Urals Energy Share Discussion Threads

[peetle] 21/5/2009 16:21

Well they've got Wins with them now, and after some chunky sells in the last hour, closing at this level must be a good sign for tomorrow.

[jcgswims] 21/5/2009 16:20

lol JF just thinking that myself ;)

[jonnyfro] 21/5/2009 16:19

Come on KBC ten more minutes!!!

[jcgswims] 21/5/2009 16:16

Buy 50k 8.95 sell 25k 8.613 :)

[le mass du pap] 21/5/2009 16:00

JF, lol. It's all a bit too predictable with good 'ole KBC! I hope they surprise us and stay on 9.25p.

[jcgswims] 21/5/2009 15:58

Limits still the same - 25k v 50k 8.613 v 8.95/9p :)

[le mass du pap] 21/5/2009 15:57

The confirmation doesn't have to be a marubozu, just a white candlestick. So even if it does end up off the high it's still confirmed.

[jonnyfro] 21/5/2009 15:57

Just waiting for KBC to drop the offer to 9p

[navyan] 21/5/2009 15:52

it will be a buy confirmed tonight on bristish bulls, Jonny

[navyan] 21/5/2009 15:51

if we can finish with a full white body candlestick, like WHITE MARUBOZU as you say Jonny, then that would be the confirmation for the Bullish Harami crossing we had from yesterday.


Important Factors:

The Bullish Harami Pattern is not a major reversal pattern, however the Bullish Harami Cross Pattern is a major upside reversal pattern. Short traders will not be wise to ignore the significance of a harami cross just after a long black candlestick. Harami crosses point out to the bottoms.

A third day confirmation of the reversal is recommended (though not required) to judge that the downtrend has reversed. The confirmation may be in the form of a white candlestick, a large gap up or a higher close on the next trading day.

[pakomacha] 21/5/2009 15:48

Presumably (says the TA novice) we are looking for slightly larger volumes tomorrow to confirm the new upward trend.

The alternative would be lower volumes and a track sideways or slight fall off...

Marks out of ten for my analysis please from our TA instructors!

[le mass du pap] 21/5/2009 15:46

Yes, that's the fella!

[jonnyfro] 21/5/2009 15:46

LMDP Ithink you mean a white marubuzo!!!

WHITE MARUBOZU

Type: Reversal/Continuation
Relevance: Bullish
Prior Trend: N/A
Reliability: Low
Confirmation: Required
No. of Sticks: 1



Definition:

The White Marubozu is a single candlestick pattern characterized with a long white body having no shadows on either end. It is an extremely strong bullish candlestick pattern.

Recognition Criteria:

1. A white Marubozu does not have upper or lower shadows.
2. The day opens and prices continue to go up all day thus forming a long white day with no lower shadow.
3. The day also closes at the high of the day and hence with no upper shadow.

Explanation:
A White Marubozu simply means that the opening price is equal to the low price of the day and the closing price is equal to the high price of the day. This shows that the buyers controlled the price action from the first trade to the last trade. In a White Marubozu day, the day opens and prices continue to rally up all day long without looking back. The bulls were very strong during the day at such a degree that it caused some concern among the bears and led them to cover their short positions thus adding fuel to the rally.

Important Factors:

What the White Marubozu says about the future course of the trend depends a lot on the general picture. A White Marubozu can possibly be the first part of a bullish continuation pattern but it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.

The White Marubozu is a single candlestick pattern and consequently it has low reliability. It reflects only one day's trading and it may show the continuation of the trend but also may indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.

[navyan] 21/5/2009 15:43

so still no tick up then :)

[peetle] 21/5/2009 15:43

Having had a steady run down since the 12th May I'm content to be up 11% on the day (or almost). Closing here will be fine for me, though I admit I'm not confident we will.

[le mass du pap] 21/5/2009 15:42

Yes ml, just shows the mm's overshot on the way down. I won't be surprised if the offer drops to 9p with a closing mid of 8.75p because we never get a full bodied white candlestick here and the offer appears to already be around 9p. But even so, still an excellent day when the rest of the markets are so poor and buyers are in their bunkers. Should be further gains tomorrow. Aimho, etc...

[dusseldorf] 21/5/2009 15:42

itskashyap - not many branches left. The tree shake will drop few monkeys. They are an endangered species....

[jcgswims] 21/5/2009 15:42

Finished playing with my veg now ;) Sell 25k 8.62 - buy 50k 9p - 1 v 2 :)

[itskashyap] 21/5/2009 15:40

looks like tree shake coming up.

[mlightfoot] 21/5/2009 15:33

One of the lowest volumes days for some time but one of the largest % rises in comparison - not a bad day.

[jonnyfro] 21/5/2009 15:32

1 v 2 on level 2 now with WINS joining KBC on the offer..

[le mass du pap] 21/5/2009 15:18

Great effort by UEN today with the wider markets taking a bath. Looks like it's on it's way back up. Oil holding above $60.......

JF re: 26109....that made me laugh. Reminded me of Christopher Walken and his pocket watch in Pulp Fiction ;-)

[scoraig] 21/5/2009 15:13

Jonnfro, they dont need to move, noone is buying or selling :-)