Not sure Paitech tbh....could well be that buyers come in around these levels....

Crude has rallied nicely from last years lows.... up around double from those lows now....
Some oilies have doubled/quadrupled Tullow for example from the lows....this is in comparison lagging....while its some what perplexing.....you have to be careful as well....

atb, wdik,dyor,
trendfriend

Where for GENL from here? 67p....tested? or will it fall down?
ta
G

I was looking at Genel this morning, seems to be some bad news i assume?

Anyway i was long here at 79p from late December, so i have been watching this closely since.
The rsi was building a nice uptrend, and i thought the down trend could finally be ending here, and my buy was intended as a long term position.

Anyway we did get a rally up to a high of 89p, which was exactly where the October gap to the downside was! something i didn't like the look of, so i moved my stop upto to profit at 82.5p, and was duly cut out last week.....

Looking at the present chart (from today morning)
This is not one for longs atm imvho, the chart does not look very good for bulls here atm, and you don't need me to tell you that....

I think only go long here if the gap between 88p and 92p gets filled, otherwise stay out, and i think a test of 67p is coming if that fails....

atb, wdik, dyor
trendfriend

Just hope stop losses were in place for those that were long here.

Im not in favour of any Kurd oil stocks, lost too much on these.

THis seems to have fallen today with update from the company.
Holding back to get right price to get in.

Happy new year to everyone at CV!

Genl Weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh.../gjbzXeAw1im371Iu6g=

Quick look here at Genl, i think this may finally be bottoming out imvho.

I'm long aleardy, which may have been a tad early and waiting for a break of 86p could well have been more wise, anyhow, i'm long at 79p, from last week.

My stop is below the the 1, at 64p, and i intend to hold these for the longer term as long my stop holds.

I have picked my 4 stocks which i have bought or added to last week and i think will do well in 2017.
Genel
Premeir Oil,
Rockhopper,
Sirius Minerals.

Those are my four stock picks for 2017, and i intend to hold them long term. 3 oil stocks as i think oil will do well this year.
Some of them are admittedly a tad speculative, but i think thry should outperform thre market, lets see....
Try and post charts on the others soon.

Atb, wdik, dyor,
trendfriend

This is looking a bit more encouraging here. A rally to 85p, and tested the 50 day ema line.
Which gives us the number now for a possible 1,2,3 low or higher high breakout.

So 85p the number to watch, with real strength coming with the overhead gap fill and hold above those levels.
So potentially the first signs of a possible bottom here? Although waiting for confirmation is important imvho.


On the flip side bears could argue this has been deeply bearish, and this consolidation will also breakdown.
Is that a possible bear flag?
The rsi is has also failed at the 50/100 neutral mark, and it's in negative area atm.
could go either way atm, but if it gets above 85p, i would be happy to buy these....

atb, wdik, dyor,
trendfriend

problem is crude Paitech....

not helping at all.....

atb, wdik
trendfriend

Funded my account and waited..saw it come sub 69p....still waited...now its above 70p...Did I miss the boat...or will it come back so I can take a ride too ☺
Good luck all
Ta G

Hi Anne, yes this made a new low...

genl daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ttI801M+tkMit9wW8LU=

Hasn't quite hit the trendline, and this is a bearish falling channel, so no guarantees it will bounce from it....just gives a downside target tbh....

it is well oversold, rsi of 20/100, so a bounce up to the 20 day ema line, and then a further drop?
or can the bulls pull it above that level? or maybe a 1,2,3 low before i would take on the longs here

lets see....but a move to the low 60's is still possible, as the trendline is falling daily.
atb, wdik
trendfriend

I think your 65p is distinctly possible Trendfriend! It's hit a new low this morning - not looking good at all (imho)

genel daily.

uk.advfn.com/p.php?pid=chartscreenshotsh...qNE32iCYtWG32WpCg%3D

this looks to be in real danger here, it needs to get back above 100p quickly, otherwise 65p area is possible here..

if it hits that level, i think its good entry for a long term hold here imvho.

wdik, dyor,
trendfriend.

Genel. Daily
uk.advfn.com/p.php?pid=chartscreenshotsh...dLlMZ6sC8iIlZtKZKHo=

while we did get a decent rally here, from 95p to 105p area, it seems have failed at the 20 day ema.
Ideally a break above would have been good, another day or so below could well mean this has not bottomed out yet,and possibly time to close out long positions, so caution here atm imvho.

dyor, wdik
trendfriend

I think this may be ready for a rally now....

it looks like a break of a short term trendline, and as long as the rsi breaks out tomorrow i think i'll buy some of these in the morning.
we do have a lot of resistance above, as well as the 20 day and 50 day ema lines, so lets see how it goes here...

as always imvho, dyor, wdik
Trendfriend.

Well i think you are quite correct to be cautious here atm, Paitech.

I thin this will bounce back at some point, but with crude on the back foot, Fridays bounce is not entirely convincing imho....

I think its possible this may consolidate around this area, possibly forming a bear flag type of formation, and then down for another drop?

However a break above 105p, combined with a rsi breakout, could see a potential rally upto the moving ave's, possibly worth buying the rsi breakout imho...

dyor, wdik, atb
Trendfriend

This has gone back up to 100p right now as I type.
I hav lost total faith in KRG bas***ds after what they hav done with GKP.

www.alignresearch.co.uk/oil/genel-energy...nd-chomp-at-the-bit/
Good weekend all
Ta G

Well, if you follow the UBS sheets posted on here regularly, you may be anticipating crude weakness through to September, which obviously may well be negative for oil stocks.

Following the end of Q3 and after the corrections (over due ) you could pick up some bargains...keep that powder dry...Oil / energy stocks may well get a lot cheaper in the coming weeks.

At 91/92p area now.... buy or hold?
Seems oil may head downwards.....

Hi Paitech,

Hope your keeping well.
Just a quick look and update on Genel.

This needs to hold the 105/108p area imho....doesn't look great for bulls here atm...
I think your right, this could well be heading for 95/92p zone if 105p fails.

I think it's possible for a further drop in extension to mid to low 80's, but only if 92p fails...so lets see.

Certainly looks correct to wait before buying here imho..

dyor, wdik
Trendfriend

Guess this is heading towards 95p now... holding back.. any buys
With issues in Turkey, there could be more lower side than up.. I guess.
Good weekend all
ta
G

Closed this position at 119.5p for a small loss, the drop in crude and the main indices look like a p/b is in order....

a drop below 118p/117p area could see this drop 108p, so i'll reenter in due course on a drop (if it happens)

was expecting a bounce from the bottom of the falling trendline, we did get a small one, but the way its hanging around that area, may mean it could drop below.

lets see....

atb, wdik
Trendfriend.

Hope your keeping well and enjoying the nice summer, which seems to be finally arriving!!
been away for couple of weeks, back nice and fresh again!!

Bought back into this today at 120p, first batch, intend to add more in due course.

its seems to be at the bottom of the trend channel, looks to be finding support around that area 118p area.
if it breaks below 115p, i will close position, as it could then retrace to supports at 108p, 95p, 83p, 72.5p.
i will add on those levels if they they get hit.

target on this nuy for now 160p, subject the 20 & 50 day gets taken out at around 127p atm...

as always dyor, wdik, atb.
Trendfriend.