RE: Technical analysis update11 Apr 2019 16:03
The 10 day is short term I agree, but as you can see from clnr’s chart with a slight uptrend from the double bottom (21/3) the sp bounces around the 10 day sma. The 200 is the biggie though like you say but it’s been bought into twice already, I think only bad news will break it. As for a bull flag, these are formed in a strong uptrend clnr doesn’t have one of those at present. A bear flag would be more appropriate, ie a drop followed by a slight uptrend then wallop down it goes. My take though is this will be all down to the upcoming news from Shell.