XEL

one to watch Monday..quick bounce to 95p perhaps?...not calling trend change but think it will continue to play the trendline bull/bear trap....I'm still waiting for lower entry to "invest"

Well it seems xcite has broken the daily uptrend support.

If this closes below this, it opens up 87.5 then 84.2.

dl.dropbox.com/u/21384991/Xcite%20Energy...12.h%20%28DFB%29.png

1st Trance at 87.5. Then wait and see.

Yep redraw.
True trend line breaks are powerful . So you won't need to redraw them.
This has gone sideways and that normally messes trades up based on trend line breaks.

LTV - yes, redraw the trendline in the same way IMHO. I also have it at the short term uptrend support today but I'm not convinced enough to have a go.

screencast.com/t/YNI3bjbT6QJV

RSI looks interesting on the daily. Was watching to see whether we get a 3rd strike on that putative rising RSI trendline to confirm it. At the current time I'm also thinking 85-88 for a buy.

I'm also interested in the answer to your question regarding trendlines.

Here's what i see.....

dl.dropbox.com/u/40497882/Xel_Daily.JPG

rgds...WS