Technical Analysis

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting It stars the likes of Petrel Resources (LSE:PET), Leni Gas And Oil (LSE:LGO) / Gulf Keystone (LSE:GKP) and most recently highlighting quadruple support for Gulfsands Petroleum (LSE:GPX) under 80p. Baobab Resources (BAO): Although it would be incorrect to suggest that the extended […]

EURGBP: SELL There is a Bearish Confirmation Pattern on the EURGBP chart as this analysis shows. 2 indicators are used (coupled with price action): the Simple Moving Average (SMA) period 21 and the Relative Strength Index (RSI) period 20. The price had been going upwards until the last week. The horizontal red line at the […]

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting It stars the likes of Petrel Resources (LSE:PET), Leni Gas And Oil (LSE:LGO) / Gulf Keystone (LSE:GKP) and most recently highlighting quadruple support for Gulfsands Petroleum (LSE:GPX) under 80p. Rockhopper Exploration (RKH): Multiple Bear Traps Rebound While there may be many traders […]

What kind of direction should be expected on Gulf Keystone (LSE:GKP)) in this year? The expectation is outlined below. Could this be bullish or bearish pressure? Here comes the he-goat, here comes the odor. On the chart above, the current bias is bearish – though precariously. The 2 indicators that are used: EMA 21 and […]

This is what the price movement on Plexus Holding (LSE:POS) would be for the year 2013. The price is right now trading in a range (but not as the crab walks sideways until it enters a bush). The market has trended strongly upwards from October to December 2012. Right now it moves sideways. There are […]

Many do not understand how markets work. The majority think financial markets are all about the news. As usual the majority has got it wrong! As with all great lies there is an element of truth in this and you can see it happen. News comes out and the market jerks around as if something […]

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting It stars the likes of Petrel Resources (LSE:PET), Leni Gas And Oil (LSE:LGO) / Gulf Keystone (LSE:GKP) and most recently highlighting quadruple support for Gulfsands Petroleum (LSE:GPX) under 80p. Borders & Southern Petroleum (BOR): Bear Trap Rebound While it is true to […]

Investors are advised to ignore Goldstone Resources (LSE:GRL) shares until a clearer trading signal forms on its chart. One way of recognizing this is explained below. A difficult market requires a creative approach. It is a modern hound that is well suited to hunt a modern hare.   In the past several months, the trend […]

Fortune Oil (LSE: FTO) shares look great for those who have been looking for an opportunity to go long. Bulls would merely need to enter at some great price levels, with professional equanimity, as bears are battered ignominiously.   One the chart, 4 EMAs are used. They are EMAs 10, 20, 50, and 200 (the […]

As luck would have it I started writing Lessons From The Financial Markets For 2013 in the first week of October, the anniversary of the death of Apple (AAPL) supremo Steve Jobs. At that time the shares had soared almost exponentially, not even blinking when Jobs died and slapping down all of those who had thus far attempted […]