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Targets
next should be 152p , then 157, 167.50 (ouch Mrd) 186p and so on
To reach those figures, will help if Oil price holds strong like today
https://oilprice.com/Latest-Energy-News/World-News/Supermajor-Looks-To-Dump-25-Billion-In-Oil-And-Gas-Assets.html
Exxon is bullish on Guyana - can't help but think the Tullow story will come good there as well. At a minimum plenty of infrastructure will be built which is only going to boost the attractiveness of drill licenses
The chart below shows the breakout at closing, after the double bottom during the last couple days.
5 days Candlestick chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=4dq92BgACfvyyg9jHtSaTNxpMCfDrgWOIAeH6npPt%2B4%3D
Good luck with that then
I never buy low. And I never sell high. I get it somewhere in the middle and then sell it way before that beautiful rise comes. This time im going to see this one thru. 200p
I respect you as an investor tbh, you don't forget the golden rule, you buy low and sell high - everything inbetween is noise
I didnt sack of pmo. I buy what is cheap. I thought 168p was cheap for tullow. Clever chap that I am. Il buy pmo if it gets to 60s/70s.
Why did you sack off PMO MRD? I think Tullow is the racier, bigger, faster model tbh.
Also - what put a rocket under POO tonight?
5p bounce 10p bounce. 25p bounce. We all know a bounce is well overdue after this mahooosive drop and also oil going up so much.
Will you please tell me where do you expect it to go. And say pass 168p plz for my sanity.
Today's share price movement with the bullish closing price with UT at 142.65p
https://uk.advfn.com/p.php?pid=chartscreenshot&u=4z7LJ3e2pVy9EyX8HN3SkuKvWRTdhfpd3Gn0CgU78/4=
Itd be nice if MMs open it at 145p tomorrow going upto 150p.
I bet dbno has sold and didnt get back in. I know you too well
Jammie, might have been the wrong move to step out of this earlier today with only a £10 profit...
SP had a bullish pattern yesterday but what use was that today? it went down to 138s at the open.. just be careful thats all i'm saying. will MMs do the same tomorrow? i'm holding over 25k shares here and not sold any.
Auson, i doubt master rsi (like capra) makes it up. Both rated posters, shame the latter never comes here now. Dbno is just comedy, “be careful”. The number of posts claiming oil is at a critical point etc.
Sorry downbutnotout,
MasterRSI has got a pretty good success rate with his charting skills from what I've seen over the years.
SP is 2p off its 52 week low so technicals can't be that good can they.. oversold yes probably but that does not mean its a buy you know that. this share could pivot around for ages before a good rise. look at Royal Mail (RMG) that traded within a range for ages before breaking out above the 50 and 200DMA. then look where it is today, right back down.
You are DOWN & OUT for a long time now
STOP talking from your back side
One can smell your F@rts
from one mile away
--------------
re -PMO
your memory is a bad as your nickname
my last buy was at 76p and sold 8 days later at 82 plus
even the one before was at 70.90 and sold 9 days later at 74.50p
arrivederci bambino
What exactly are the technicals saying from your point of view?
did anyone else see the bounce from 2:30pm? *big grin*
if i recall correctly MasterRSI you got your last calls on Premier Oil wrong awhile ago. you were saying breakout at 89p and the SP fell to 83p and then some did it not?
technicals for Tullow are not good. i'll hold some stock for long term recovery but will trade it too. seems stuck in a narrow range at the moment 138-142p.
TLW 142.65 +0.85 +0.60% at close
TLW Technical Analysis
Summary: BUY
Moving Averages:NEUTRAL Buy - (6) Sell (6)
Technical Indicators:STRONG BUY - Buy (7) Sell (1)
Name Value Action
RSI(14) 51.190 Neutral
STOCH(9,6) 68.030 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) -0.710 Sell
ADX(14) 23.798 Buy
Williams %R 0.000 Overbought
CCI(14) 167.2943 Buy
ATR(14) 1.6371 Less Volatility
Highs/Lows(14) 1.2121 Buy
Ultimate Oscillator 54.175 Buy
ROC 1.386 Buy
Bull/Bear Power(13) 0.9440 Buy
Buy: 7 Sell: 1 Neutral: 1
Summary:STRONG BUY
Master rsi. Your view on where this bounce can go?
Everything is pointing to a full bounce back from 2.30pm
Naturally, the OIl price recovery is helping
All the Indicators are at the bottom (oversold) and MACD is the first one showing doing the first movement UP as is RSI (20.06) second, normally is Stochastic first to show the move up, but not this time as it will be the last, by tomorrow will be over the 4.46 showing now
2 month chart with Indicators
https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=TLW&Size=800*550&Skin=GreenRed&Span=MONTH2&Type=3&Scale=0&Cycle=DAY1&OVER=BB(20,2)&MA=50&IND=MACD(26,12,9);RSI(14);SlowSTO(14,3,3)&Layout=2Line;Default;