Ophir Energy

Nice
Textbook breakout!
uk.advfn.com/p.php?pid=chartscreenshotsh...cIs=&symbol=L%5EOPHR

yep, spot on Stevo.

Normally its better to wait for close above trendlines, however i will go long @ 221p, and add to my position if we close above 221p

Regards,
Trendfriend.

Thanks for the charts TF, great help. It really needs to break above that downtrend line at the same time as the 123 Low, both more or less coincide at these levels.

This is trying to break out.

A break of 221p, will be 1,2,3 low and a break of the long term down trend.
So a break above 221p, could give this a nice rise.
One to keep a eye on for now.

uk.advfn.com/p.php?pid=chartscreenshotsh...XVQ=&symbol=L%5EOPHR

This is long term down trendline
uk.advfn.com/p.php?pid=chartscreenshotsh...uks=&symbol=L%5EOPHR
Regards,
Trendfriend.

This is well spotted by stevo, and a very interesting Chart.

This has been in a down trend for some time, from around 600p
It needs to break 4 areas of resistance, however they are all close together, and if ones goes the rest are likely to follow.

1. the down trendline, this is a main down trendline from 600p, if it breaks this, it will be break the down trend it has been stuck in for a while now. This is at 222p (falling daily)

2.the 50 day ema, @ around 217p

3. the 1, 2, 3 low formation which is at 220p, as pointed out by stevo.

4. Finally the RSI is at resistance and needs to break out.

Thanks for sharing this Stevo, i will be keeping an eye out here, and intend to trade if it breaks above 1, 2, 3 low and the trendline, around the 222p level.
This is the link
uk.advfn.com/p.php?pid=chartscreenshotsh...o%3D&symbol=L%5EOPHR

ATB,
Regards,
Trendfriend.

Possible 1-2-3 Low coming up after a nice bounce of lows

screencast.com/t/ZSplgzVUNC