RE: Upward Trend1 Jan 2016 16:55
ADJ, bonker does know his stuff in charting and has some real good calls, charting can be read by different individuals and opinions can differ slightly. The trick in TA is using something that works for you and learn in a way you want to completly understand. Entrys/ exits differ from one person to the next regarding risk and timeframe. Some look to catch a good entry for the 10-20%+ trade. Others do not have the time to look at charts each day.
Im pleased your taking an interest in TA and im sure it will bode you well with entries/ exits if your using alongside fundamental analysis.
Back to LEK i did see the support @17.50p which was blue horizontal line in above chart. This could be the support needed for the bulls to take control. I just see another bounce from lower trend channel which to me is around 16.50p ish. Since im not really interested in the oil/gas sector just now with oil prices, im taking a safer approach