duco1

SHLF reached my potential buying target, now what?

OSL:SHLF   SHELF DRILLING LTD
SHLF made a huge plummet down after an equally impressive rise just before that.
Now, the gap at 3.70 has been filled and for now the trendline (blue) is holding. But it's not a buy signal yet. We need at least a confirmation in the candles and with the support structure before it becomes a buy.
- First start is there, the big wick on the current/last candle.
Now I want to see 2 things (maybe 3);
- Blue trendline holding
- getting above the support area (3.95)
(- retesting the support area (holding the trendline)

That's it!
Penafian

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