Afren(Will It, Wont It)

Good IMS yesterday from Afren and would now expect a further test of the 145 area and hopefully a breakout from the ascending triangle this time. RSI has turned positive, volumes on the increase and with Blackrock now hopefully at an end with their selling we might get there.

www.screencast.com/t/7Uu0VFlvfYb

Fibs

www.screencast.com/t/5QcgekBDE

Massive volume this morning so lets hope for a close above 145 and further upside after a re-test of the breakout area.

looks like an asc triangle breakout to me on the daily.. key will be the close and re-est of breakout area ~145p.

watch 161.6

should yield at least a min 40 pips to the upside.

dl.dropbox.com/u/40497882/afren_daily.JPG

Just an alternative view to add into the mix.

Keep an eye in the resistances just above when identifying your target.

Fibs look interesting, 38% retracement smack on re-test of breakout territory 145.76 double bubble.

www.screencast.com/t/Ao3dz3YBagnt

Tight Lines

SRB

Note to myself in the diary.

Be suspicious no matter what the chart is telling you and oh for a TA indicator that could anticipate that kind of manipulation, unbeliveable. Well not really unbelievable more like seething, angry and I want to ripp somebodys XXXXXXX head off.

Tight Lines, especially around the neck of the wet behind the ears Times reporter who put out the Sinopec bid rumour.


Grh Grh Grh Grh Grh

SRB