Serica Energy - SQZ

Sqz - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...M57yboFAqmCRbFYBg%3D

I missed this but a perfect trend channel bounce today!

Be interesting to see if retest that trendline again, if it fails this should substantially lower imvho...

possibly as low as the 50's or 60's....lets see...

atb, wdik, dyor,
Trendfriend

wow....good for them....that's really fantastic...brave as well to invest so much....

www.dailymail.co.uk/money/markets/articl...th-Sea-oil-firm.html

Just a quick chart here.

SQZ - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...cjZ7I2HDF5xWzN1anYw=

i think this is starting find a bottom around here...(60p area).
It's currently in a battle with the 200 day ema line....

This does also look very much like inv H&S as well....although the neckline would be around 90p....but a break above the 2 overhead t/lines, and the 20 and 50 day ema lines on end of day closing basis....would be the signal to get long for cautious traders....around 69p (ish) currently with a stop below 60p.

atb, wdik, dyor,
trendfriend

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

i'm still looking and waiting here....if it dips down
While it is below the 20, 50 day ema lines, and teh the trendline...we have some possibility of a quick move down to around 52p (200 day ema line).... if it happens fill yer boots....if it doesn't.... fair enough....

if you really like this stock, then a break above the 50 day ema line is also good for going long imvho...

atb, wdik, dyor,
trendfriend

sqz - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Dtgj8P2TYgU9K%2Fw%3D

This stock is just incredible....

The rsi has been in overbought territory since lat Nov!! 7 or so weeks!! something which is very rare.....

I'm not sure if this will drop any further tbh....it may well p/b a tad more to the 20 day ema line at aeround 81/82 p (ish)....the rsi may hit its support trendline and then back up.....

One thing which is almost certian is it will make new highs.....so if you really like this, then i guess its best to "bite the bullet" and get on board soon then risk it running away....the next target here is around 105p....

It's not for me anymore as it's doen its big multi bagger move..... while it should continue higher, the upside will now be slower and limited imvho.....but this is still bullish...

Good luck,
atb, wdik, dyor,
trendfriend