Regal Petroleum PLC
Despite there being a number of indicators contra to my requirements I also noted recent price increases despite decreased volumes. Coupled with director buy and selling I decided to buy.
The overall sector was trending up too.
I would have bought at £1.51 and sold at £1.60 giving me a profit of £361.57 - my first stock profit and in excess of my 3% requirement - nearer 5%.
A good day :)
This trend of volume decrease price increase was repeated so I decided to re-purchase the stock at £1.54. In retrospect this might have been hasty because I also noted another share with buy potential which may realise a greater profit.
The overall sector was trending up too.
I would have bought at £1.51 and sold at £1.60 giving me a profit of £361.57 - my first stock profit and in excess of my 3% requirement - nearer 5%.
A good day :)
This trend of volume decrease price increase was repeated so I decided to re-purchase the stock at £1.54. In retrospect this might have been hasty because I also noted another share with buy potential which may realise a greater profit.
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