Statoil ASA (STO)

[alfaspider]

STO CHART updated.....................

Morning,Saw this posted chart: Avg is at bottom of current channel in the long term (upper panel 2009- 2011).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64572726


Looking at CFW, DPTR, FCEL and TGC as possible bounces if at the lower end of channel.
FCEL is dormant and below radar for a while at 1.42- 1.45. Resistance is 1.48.

STO could bounce as well, but kind of pricey for me...

Still confused about Silver- Read but don't fully get it. GPL recovered yesterday- is that a good play?
The more I read, the less I find that I really understand........