TLW

Some potential opportunity with Tullow.
Announcemnt of rights issue today. SP already below theoretical rights issue price of 201.10
New shares priced at 130 and Ex-rights date 3/4/17 so plenty of time for consideration.

A somewhat forced and questionable H&S target gives 167. Support at 193 and 181

There's gotta be money to be made here, but will depend on a persons view on TLW, Crude etc.

Just a heads up really

F4T

Well, that's the easiest money I ever made!

Nice one F4T.

Not too sure about still moving higher form here, i think it could stumble this week.....it needs to get above the resistance trendline for higher....can it find the legs to do it?
Lets see...

I think it's in a falling broadening triangle, which gives a mid term target of 160p....

A move above 250p/and 260p cancles bear view, and could see a strong rally to 350p area.....

atb, wdik, dyor,
trendfriend

tlw daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Fsq0jToXcBNcFEQ8o%3D

TF,
Its hit your target of 160p...you thinking of going long on this?
I am tempted...but will wait for your reply
Ta G

How you keeping Paitech, hope your doing good....

Not been trading so much lately, May/June are always a month to go easy and been mad busy with some other things as well.

Anyway starting to get into gear again with trading....

Tullow.

Yes, this has dropped substantially.
May well be a bottom forming around this 160p area, but i'm not entirely convinced, and tbh i'm sidestepping this as i see better trades atm....

If you really like these, or see a fundamental reason to be long here, then fair game, from a technical perspective a possible further drop to gap support/close around 130p is possible.

For cautious traders, a rise above 175p or higher high, (1,2,3 low) would show a short/term rally phase for the stock.

Hope that's helpful,
atb, wdik, dyor,
trendfriend

Thanks TF.
I am good. Holding few n trying to find when to off laod few... hope you enjoying good weather...ta H