Ophir Energy

Approaching resistance for possible 123 low breakout, one to watch..

Still making lower lows, lower highs so think this has further to go down yet. Sold to sit on the side lines for a while.

Hi Count,

chart looks interesting to me. Gap down, potential double bottom, very good volume on the fall and positive MACD divergence. My reservation is that we didn't reach RSI support.

A rise above Friday's close today gives us a thrusting type pattern and a doji gives a doji star reversal pattern.

Some volume on any rise would be welcome and RSI might catch a further fall.

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

GL
F4T

Thanks TF,

I'm being reasonably cautious and have stop placed at 180. I may have entered bit prematurely and could take a 6% hit should this fall through support, but I'm hoping for a bounce soon here. I'll be watching it closely though and may bail sooner if things not looking that great in the next couple of trading days.

ATB

Count

Careful here, if 191 goes, this could well make a new leg lower.
Watch this closely imho.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Regards,
Trendfriend.

For what it's worth I think now is a great time to be buying stocks.

Don't quote me on that though.....