SLE

dl.dropbox.com/u/4899609/slenoct29th.png





I would wait for a clearer signal as its broken most of its supports on the way down.
Where this bounced today is not a major support level and it actually finished testing a break out point.
This basically needs a higher high to form before you can start to feel comfortable . Or possibly a 123 low of soughts.
Once a share goes past the 61.8 fib its signalling a full correction to the 100%fib area.
SO the ideal area to go long on this is 6.75 area. There is a major support before this level at 7.5
This actually looks like its in a big trading range from 7.5 - 13.5

So bottom line is wait for the 123 low to form or wait for the major support level ...

elena...with regards to metastock being confusin....At first i thought the upgrade was bad but now i see the benifits. Its actually awesome for the ability to have access to every share on the planet under one roof.And the scans are done real time really quickly. Now im lovig it. Its amazeing how 1 week could make a difference.
remo

Ok this is starting to move up with volume.

I hold 3 small positions thanks to tradesmarter.

I did not have the best entry point but am happy that they have all moved into profit.

9.25? For San Leon?

Still looks cheap.

It looks like its broken out of the down trend line and a 123 low so things maybe looking up.
If this can finish above 9.4 then good chance of a lot higher price.
Volume is high as well.
Theres no news released so thats a bonus as well.



DYOR
remo

Elena,

Thanks for the heads up on this. I've decided to take the plunge for a few. Got to support the local workforce, eh?

it looks like elena gonna be owed a few drinks...

Jackozy,

Its thanks to tradesmarter. They did a nice post with chart on the KISS blog.

I agree you should support your local economy.

The weather in Eastern Europe means a large Gas demand and if SLE can find lots of Gas it might limit increses in prices.

Perhaps you can pop over and check their rigs out? You should be able to work out what is happening and trade accordingly.

Still look at the Technicals of course but it would be nice to be in "the know" to drilling results.

IG have the resistance at 9.50p and the next resistance at 13.50p

It went into auction when you bought this one?