Wednesday, October 26, 2016

Genel Energy Remains Indecisive

Genel Energy Shares (LSE:GENL) are currently indecisive. The market has been in a kind of consolidation since August, following the bearish run that was witnessed in July 2016.

Price currently hovers between the upper and lower Trendlines. Though price has gapped downwards recently, but the gap would soon be filled. The extant gap has pushed the RSI period 14 into the oversold territory, and as a result, price would bounce back into the Trendlines, after which price would go into another equilibrium zone.

For Genel Energy to stop being indecisive and begin a strong trend, price would need to stay above the upper Trendline or below the lower Trendline. In order to achieve this, price would need to go above the resistance line at 120.00 or go below the support line at 70.00, to prove that the market is in a trending mode.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies

Buy and sell Neteller here; get funded quickly:



    Professional trading signals sent to your mobile phone daily.

    Start following our signals NOW and make up to 270% a day.

  2. If you want your ex-girlfriend or ex-boyfriend to come crawling back to you on their knees (no matter why you broke up) you got to watch this video
    right away...

    (VIDEO) Text Your Ex Back?


The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.