XEL

XEL

Question please.

As XEL has broken its weekly trend (red) and stalled do we re-draw the weekly trend line, green? I know I asked this the other day for uptrend, I presume a downtrend line is the same?

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

I was looking for around 84.2-87.5, same as tradesmarter I believe. But not sure, as its bounced of the daily uptrendline this morning. Still very early but a doji is forming right on support.

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

Seems it needs to close above 106 for another crack at 138 then 178.

it may break thru resistance and the 100 area is often pivotal, but being patient sometimes pays off (e.g gkp 171) and sometimes you miss the trade, but it usually means less risk and just wanted to highlight what I'd seen whilst "messing about"....me I'm "still chancing" for 85p!

Best of luck
Regards
T/s

thanks for the chart TS, it was along similar lines that I held off buying more today, I will wait for it to test the low 90's or perhaps mid/high 80's before adding to my position

do love this companies potential, but have another look....I'd certainly buy the dip around 85-88p if funds were available and it retraced that far (still have view of 140-180 price tgt though)

did you/ anyone take a position on XEL today?

I am thinking of my final top up tomorrow....then hold for the fireworks !

I've been eyeing this up for a 123-low entry in the last few days so that news ties in nicely. Thanks Elena