PMO

I had taken a position around 34 p, with tight stop loss, so got kicked out day before the bad news came out...
with more than 100% dilution, now I wont be buying this anymore... too risky...

Another oilies off my list now

pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...+LRIfWqP76r7W7TxwEw=

this should retest the lows imvho....question is with the massive dilution on the cards is it worth a long form that 14p area?

atb, wdik, dyor,
trendfriend

pmo - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...8SbRLdb/G+rg4JzaBOc=

just a couple of quick charts from the weekend which may be of interest.
this has broken below a rising trendline/triangle....and combined with a rsi break as well...i think it should be the start of another leg down imvho....possibly back to the lows at least.

atb,wdik, dyor,
trendfriend

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

This did break to the upside above a key triangle formation...but that b/out does increasingly look like a bull trap imvho....

This does seem to be heading towards the main trendline at around 65p...if that fails...its not going to be nice...
This doesn't look great...and tbh i'm seeing that with most oil stocks atm...even bp looks like it should come off quite substantially imvho!

lets see...

atb, wdik, dyor,
trendfriend

Price hit 84.5 as per my previous post. For the moment it's just shy of 84.7 (July 31st high). I have no interest in this for the moment. 84.5/84.7 looks like a decision point and the 2 gaps below this level represent too much risk for me at the moment (together with PMO getting involved in Alaskan Oil plays despite their current debt).

pmo - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...IpZlQrIQMelh/P+CGwQ=

at this moment, no change in view for me imvho...

the main overhead trendline and the key 200 day ema line feature on the daily chart....at 83p currenlty...
no break...no higher...

while below the 200 day ema this is in a downtrend imvho and its making lower lows...longs are dangerous atm...
a break and close on a eod closing basis above 83p changes the bear view, while above that level..

atb, wdik,dyor,
trendfriend