Tullow Oil Share Discussion Threads

[sux_2bu] 16/2/2017 19:23

lol


Read this again, THE......TREND....IS....DOWN....UNTIL...GAP.....FILL.



There will be bounces....which bit is difficult?

[dealer1972] 16/2/2017 19:20

Rsi at 29, MACD looks set for a turn up and fast stochastic %D at under 19 with %K below 1. From a TA perspective looks ready for a bounce.

[sux_2bu] 16/2/2017 19:18

The price will bounce around, the overall trend is down until gap fill.

Trade the swings though.

[technowiz] 16/2/2017 19:16

100 day MA at 287p so you could say its oversold?!
what if share price bounced up above it tomorrow? it would then become support.
oil price up around 1% since the LSE close. VIX index off the highs, S&P stop dropping. bodes well for an ok open tomorrow. nothing like a 20% drop to flush out the bargain shoppers ;-)

[dealer1972] 16/2/2017 19:16

Depends what happens with the oil price also, seems to have recovered somewhat after the earlier drop.

[cricklewood] 16/2/2017 18:52

The death squad has arrived.


LOL

[sux_2bu] 16/2/2017 18:03

Dealer1972, there has to be a bounce, the MA may be a psychological point for the traders, however, its going lower, and it will fill the gap over the coming days.

So basically, 215p as over shoot is a fair target.

There is no guarantee of it going back to higher levels though......who knows.

[technowiz] 16/2/2017 16:47

what level is the SMA 200 at?

back in today @ 262.5p after a very long absence. may get a good short-term bounce. all POO dependent of course!

[sux_2bu] 16/2/2017 15:54

Falling quicker now, will be a small bounce at some point in the next few days, but will then tank to lower lows.

[sux_2bu] 16/2/2017 15:34

It will take a while but it will certainly get there.

[dealer1972] 16/2/2017 15:32

Gap is at 218.6p close from 28/09. Unlikely to be filled on this run. More likely to bounce off the SMA 200 worse case imo.

[sux_2bu] 16/2/2017 15:20

I'm still waiting for 240p, which will over shoot.Gap fill.

[sawadee3] 16/2/2017 15:11

mcsean, share price falling for weeks and weeks drives traders out. It's a self fulfilling prophecy.

I like the price right now and i'll be sticking with it till i get a good return. I don't mind how long it takes :-)

[dealer1972] 16/2/2017 14:41

In for a few :) chart looks set for recovery imo , oversold!

[mcsean2164] 16/2/2017 13:24

Yep, I'm thinking about topping up too.. Is there something I'm missing? Poo static but so dropping. It looks like a great recovery play to me, what's driving it down?

[sawadee3] 16/2/2017 11:22

Very happy with the current share price thanks to the heavy shorting :-)

Good entry point. Time to make money on the long side :-)

Easy game :-)

Happy days chaps :-)

[midasx] 16/2/2017 10:41

Yes I was thinking 260 but maybe just under 265 was their aim?

Spiked to 350 on the farm in news down to 264 in a few short weeks, literally, very impressive by the shorts and MM.

[frontdoor bull] 16/2/2017 10:22

Shorts are looking for 260p, onwards from there on.

[sux_2bu] 15/2/2017 12:10

There are some weak supports down to where the gap is, however if the market is slowly driving it down to fill the gap, then I think, it will bottomed out.Just have to monitor and reassess as it goes. (I'm just going on the t/a only and have not taken any fundamentals into the equation)

[volsung] 15/2/2017 12:01

The chart seems to be making higher lows on the yearly and 3 yearly chrts

[mariopeter] 15/2/2017 11:54

Volsung can you display what you like please or is it just that its not at a high that you like?

[volsung] 15/2/2017 11:50

I like the chart. Due a nice bounce soon for trip upwards

[mariopeter] 15/2/2017 11:14

A bid now as the oil price is steady , the big wig is retiring, they are undervalued (because of the debt level), they have a ballooning asset in Kenya, have very hot licenses in South America not to mention that Ghana will throw off $1bn cash every year at $52 oil. The cost to generate a barrel would seriously help the big boys reduce their average cost of a barrel (BP average cost is north of $50 a barrel, Tullow's is $13.8. I reckon Total Oil is the Company to do it.

I just hope they can farm down to 20% in Kenya and reduce the debt down to say $2b before any bid. Think we would be at £5 a share then.

The chart is horrible though.