Member Info for Larry_Livingston

Hi NSS thank you and like you technicals are too confusing to me, so I use my own price records (Closing prices) and arrange the numbers in a way to give me a guide of the stock price direction and it works for me more than the technicals ever did because there’s no one thing that fits all to me. So I just let the stock price to tell me which direction it wants to go by using my own price targets to the Upside/Downside as turning points and also as my own warning & danger signal to get out if it’s going against my expectations to cut my losses short if I can. Nothing is 100% but it works for me because it’s my own recording and arrangements.

Also like you I truly believe that the current momentum is upwards for O&G at moment with OPEC+ and Shale industry discipline that is all other things being equal, but couldn’t tell you how high it will go or when that will happen.

Like my previous posts today the following prices (Closing prices for B historical prices) are my own indicators to the Upside & Downside in medium to long term.

Upside
1) 2592 made on 19/05/2014
2) 2218.93 on 12/06/2001 (and then tried again on 21/05/2008 but failed short at 2212)
3) 2167 made on 06/07/2007

Downside (these targets move up as the stock price goes up to give me time to lock in profits)

1) 1556.40 made on 26/11/2021 (my warning signal because it’s below the Low 1598 made on 20/03/2008 from the High 2167 made on 06/07/2007)
2) 1283.60 made on 28/05/2021 (my danger signal)
3) 1159.94 made on 12/03/2003

I hope I explained my thinking a bit and makes sense. IMHO GLA DYOR

Yes Boyo you are correct I use the spreadsheet to keep my own stock price records for simplicity for an even simpler soul perhaps :-)

But I like your charts and insights they complement visual to me, please keep them coming.

Yes Boyo I agree a lot places just switched to A’s historical stock prices after the name change but I’m still using B’s and I have the following resistances to overcome b4 even thinking the peaked it made at 2841.00 on 21/05/2018.

1) 2592 made on 19/05/2014
2) 2218.93 made on 12/06/2001 (and then tried again on 21/05/2008 but failed short at 2212)
3) 2167 made on 06/07/2007

IMHO GLA DYOR

Ggt that’s a good observation and a good call, it saved you a lot of worries and money. My motto is to cut losses short and let profits run, even though I don’t always succeed.

Thank you Boyo that work and i’m getting the live prices now finally

Wow how 3 weeks can make a difference, on the 7th after a great Trading Updates it closed up 3975 and Friday it closed down 3205. I guess it was due for a retracement after the great run the stock price had over 1 year from the Low 2000 (Closing price) made on 02/11/2020 to the High 4180 (Closing price) made on 04/11/2021.

Has the stock price now bottomed at 3205, if it closes above 3673 will tell me it’s turning and then if it closes above 3975 will confirm it to me. So let’s see what the follow ups hold.

To the Downside, My stock price records show the next support and my warning signal is around 3110 (Closing price) made on 22/01/2020, would it turn around there or there about to carry on the upward momentum which I believe is the underlying trend at the moment for Clarkson. Or will it go below to the next support 2565 (Closing price) made on 29/04/2020 then to me the Downtrend is established (my danger signal).IMHO DYOR GLA

NSS

London Stock Exchange live prices works but it’s delayed prices by 15 minutes. Hope this helps.

https://www.londonstockexchange.com/stock/SHEL/shell-plc/company-page

London Stock Exchange live prices works but it’s delayed prices by 15 minutes. Hope this helps.

https://www.londonstockexchange.com/stock/SHEL/shell-plc/company-page

Today Friday 28 January 2022 is the last day of trading of the A and B shares, it’ll be weird not to have to type B any more I was just getting used to it :-)

Lti sorry I was referring to the closing prices of the day and not intra-day range but forgot to say it here.

https://www.maritime-executive.com/article/maersk-reports-2021-earnings-will-exceed-forecasts-by-1-to-2-billion

My RDSB price records only go back to Jan 2000 but during those 21 years there have been 3 Higher Highs and 3 Lower Lows.

The Higher Highs after Jan 2000 high 1795.80 are:-
2218.93 on 12/06/2001
2592.00 on 19/05/2014
2841.00 on 21/05/2018

The Lower Lows after Feb 2000 Low 1433.00 are:-
1159.94 on 12/03/2003
916.80 on 18/03/2020
866.40 on 28/10/2020

As you can see the Highest High 2841 to the Lowest Low 866.40 was a big retrace over 2 years. So for me I will be just let the stock price behaviour to tell where it wants to go and if it wants to go into a Definite Upward momentum then I have the following turning points in the medium to longer term for any Rallies to overcome b4 I can consider it’s in a definite upward momentum and I will be watching closely the Mid Point 1854 (from 2842 to 866.40).

Here I’m not referring to any short term rally/retrace which I expect during any momentum Up or Down but medium to long term stock price direction.

Rallies from the Lower Low 866.40:-
1360 (25% done now)
1854 (this is 50% of the retracement and a good signal to me)
2347 (75% of the retracement and a confirmation signal to me because it overcame the previous peak 2218.93 made on 12/06/2001 and then tried again on 06/07/2007 but failed short at 2167 and again 21/05/2008 at 2212)

I was a bit disappointed that the last Rally in October the stock price peaked below the Mid Point (at 1801.40 on 20/10/2021), but who said all my wishes have to come true all at once. So hopefully in this Rally it will close above 1854 this time round.

These are just my own pointers to understand the direction of momentum because I like to have achievable goals to measure against any price movements than have blind hopes which is dangerous to me tbh. So let’s see what the follow-ups hold.

Still watching closely the following target to tell me that it has changed to Upward momentum again.

1788.20 made on 25/10/2021 then retreating to the Low 1629.40 on 03/11//2021

So let’s see what the follow-ups hold

So it’s finally confirmed that the remaining Permian sale proceeds will be used for share buybacks from the RNS above.

“The remaining $5.5 billion of proceeds from the Permian divestment will be distributed in the form of share buybacks at pace. This decision was taken on December 31, 2021, at the first Board meeting held in the UK following the decision to implement the simplification of the company’s share structure.”

Today made the 5th and final tranche, so let’s see what the follow-ups hold.

Yes Boyo i noticed that too the hesitation over the last 2 days to close at or above that target this week and dismissed it due to the historical low trading volume during the festive period this week and next week, but in the New Year I will be watching the following 3 targets closely to tell me if it’s changing to Upwards.

1788.20 made on 25/10/2021 then retreating to the Low1629.40 on 03/11//2021
1704.20 made on 16/11/2021 then retreating to Lower Low 1610.20 on 19/11/2021
1660.40 made on 24/11/2021 then retreating to Lowest Low so far 1556.40 on 26/11/2021

Just like the stairs just one step at a time all the way hopefully.

Merry Christmas and Happier & Healthier New Year all.

Ggt I thought you might as you previously stated you’ll be tempted back at £3800. I also topped up on 30/11/2021 and now considering the 5th and final tranche.

Has the stock price now bottomed at 3600 made on 16/12/2021, if it closes above 3790 will tell me is turning and then if it closes above 3975 will confirm it to me. So let’s see what the follow ups hold.

I might not always like it but to me everything has Its season just like in fashion including Oil & Gas, for example we all know that oil producers pump more in the summer even when power generation needs are low because consumption is high due to people traveling for holidays (by plane or car) or to see families and friends in the country and vice versa in the winter. To me oil and RDS for medium to long term is upward from last year’s low, but even in a definite momentum to the upwards/downwards there will be what I call intermediate rallies and reactions to the opposite of the main momentum, that’s why stock price behaviour is so important to me. That’s excluding any major shocks like last year at the start of the pandemic or any unknowns in the future.

So to understand the price direction I have my own indicators or pointers to tell me where the stock price wants to go and I just watch the price movements behaviour, i don’t predict where it will go as much I would want to because I truly believe that you should stick to what works for you and learn to improve it.

Like my previous posts the following are my own indicators to the Downside based on the recent higher high 1801.40 made on 20/10/2021 and last year’s Lower Low 866.40 made on 28/10/2020, and also are the closing prices simplicity.

1 - 1665
2 - 1581
3 - 1444

To me the above targets are still what I would term normal reactions and so far the recent low 1556.40 made on 26/11/2021 is below the second target but not much by my term so I’m closely watching it atm, but if it closes say 1530 or below then I will be watching how close it gets to the third target or if it reverses b4 that.So let’s see what the follow-ups hold.

I hope it doesn’t go this far below but if it does that then I’ll be watching next:-

1 - 1334 which is 50% of the rally from the Low 866.40 to the high 1801.40 (my own warning sign), then
2 - 1283.60 summer Low made on 28/05/2021 from the high 1518 made on 12/02/2021 which is above the previous low 1159.94 made on 12/03/2003 from the High 2218.93 made on 12/06/2001 (my own danger sign for my avg 14.08 to cut the losses short).

Please note that these are my own price targets, pointers and guides of Price movement and not advice or predictions of what will be. IMHO GLA DYOR

Totally agree with you there Boyo, so far I had 2 companies who went bust on me the last being Northern Rock in 2008 but managed to finally sell to saved 2/3rd of my original capital but the first one was in 2007 and lost all. Like you I learned that hard lesson to keep an eye out on where I risk my money in 2008 and at least saved some of my money and is not a tuition fee I want to pay again, that my motto now is “to keep my losses small but to let my profits run” till cash in that too.