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ChartsView Day Trading Forum | Trading Room
Technical Analysis
Tullow
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TOPIC: Tullow
Tullow
29 May 2014 18:45
#1
waverider2
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Junior Boarder
Posts: 251
Thank you received: 198
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Some movements expected IMHO
Bollinger narrowing, and the MACD is on the rise on the 4 hours chart. Nice buying pressure on the last 5 daily candles - there is a lot of buying, with some flushing of the weak sellers by the looks of it.
Nice risk reward at this point I think.....
Any thoughts ?
4 hour chart
dl.dropboxusercontent.com/u/4385922/Tullow2905.png
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