Tullow Oil

longterm_view.
LOL. how did you know that it was the ftse350 i went through. You know your shares

The reason i left tullow out was you guys have already covered this

Id look to go long at 1110 on first attempt basis with tight stops.

Remo,

You seem to have missed Tullow Oil in your analysis of every share in the ftse 350 this morning?

ftse80,

Tullow still looks in trouble. We said it hadn't bounced off a solid support. (Well not one I could make out)

1110 (raises daily) Weekly Trendline since 2008.
1125.5 Horizontal support.

dl.dropbox.com/u/21384991/Tullow%20Oil%2...12.w%20%28DFB%29.png

I will wait for a test of the trendline.

ftse80

Here's my take on Tullow, I"ll always have a go.

Might be talking rubbish though!

dl.dropbox.com/u/21384991/Tullow%20Oil%2...12.w%20%28DFB%29.png

Seems there is a lot of support around here, a biggish area.

1246.4 50% Fib
1224.5 Horizontal Support
1210.3 Weekly 200EMA
1209.5 Horizontal Support
1200.0 Round Number Support
1199.8 Horizontal Support

1109.5 Weekly Up trend line.

It is looking oversold, but that doesn't stop it going lower.

It didn't really bounce of a support (1235.5) that I would have put on my chart. Other than the big area between 1246-1199.8.

Hope it helps!

Doji at the previous gap support and oversold RSI

Any thoughts?