Glen

Hi Paitech

Yep, this really been smashed..

I did go long on this on Monday @ 201p, it did bounce to 206p, so move4d stop up and got cut out...

Redrawn the trendlines, this is going back to when the company started trading..
Even this has broken the falling support trendline!!
uk.advfn.com/p.php?pid=chartscreenshotsh...TM4=&symbol=L%5EGLEN

Could be a bear trap break, must wait and see.... could well this has some way to go..
Tony Hayward is CEO of Glen now.. As well as Genl...he must be pretty depressed how things are going for him atm....

www.thefiscaltimes.com/Columns/2015/08/1...Signal-It-s-Time-Buy

Trendfriend,
U sure on this.. this has gone below the trend line unless it bounces back up...

Next target looks to be 166p. But, why buy this .. now, as the comodity prices is about to crash with chinese games on currently.
I am sure there may b a currency war now... also AUStralia in trouble big time.
I have GLEN, GENEL, PMO , TLW , OEX, IAE , BP in my radar list to buy...
ta
G

I think this is a buy, i intend to go long on this early tomorrow. Although the ideal trendline entry has gone, its still close enough, and still offers good risk/risk imho...
Stops below the support trendline..

This is the weekly. Looks like a hammer candle right on the trendline??
uk.advfn.com/p.php?pid=chartscreenshotsh...wqs8%3D&symbol=L^BLT

Close up on the daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jmQI%3D&symbol=L^BLT

Reagrds,
Trendfriend

Follow up chart

Was thinking exaclty the same F4T.
With the markets looking on the verge of a tumble, will this move higher?
I think it will, in fact some of the miners, may well be a safe haven, while the main markets have a retrace imo.
I never thought i would say miners and safe haven, in the same sentence!
Guess, you heard it here first.

Don't have a position here ATM, i will buy a upwards breakout, if it happens.

Regards,
Trendfriend.