Member Info for Plebleens

50 week MA finally crossed the 200 week, for first time in a decade. Really Good Sign for long term investors imo.

Candlestick looks good after the bounce off the 100 day ma. Ideally closes above 119 to give us a nice dojo and set up the play for tomorrow

That 100 day MA is solid, joyous to behold

Just testing the 100 day MA where we bounced last week.

Cable reversing

Frustrating pull back, but a dip to roll contracts back to March...oil bouncing nicely, just need too sort the pound out

Cable alert

Assume we will see a holdings RNS after hours tonight or tomorrow? Short tracker usually takes a couple of days to catch up as well.

It’s amazing how some people only appear on the get rich quick shares taking a contrarian view and trying to up the volatility amongst the gambling fraternity with constant sniping...,countrywide, Lonmin, Debenhams, carillon, Ophir , pantheon ( to be fair I have s small punt on them at these levels) to name but s few. PMO really is too far down the recovery path to even contemplate categorising them with the rest but still has a decent pi fanbase to play with. More volatility means more trading meaning the market makers have more to spend down the pub...no wonder there’s all the salacious gossip about paid posters out there.....decent prospects?..what a way to make a living....as the great DP said... try not to encourage them, especially not in this stock

Had been too quiet a season so far....and Olivia in the Pacific how apt, but less of an influence on the oil price

And an inverse head and shoulders on the daily chart, neckline 127ish. Bottom of head at 108. 19 point target or 146.

Surely the dilution has already occurred? Bond holders borrowed from Blackrock et al and sold the shares into the market to mainly ii. The shares they receive on Thursday will be given back to where they were borrowed from, with the total pool of shares increasing by the corresponding amount? Only 3-4% dilution so relatively minor even if my theory is wrong.

Next week for the golden cross on the weekly MA.

Hammer time on that monthly candlestick. A very warm welcome to September.

Will buy you several when it gets to 173, but realistically looking for over 200 now with current performance. London?

A real treat for everybody’s memory banks. I think wave iii of 3 but then again I’m slightly bullish if you haven’t worked it out yet. Good luck all and have a nice weekend

I also wonder whether we are getting a little push by some end month warrant conversion added to the decent techs and fundamentals?

Shazza, Can you elaborate on the top formation? Candlesticks? Resistance? MA or other indicator and over what time frame? Always good to have an alternative point of view to add to the debate. FTSE and cable bothers me a little

When technicals and fundamentals align, I put my portfolio sectors or individual shares to max bullish.

Oil looks strong as the recent overhang of physical has started to clear. Chinese tea pots are back out buying after a lull after the summer tax changes. They are being forced to buy more west African as Iranian crude is now a no go. This has had a knock on effect to N Sea barrels as refiners need to cover for the pick up in demand in Q4. The floating storage is clearing quickly and finally seeing signs of backwardation back in the Brent curve, as demand outstrips supply. Dated Brent diffs also moving back up, which is good for Catcher barrels.

US has expensive bottlenecks curbing supply.

Angola and Venezuela production is dropping, and Libya and Nigeria are unstable.

Demand expected to be up in Asia and India as shown by the IEA numbers.

Crude technicals pointing to post 80 bucks, based on that double bottom neckline crossed at 75.80. Just need to clear the corrective channel at 78.

PMO chart has one of the best positive monthly candlesticks seen in a while developing and next week or the week after the 50 week MA will golden cross the 200 week MA. These are highly bullish mid to long term signals. And we know the fundamentals are good with oil above 70 dollars and current production rates. Bond holders gone next week, then we can look at purchasing those MOL barrels. Then there is Zama to come, and of course Tolomount. Debt on a downward trajectory 2h.

So in my mind both Oil and PMO have technicals and fundamentals aligned. Powerful combination. Good times?

Irrelevant as you well know. The share rallied all day and these are late and amended deal entries that were obviously transacted before the close and hence show as sells (or a lower price) to the closing number appearing in red. Stop getting chopped and try and hold a position then we don’t have to go through this charade, you’re better (more plausible) when you’re in.

Something to look out for chartwise tomorrow is how the monthly candlestick finishes up. Currently has a decent tail on it, and any up action tomorrow will give the candle an even more positive profile which bodes well as a predictor for an encouraging September.

Have to agree that there is Nothing worse than getting chopped in a sideways market..... the transfer to the institutions continues