Genl

Do you see a head n shoulder pattern on this chart....

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

yes this could bounce back strongly towards 180p if it can hold this channel and the the important 50 day ema line at 141p.

on the flip side a break below this channel and that 50 day ema line could see 120p and if 120p doesn't hold then even 100p imvho.
again look for a technical trigger like a gap up of the t/line or below the t/line for a signal imho...

atb, wdik, dyor,
trendfriend

attached pic again

HI TF,
Please have a look at my chart..
I see 138 as a good support....if broken can go down.....
I was thinking of going long...
I use city index charts...
ta
G

Thanks TF.
I did buy around 144 and luckily managed to sell around 152 last week...
I think now it has gone below its 200 d ma...so oon sideline
Ta G

genl - daily.(chart from 22 Jul)
uk.advfn.com/p.php?pid=chartscreenshotsh...nSt+uyKoc/jkEL4vn/k=

This did look like a strong b/out above the 200 day ema line and a key pivot level at 168p (red support line)
However this has now fallen back....and it may well be retesting the 200 day ema line feature on the daily chart at around 148p.

worth i buy i think at that level with tight stops.
If it drops below 148p and close below then the strong move and rally on Tues may have a bull trap...

I still think this is bullish while above 148p imvho.....

atb, wdik, dyor,
trendfriend