OPHR

Support held nicely. It's getting tight in that corner. Either we break out of the falling wedge to the upside or downside. I still favour north but feel that if we test 347/348 again it might break lower bringing in the next real horizontal support at 330.

F4T

Oops, yes of course 348/349, around the recent low. GKP in back of mind. Cheers.

When you say 148/149 did you mean 348/349? Bit confused F4T?

This one still interests me even though we now have a lower low.

uk.advfn.com/p.php?pid=chartscreenshotsh...318TB9FCBDpSg%2Fk%3D

There is further positive MACD divergence and we are approaching crunch time on the falling wedge. I am now looking for a further touch on the support line (148/149) or a break of the resistance line (365/366). I favour 148/149 in what could be a bearish week on the broad markets.

I believe that there is operational news due, so it could go either way but the technical bias will be an eventual break higher.

F4T

Lol! Sorry, F4T, didn't see your previous posts on this one - at least we seem to be thinging along the same lines!

Technicals point to a good bounce from current area of 365. Imperfect falling wedge is reaching apex and 61.8% fib held the other day. IMO it is currently re-testing.

Horizontal resistance at 378 and 382

A safer entry would be to buy on a break of the upper trendline of the wedge at around 381/382 which coincides with horizontal resistance.

We shall see.
F4T