the 20 and 50 day ema line seem to be turning down.....

All of which i think points to down before up...115p to 120p imvho...lets see..

atb, wdik, dyor
trendfriend