Afren

Thanks for your chart, and please excuse this dumb question - but what gives you 13.75?

Thanks,
Anne

13.75 looks like a good entry here.





F4T

Gamble it is then

Confirmation on bullish engulfing pattern Friday and an RSI breakout. If it can break through that trendline at ~74 early next week we might get a higher low confirmed. Might be interest leading into the OPEC meeting later this week. It would be a gamble IMO to hold through it though.

Crude oil is in big trouble. Falling wedge broke down yesterday. IMO we should see further weakness in Afren. After 67 the next meaningful support is at 62. I don't have access to a postable crude chart.

uk.advfn.com/p.php?pid=chartscreenshotsh...gzyQ=&symbol=A%5EAPT

F4T

No worries Count, didn't mean to sound pompous!. You are correct, it is one of the lower risk trades to take, so fair enough. The most important assets are patience and eliminating emotion, plus a bit of money management. The first two are the hardest. You can read the tension into a lot of posts and that drives mistakes.

GL as always
F4T