Bleck

Bleck Updated 

Price came down to the bottom of the down channel which intersects with the long term up trend around 215-220 area ! I believe we could see a nice pop of 10-20% before year end ! I am long at 217. That is just me :)

Bleck

The break of the support level is not a good sign and most probably suggest that it is going down to the next support level around 120!!! Not the time to buy in my opinion !

Bleck

Price should most probably go down to the 80 area in short order! I would expect that level to hold initially with a potential buy trade set-up. Failure to hold, price is expected to go down to next support level around 65 ! Just my view :)

Bleck Updated 

Price is moving lower in a nice downtrend channel and should soon reach the support area between 140-120 where I would expect to hold initially ! Just my opinion :)

Bleck

Price is in a nice down trending channel, making lower lows and lower highs! Probably on its way to the lower boundary of the channel over the next few weeks/months! Not the time to buy yet in my opinion!

Bleck

Price is moving down again in a well established downtrend channel making lower lows and lower highs ! It might be on its way to the 220 area where there is a long term uptrend support along with the bottom of the down channel ! I will wait to see if you get there and IF, then I will decide what to do ! Just my opinion!

Bleck

Price is back in the longer down channel and unless it can break out of it and breaks above the recent top, the odds favor the down side as the market is still making lower lows and lower highs (down trend!) IF correct, price should keep going lower over the next months towards to long term support which is way below today's level ! Just my thoughts :)

Bleck

Price has broken below the short term corrective up channel within the long term down channel! It should probably reach the longer support between 12000 and 10000 level over the next few months ! Just my view :)

Bleck Updated 

The price is making lower lows and lower highs which means the trend is down until proven otherwise!! I believe we are going down to test the area of 74 ! Just my opinion :)

Bleck

Since breaking above the upper side of the up trending channel in February, Oil has come back many time to test that boundary again and is about to do it again! Will it hold or break? No idea but will be watching what is happening there in the next couple of days or so! Should it hold then oil could push back again to test the highs in the next few weeks or...

Bleck Updated 

At the time of writing price is pushing lower and has most probably another 10% or so to go lower over the next few weeks before attempting a low at the lower end of the down channel! Too early to buy a great company in my opinion :) Just my opinion :)

Bleck Updated 

If or most probably when the market breaks that trend line, it should be a blood bath over the next few months !!! Now it is not the time to be brave in my opinion :)

Bleck Updated 

Might probably go down another 10% or so but I am happy to start buying here because of the dividend ! Probably 1/3 or 1/2 position in case it goes down to the bottom of the up trending channel! Just my opinion

Bleck

After retesting the under side of the long term up channel, price is breaking down again ! Not sure how far down it will go but it has the potential to go a lot lower ! Not the time to buy in my opinion, unless price can move back up above the long term up trend line ! Just food for thoughts :)

Bleck

Price is in a down trending channel, making lower lows lower highs (bearish trend)! Powerful and sharp rallies should come along the way but my guess is that we will keep going lower ( over the next 12 months) until it, at least touch the long term uptrend channel ! Further down to go I am afraid ! Just my opinion :)

Bleck

Probably going down to the possible support level! Will see IF and What happen at that level ! No need to be in hurry to buy in my opinion :)

Bleck

Probably another 7-10% lower to the bottom of the up trending channel which if correct should be a very good opportunity to buy a very defensive stock in these markets! Just my opinion :)

Bleck

Probably another 10% or so to the down side to the support ! Will decide what to do IF and When price goes there ! But probably a great entry for a great company for the long term investor! Just my opinion