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Today going well for RDS - it was a toss-up whether to go for RDS or CWR and I chose the latter having recently taken some profits there and wanting to top back up. RDS is not out of the woods, of course and I may yet have my cake and eat it.
It has, however, cut through two of the recent limiting trends with just the third (purple in the chart) - arguably the most important - still to go. So far 1010 has been tested and is resisting recapture at present. A close above 1010 is an essential recovery step: https://invst.ly/s7u9c
Nice move today up 40 now
Also swiped some at 956, not as much as i would have liked but nevermind. I want to see a confirmation of an uptrend before committing another tranche, as i agree march low could still be on the table until key resistance is broke. Fortunately my avg is 1030ish so no worries there, and would love to get it sub £10, but at some point barrieprov no doubt shell will be £12 and hopefully far beyond.
For now, its about trying to catch the bottom of these waves and trading a little to increase holding for no extra cost. 20dma as marfthew pointed out is the key one to watch out for as a strong break there could be the start of a run up.
Hi Barrieprov,
Thanks, sometimes they go just right ??.
It will get back there soonish. Next year it will be over 15 at some point again even if there’s some more pain to come in the short term
Marfthew nice trade RDSB up 21 at 987
I got in too early and missed 950 but am on target to average down at £12 so hoping to be in the money someday soon
Hi. Careful. That kind of negative comment will get the positive police on here on your case. I suspect your correct in your assumption but for all those who can't live in the real world what the hell do you think your doing. You've been warned
Hi Boyobach,
It could be starting to form a bottom here for a run upto the 20dma and top of the the longer downward channel. Hard to tell at this moment. Happy with the price I got in for yesterday, not far off the very low point. I’m in with 10k shares, in the money now and have a trailing stop. We shall see
An interesting glimmer of hope since that last post: https://invst.ly/s7ozm
Maintaining 975+ would be encouraging.
Yesterday morning's price action appears to have been an acceleration of the falling trend of the prior three days, with a rally in the afternoon that failed to break that downward trend. In other words, it's too early to say if the price has stopped falling and IMO it hasn't:
https://invst.ly/s7nt-
Current price action doesn't seem anywhere near the reality of things, Brent and Crude both held up pretty well today all things considered, demand still picking up worldwide albeit slowly. Seems the selloff was due to you guys closing your bars and restaurants eh? Sounds like a buying opportunity... I hope, either way we closed her at 969 pence with very strong volume.