I managed to get 2.54 yesterday, where would be a good exit level you guys reckon ?

Oh dear Paitech..

I used to make similar mistakes and hold on for larger gain. Its better to listen to traders here, and not get attached to a share.

I was thinking of taking a position here as the SP is at 254p, but its seems as though it may go lower, as TF stated below.

I didnt sell at highs of 370s...was in huge profit...was in from 270s n 290s.
Now in total loss....og my lord....
Needs to execute plan than greedy

200p the next buy level here imho... and i could off course totally wrong so dyor...
the channel formation we just broke below was a bear flag...
Weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...MNE=&symbol=L%5EGENL
Close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...Z4k=&symbol=L%5EGENL

200p (falling weekly)thats the best place to go long now in terms r/r imho... will do a more accurate daily chart when we get closer to that level...

Regards,
trendfriend.

I did say look to go long around low 250's, on the falling trendline.... i initaily thought it would take s few days to get to that trendline, by which time we would around that level....

However this has now broken below that trendline...
uk.advfn.com/p.php?pid=chartscreenshotsh...I%3D&symbol=L%5EGENL

i think that trendline and buy opp is now redundant... and this is one to sidestep if your on the sidelines..
Unless we get a recovery soon... and that RSI is bang on support atm.. so could push back up from here..
will look at where this is and could be heading later...
Looks like its joining its sector for a final pull down imho....

Regards,
Trendfriend.

gone past that level now, 262p

Near double bottom line....268p now

This could well be heading for the double bottom...
However i think it will make a new low... as it's has already dropped quite a long way form the high's of the last bounce...Which also the selling has not finished, the big holders are likley still looking to sell into strentgh imho...
I think its in this bearish falling channel atm... i'm going to look to go long on the touch of the falling support trendline...around the low 250's with tight stop..
This should still hold up reasonably well imho...
uk.advfn.com/p.php?pid=chartscreenshotsh...D&symbol=FX%5EGBPUSD

Regards,
Trendfriend.

possible double bottom trade at 268..but would have to use a tight stop just incase.


dl.dropboxusercontent.com/u/4899609/gen22ndoct2015.png

this looks more range bound currently

Is GENL heading towards 272... looks like it.. from charts...

Appreciate your honesty Paitech. Here's to better fortune next time around!

C'mon paitech you know the rules of trading!!
Sell and bank profits first, ask questions later
hope in future you put trailing stops to lock in profits on a rise...

Regards,
trendfriend.

Still hllding n feeling really gutted...even at 360p I had huge profit...damn wrong timining.
Thinking same sold bp at 348p n bp flew to 388p lol
....waitinv for next spike

Looking at todays move here....
The last chart showed, while it was looking good above the 20 and 50 day moveing average's it really needed to break the down trendline...otherwise a move to the lows was a real possibility..
Today its gapped down below both the 20 and 50 day
the other point to note is this re-tested the 20 day intra day, just now and moved back lower gain

while this is tempting at these levels, its likely to move lower imho...
i'm waiting to see how it closes...looking for a bounce back above the 20 day at least
this is best left alone atm imho...
uk.advfn.com/p.php?pid=chartscreenshotsh...E%3D&symbol=L%5EGENL

Regards,
Trendfriend.

uk.advfn.com/p.php?pid=chartscreenshotsh...6aG1nvBRAKMAmdAqg%3D

The actual set up here is quite bullish...its above the 20 and 50 day ema. The RSi also looks ok..
However ,this needs to break the resistance trendline to break the down trend....
This would be the best place to go long...or a 1,2, 3 low breakout....

Until then the lows are still possible and the rallies seem to always get sold off...

379p trendline breakout... dropping daily .

Regards,
Trendfriend.

Paitech... its almost impossible to catch the top or the bottom....
Market could potentaily tank a long way from here....

Best put a stop or bank profit imho...

Had another chance to sell exact at 374p as my triger got invoked. But greed got over my decision and didnt sell. Now 360p...lol

Confusd seeing all oilies rally.
Hold or sell GENL? Bought 20k £ worth sub 300p.
Feels gutted seeing bp at 378p lol
Decision time....tic toc

Good rise on ... this.and bought few... sub 300p

Missed BP, sold at 347 or so, and now its gone to 367... lol feels gutted...

ta
G

This has had a rsi breakout today...
however its already had a nice rise today,so im not keen on this atm. its also very close to the 20 day ema, which this absolutely hates..
Looking at the last four candles on the daily its always had a pullback intraday...

Im looking for the same today to go long on a pullback around 290p (trendline), or possibly even 285p gap close area...
uk.advfn.com/p.php?pid=chartscreenshotsh...yY8%3D&symbol=L^GENL

Regards,
Trendfriend.

Well that's 315 hit. Will it close the gap right back to 290??

Looks like it completely closed the gap now.

im expecting markets to go down a lot lower soon, so personally for me i dont think its the best time to buy just yet.

I make the gap fill at 301.5p Earl Grey....
Could be a mistake on my chart...

uk.advfn.com/p.php?pid=chartscreenshotsh...s%3D&symbol=L%5EGENL

i'm not sure if it's a good time to buying anything atm....
looking at indices... seeing bear flags... today's drop is scary...
Got cut out of PMO yesterday.... getting stopped is still a loss after all...

Got a feeling this will go a lot lower than the gap imho...

Regards,
Trendfriend.

Well that's 315 hit. Will it close the gap right back to 290??

Fair old gap to close between circa 290 and 315…. if oil keeps falling (>10% yesterday and looking a bit skittish today) that could be sooner rather than later.

The reason for me to think to sell is the chart attached... missed..that chance... OIL down now around 8%

Wanted to sell today ...went online too...got a price of 367p...chikend out n didnt selll doh

Trendfriend,

Yes, couldnt wait till 276 p lol.. jumped before that...

Well, next months KRG will start paying oil companies based in Kurdistan... so... not sure what to do..
I invested all the 14K £ I was thinking to pay off loan...

Good luck to you too..
seems oil shorts are clossing faster and oil up 10% ...may b I will be lucky if this goes above 400p

www.reuters.com/article/2015/08/27/us-ma...dUSKCN0QW03020150827

Nice one Paitech...

This came down right to area we were looking at!!
This had a nice bounce, but it still has a lot do...

Look out for the 20 and 50 day moving averages... this has trouble getting above them...
It shows on the chart...
uk.advfn.com/p.php?pid=chartscreenshotsh...+Ty4=&symbol=L%5EGKP

Got a feeling this will hang around that 20 day ema @ 350p area, and come back for a gap fill to around 300p .... this is where i'm looking to go long again..
I could be wrong and it may just zoom past the 20 and 50 day... if it closes above the 20 day, and stays above for a few days, it should be a sign of strentgh... and next stop would likely be the 50 day...
This is good mid term, so good luck whichever you play this...it may be wise to bank half @ 350p and wait to see what happens... jmho..

Regards,
Trendfriend.

Happy with my 10k£ purchase at 290p....now need finding a right price to sell....

Bought some genel at 290p. First tranche...will addd more when it goes below...

uk.advfn.com/p.php?pid=chartscreenshotsh...7MWcMzw=&symbol=L^BP.

Getting there.....
this is making its way to the target

280p (ish) if it hits the falling support trendline this week...

Regards,
Trendfriend.

From fools...

I've recently bought back into Genel but too soon and my average price c. 420p. I like Genel because potential to be a long term hold since can outperform oil price - low OPEX/CAPEX and gas to Turkey. Good balance sheet and can survive any storm thanks to domestic sales for which they are paid. With KRG 'committed' to regular export payments from Sept, the shares look oversold at an all time low of 343p. Haywood said he is expecting current sales to be paid in full but market assuming a token peanut. I suspect something in the middle.

boards.fool.co.uk/when-to-buy-13254722.aspx

Can only tell you what i would do in that situation Paitech...
I would pay of me loan..

In any case these markets are scary atm..
Takes a brave to go long right now in any case..

I think Genel has not bottomed out yet jmho..

Trendfriend,
I have a loan oh 14k£ and I have 14k£ cash.
Not sure if I shall pay off loan or buy GENEL.
Just holding back. Read few articles oil could b range bound 40~65$.
Ta
G

Good call Paitech, nice bounce...

Is it the real deal??
I'm gonna join you on the first bullish signal, a close above 390p the first red line on the chart.
Real strength on the break of 441p for a 1,2,3 low breakout.
Looks good for now.Lets see how this closes...
uk.advfn.com/p.php?pid=chartscreenshotsh...jto%3D&symbol=L^GENL

Bear view...This may well be a big bear flag
uk.advfn.com/p.php?pid=chartscreenshotsh...rLw%3D&symbol=L^GENL

Regards,
Trendfriend.

Trendfriend,
Thanks for reply..

I think todays low of 360p may be the lowest it could go...

It may go higher from here now on... just my feel...

ta
G

uk.advfn.com/p.php?pid=chartscreenshotsh...X9fzEItVfafADi0AGx0=

This had a decent bounce, but got sold off... confirms bear are in charge here...
I think its going to the red lines in the chart... 280/250p area imho...

i'm looking to buy as well, but at the right time, technically no reason to buy this now...i see far better trades out there atm...

Regards,
Trendfriend.

Trendfriend

Do you still think it could go to sub 350p?

I am back now...and just want to buy in... but looks like oil is heading down?

ta
G

Haven't still bought. On a holiday n won't b able to buy till 8th.
Hope I get a chance sub 400p again
Ta
G

This has bounced nicely on news...
If it can get above the 20 day at 425p... then could well bounce back strongly...

uk.advfn.com/p.php?pid=chartscreenshotsh...Wfs9A=&symbol=L^GENL

Regards,
Trendfriend.

Hi Paitech,

The trendline is at 250p area atm, its falling weekly....some way to go yet, but that's the mid term target here...
This could off course turn around beforehand. but there's no buy signals atm... wait for a buy signal to go long... 123 low is usually the best one... buying any other time is a real gamble imho..
The rsi is oversold, so we could get a bounce anytime now... most likely will be sold into...

We have some targets on crude of $30, so this could tie in with our 250p target here??

Good luck whichever way you play this, sometimes the best trade is no trade at all imo...
I'm waiting and watching this atm.
Regards,
Trendfriend.

trend,

what price is that trendline on ?

I am currently holding around 12K £ to purchase this.... so would be nice to buy at lowest I could buy for....

Weekly chart, this is falling quickly now...
This has hit the falling support trendline five times already,i think it will make it 6 before a substantial bounce.
uk.advfn.com/p.php?pid=chartscreenshotsh...Dos=&symbol=L%5EGENL

Paitech, carefull with longs here.. any bounce is likely to be sold into imho.... 250p area falling weekly is the target here... it wouls the place to fill yer boots!
Regards,
Trendfriend.

THinking of going long at around 365p.... in weekly chart...
Its a long term hold trade... Will update if I did go long... Tnx remo

Ta
G

Right now this is one to be avoided until a clear buy signal pops up. This has broken strong support at 450 and now id be looking to short this if this heads back to 450 area. This is in new territory now as there aint any price movements below this.


dl.dropboxusercontent.com/u/4899609/genel23rdjuly2015.png

What are your thoughts on the technicals Paitech?

Trendfriend,

Do you think its possibly could go to that sub 300p level?

I was planning to go long again , with tight stop, as it broken 419p

My place to go long was 385p...but as master Remo says, may hold back now...

Good day ta G

I'm a fan here as well....
this is one avoid atm...it seems events are getting the better of what is a good company imho..

It shows clearly here on the weekly ...
uk.advfn.com/p.php?pid=chartscreenshotsh...M%3D&symbol=L%5EGENL

Regards,
Trendfriend

Guess this could go down to 419p, or 385p?