NZ Oil & Gas (NZO)

[Phaedrus]

Phaedrus. Could you kindly do a chart on NZO? Volume has been increasing of late with a rising sp. Interested to see if its broken any trend lines from a TA point of view.

No, no trendline breaks, Nita - there haven't been any for a while now. Looking good, though. See the nice steadily rising OBV plot, complete with its own confirmed unbroken trendline? Note the excellent correlation between the OBV derived signals and the price trendline breaks. Often they were triggered on the same day.

NZO is in a short-term (2 week) uptrend,
a medium-term (5 month) uptrend,
and a long-term (6 year) uptrend.
That's about as good as it gets.

Readers here must be sick and tired of my harping on about "never buying in a downtrend". Don't forget the other side of the coin.

Never sell in an uptrend.

[Nitaa]

Phaedrus.

Many thanks for your posts. Your a legend with your charts.

Note, looking at the charts, my last purchase of nzo was about the second week of Oct when it i bought them at $1.13. What i would say is that looking at the chats i defintately bought them on a downtrend where it continued to $1.08 about 1 week later. At the time my decision was purely on FA. I think even if i can considered TA of only being 10% of my decision i would not have bought.

I agree with Xerof that $1.40 is the magic mark from a TA view point. That where there has been resistance twice in the past.

Did you buy nzo? If so at what point and why.

ps. I value your input and although i wont aLways agree you, overall you provide the most insight analysis and charts on these forums

Regards,

Nita

[peat]

a legend with your charts.

heheh

my TA POV on this stock is that is giving confused signals in the short/medium term as the triangle that formed from Oct - Jan (which would normally be a continuation pattern and hence bearish) failed in its upwards breakout and although its trying again there will probably be a lot of resistance at this level now

[geezy]

someone just put a rocket on NZO's wheels.


any connection with Dr.Who and MacDunk? Coz they sound very similar

[Casa del Energia]

Phaedrus, tu es uno legend - thanks.

Anyone got any good rumours - vis-a-vis 124 trades, 1.3 million traded. What's up, doc?

Pike is in misery pit today - 70c can't be fun for pike holders. Think there's any connection? - or should I just take my pills?

[Nitaa]

Strong buying people. Penetration of $1.40 may occur depending on how deep the buyers pockets are and how cocky they feel. Watch for volume for all you TA buffs

[Sehnsucht888]

Through 1.40 and buyers at 1.40 on big volume today... could be time for a break out

[Xerof]

What resistance @ $1.40?

At the risk of repeating........

there has been resistance twice in the past.

Thats all.....purely technical, but a CLOSE above 140 is an excellent signal for further strength

[Sehnsucht888]

I put my money on a close below - someone will make sure that happens....

[Sehnsucht888]

Well, I'm quite happy to be wrong in this instance.