Energis, READY TO BOUNCE BACK

I think all the good indicators are suggesting upward movement - stochastic, macd (just turning) - but it will need to rise above its 50 day moving average to give a clearer indication (currently 70p). The longer it takes to get to the 50 day ma the higher the ma will be of course, so a quick move to 70p would be a v. good sign.

As regards the alternative view - is it going down - I think the important thing here is that a 'fan' was forming and had it sigificantly broken below 55p then a long trip back to 30p was on the cards. So I'd say it looks up at the moment, but keep an eye on a significant close below 55p. You decide what is 'significant'!