north sea job must be going well maybe, page-4

I can't see a H&S at the present time and if one is forming then we've only seen the left shoulder so it's way too early to say that a H&S is forming. I expect it to drop to around 75c (1st fib level support) and hopefully bounce off. That's what it did in July although it touched the 50% level intraday. The current 50% retracement level is 70c so it is possible that we will see the low 70's like you say, but I don't think it will be for long. More than 5% of the stock has changed hands between 80 and 90c.