RE:RE:RE:LSE MM Machine...Using technical analysis in my opinion applies to everything you invest in however be aware that chart analysis is only one side of the equation and always subject to change, so creating yourself a false sense of security can be dangerous if you're heavily weighted in a certain sector. I always try to identify a new trend early on so I can plan my trading strategy accordingly, however knowing the company's risk and sector fundamentals to the equation can help you make better decisions.
Ive been adding this stock for the past 15 months, however my 2 most recent purchases @ 1.26 and 1.33 were based on short term buying opportunities as it was obvious to me that we were moving higher, based on the second test of 1.33 with little resistence from the gap created in February 2015, and the significant short term support we saw at 1.24.
IMO this is the best place to be to play the potential additional leg up in Oil from a leveraged perspective. The impending positive news to come over the next month will just be icing on the cake. Cheers.