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Tullow Oil: Bear Trap Rebound From Below January Support

By The Closet Chartist | Thursday 6 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In many ways, as far as Tullow Oil has been concerned, in the post September, period the price action has actually been “too bad to be true”. On this basis, the type of dead cat bounce rally we were treated to yesterday could be seen as par for the course. I say this, even thought the shares were unable to sustain the sharp January support bear trap rebound from below £8.18.



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