XEL

Thanks for looking into XEL Jackozy, it does look like a new trend has started, where it will end perhaps no one knows, but if positive news is released, maybe will will see a return to value?
Best of luck with your long.

Interesting last couple of days here. Perhaps just buying on the expectation of imminent news, but the charts are all that matters so here goes....



dl.dropboxusercontent.com/u/20815047/FTS...XELdaily21_09_13.png

Ignore the silly green candles - that's freebie software for you! - the key thing to note on this daily chart was Thursday's close above the downtrend resistance and then, more importantly, Friday's gap up on open, drop to test the trendline and bounce back up as that test was bought. Daily RSI closed bang on resistance which would normally be a sell for me, however....



dl.dropboxusercontent.com/u/20815047/FTS...ELweekly21_09_13.png

On the above weekly chart we can see that the RSI has broken out of the main resistance trendline (the daily RSI trendline is also from the all time high whereas the price one is from a more recent high so they're not equivalents). This suggests to me that a new trend may be in play.

As a result, I'm long on this with stops below Friday's low of 115p.

now into the 120's....looking good for next week to challenge the upper resistance points,

plus.google.com/photos/11021777614980907...10217776149809078048

Remo is this a breakout yet?
It is looking positive for sure ! (in again at 103p)

looking positive, lets see what the close price is though.

www.stockhouse.com/companies/bullboard/v...#EkmxcVCZBh9ICrLr.99

What do es every one think of this, it has shot price up to £1.20?

116 has gone AdeMcG and certainly worth a look at the mo back test of down trend line would be nice.

www.screencast.com/t/W3ljjOALkra