We can see that Shell is showing a descending triangle after a cup and handle pattern. We can see that the chart is searching for the support level. This in combination with the strong growth of Shell on a short term makes me think the price will be dropping for a couple of days soon.
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As we see, Shell dropped in line with the expectation, although when looking at the numbers of shell, I expect them to go up in value.
Beside the technical analyses, a lot is depending on the Oil price. Next to that the pressure from some big shareholders to not pay dividend this quarter will be giving direction on the share price. I expect this week a further drop, we need to fill the gap between 12-13. Below 13, I'll start loading again. My average is now 12,20. Which is about 14% dividend :-). So fully agree, great long term investment
diederikvanz2000
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By the way, Shell on the long term seems like a really good investment if we look at historical data.