Sound Energy - SOU

REMO - your updated chart post has disappeared?

Anyhooo....this is why this share is so exciting:



four digit sp expected....lol !??

This just keeps on going up Ade!! Amazing.

Sou daily (chart from Fri 9th Sep)
uk.advfn.com/p.php?pid=chartscreenshotsh...syyFqV1kSG2hjEtqE%3D

It looks like a broadening Triangle which give a target of around 115/120p area (rising daily),i was looking at a possible p/b ast 80p, (considering the over heated rsi atm) back to the trendline, possibly a tad lower as a good buying opp....

However this now looks like it will hit that 120p target, and it should quite possibly retreat from there... lets see, enjoy the rally for now.....

atb, wdik, dyor,
Trendfriend

Thanks for the reply TF ....it seems to be a perfect storm based on fundamentals:

- Limited shares
- Institutional s told to buy in on open market (no mates rates)
- The Gas field in Morocco, 1 Tcf = £1 on SP (thought to hold anywhere from 5 to 20 Tcf- if all connected)
- Great CEO a Man at the helm who knows how to sell the company.

From a charting perspective, I am lost, but I am also weary of the GKP, XEL scenario where we spike (£4 +) then forever downwards.....it is defying gravity , and if it hits that 120p region I may well sell and see what happens.

Out of interest, why does your chart not include the prices action from 85 to 95p over the last few sessions?

I bought some of these yesterday and added today at 82p.

looks like a wedge/triangle breakout, and the overhead trendline as well as the 20 and 50 day ema have been perfectly retested and held.

Target, i think the recent highs of 100p area should be easily achievable here.

atb, wdik, dyor,
trendfriend

Sound daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...n6Q3WVgVy42RQI5gvKw=

Just a quick update here, nice move to the upside which we were looking for....

Broke above what became quite a stubborn 85p level, which looks like a pivot level, and i think its provided the momentum trigger for further gains.....

92.5p>104p>120p the key levels to look for, line in the sand (for me) now at the 85p level. (so stop at 83p)

So only a close below 85p would delay the the above numbers getting hit imvho....i think things may move fairly rapidly from here...

atb, wdik, dyor,
trendfriend

Thanks TF...yes and there are several new items likely to move this, not least a couple of drills. One to watch for 2017 I think..I am over 120% up and holding for the value crystallization event (Take Over)
GL
Ade