Ophir Energy

I bought in this morning at 195p on the dip, Ian hoping it bottomed and we get a nice bounce. RSI dropped to 26.
screencast.com/t/iRQkkt96Ougy

To close the circle, I did take an entry here but bailed yesterday at b/e after the dip. Phew...

uk.advfn.com/p.php?pid=chartscreenshotsh...AA%3D&symbol=A%5EAPT

This looks good today. At suppot, inverted hammer yesterday, nice volume on the fall and two small gaps at 228/229 and 236/237 to close.

Only downside is that RSI looks like it wants a bottom on the 207 area (black trendline).

I expect a nice bounce in US indices today to help things along maybe.

F4T

Glad I held my nerve on the pull back of last couple of days, nice rise back up today.

screencast.com/t/5W64dUiN

Hi Count,

Supports/resistance levels.
246.25
240.5
234.5
228.5
216
209.5
205.5
195.75
190
this also has a couple gaps, a small one @236/240p and a massive one @ 270/294p
uk.advfn.com/p.php?pid=chartscreenshotsh...c%3D&symbol=L%5EOPHR

This is in a uptrend now, and the momentum is strong. i think the 270p gap is possible imho, depending on how long your happy to hold, but i'm going to be flexible around the 245p level you mentioned.
Regards,
Trendfriend.

Hi TF and Stevo,
nice one!
do you think this is good for at least another 6-7% to around 244?