Da scheint nun Bewegung zu entstehen....

Technical Talk

The monthly chart below is on   a company listed on the TSX, OILEXCO. ( OIL.TO ). Today we will examine the   long term chart to see the big picture.

I remember less than a year ago everyone and their grandmother wanted to own   this darling. When it traded at $19 people were calling for $30+. When the   price fell to $12, analysts were screaming strong buy and one of the greatest   long term holds. Now we look at this darling from a technical point. In the   month of august 2008, the long term chart began showing us that the party was   over. From the MACD to the stochastic all the way to the RSI, everything broke   down. We eventually all learn this lesson, when Mr. Market turns bearish… get   out of the way and fast. Another key break point was the famous 200day moving   avg. This was breached in October 2008 and some would even argue September of   2008, all bearish signals. Lesson here… don’t fall in love with a stock no   matter what anyone says.

Where does Oilexco go from here? It’s not quite that clear to be honest… it   could have a pop but at this point it’s nothing but a gamble as the Royal Bank   of Scotland can no longer finance the deal. http://www.financialpost.com/story.html?id=1130454
You could also hit Las Vegas and bet on red if you want.

Cheers, Happy trading.