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Well, I think that pretty well nails on the likelihood of 385 or lower. What was rejected on the Dragonfly yesterday is being embraced this morning.

Your chart shows a lovely Dragonfly Doji as the lower price was rejected. I assume, that is bargain hunters or larger players starting to enter

I guess we'll start to see more bargain hunters (FOMO traders often) buying in from here. That might give a temporary lift (or longer term). I'm still assuming we'll go lower though. If I miss it I'll live with it. I won't chase it (but might day trade anything that looks interesting; great beta on OCDO).

Same here AimOK, this rise is making things look much better on my holdings. Having a strong belief in ENQ as a company (despite EPL) I continued accumulating. It means I'm close to b/e on my largest holding!!

It could all just be related to a slowing US economy rather than an inherent difficulty with OCDO's tech solution (although I have no specific knowledge). Joblessness just ticked up and that's sent the US stock markets down in what looks like a meaningful way, rather the frequent shock volatility and recovery. Be interesting to see what happends tomorrow, but if the US stays down then I think OCDO's SP will come off again. On the bright side, POO, Gold and silver shot up (again could be related to weakness in the US economy and perceptions about what's going to happen to the dollar. Also someone posted on the ENQ board that Israel is expecting and imminent attack from Iran. Are we seeing the beginning of the long awaited drop in general equities. In theory in the US, CTA's are pretty well maxed out to the longside, PI's have been piling in long and might be fatigued and the US has started it's closed season so that corporate entities are not buying back stocks (finishes later in April). Any negativity (increased Joblessness) could now trigger CTA selling to lock in profits and hence a more sustained correction. If that sort of stuff interests you, go check out Steven van Metre's daily video summaries for more detail.

Oh and I think if this holds overnight, TLW will now fly through 34 like a hot knife through butter.

Was watching that, according to Schleimiel on the Enq board it relates to "Israel expects an 'imminent' Iranian attack" that. Gold and silver also up, US markets down (that could be disapointing employment data though).

Was watching that, Gold and Silver also up. US markets down (was that related to job data?).

That's a good point. Mind you, even though he will only retain one chair at one time, he could still come under fire or at least suspicion of meddling, if that were to happen.

About to try 34 again, let's hope if there is a large sell, that it gets eaten and cleared

We seem to have stalled just below 34. Anyone have L2? Is there a large sell hanging around that level?

Take a look at this. This is why I think that each negative/point of uncertainty could lead to further falls in SP. There is currently a of 4.4% of shares being sold short according to shorteurope and the value has tended to increase recently.

https://screenrec.com/share/8r2VnqbHIv

The fact he's going is just down to him preferring to move to Natwest (probably due to better renumeration; but could be other elements). That in itself is not the issue to my mind. How the market deals with him moving should depend upon how they feel he has handled his time at OCDO. If he's highly regarded by the market for his work at OCDO, then him leaving is a negative. If he's done an ok job it's perhaps neutral etc The question now is who replaces him and whether this person is perceived as likely to do a good or a neutral job. It's just a bit of uncertainty. I certainly didn't want to suggest there was a big negative in this. It could be used by the markets and their makers to search for volume to the downside. I still think 385 or lower is quite likely so this just adds to the other niggles being discussed here and in the wider media. In my view it could be used to search for lower prices. We'll see. So far it's neutral.

Seemed measured to me VP. He's taken up the chair at Natwest I think and needs to focus over there. If the market views his 3 year tenure as signficant, then the price could be marked down on uncertainty, but as long as the market approves of his replacement, then I don't see it as a big thing. With all the other media negativity though I do favour further weakening for the moment. The media and the markets go hand in hand, particularly where PI's influence SP.

Chair stepping down might cause a little more weakening in the SP despite it being measued and explained. Still introduces a bit of uncertainty until a new Chair is contracted.

One reason people aren't honest or don't bother commenting is the gratuitous criticism they get if they do comment honestly. Whether it's charting, fundamentals, general trading/investing of whatever kind related to TLW it should be discussed and embraced on this board. If people don't like charting or negative views etc, filter those that are irritating you and stop the nonsense. Free speech is a valuable thing. And yet such high number of people try to prevent it. Human nature really is appalling and not innately intelligent. The only good thing about it is that helps the flow of money from the fools to us.

So JoeyW, what you're really saying is that if posters post in agreement with your thoughts, they're on the right track, if they don't, they're on the wrong board. What utter tosh.

Strong finish by the look of things. Bodes well for tomorrow.

I'm still patiently waiting for 102.5 or below. I think it'll come.

Last 2 h period showed a good increase in volume and it was about 90% buys. Looks quite favourable for a run up to 34 or higher. Maybe that will happen on US in response to the rising POO (almost 90 for Brent)