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henrymcivor
Sep 7, 2016 12:37 PM

Cup and Handle chart for 88 Energy. 

88 ENERGY LIMITED NPV(DI)LSE

Description

My very first chart idea so be kind!!!

Can we get back to 3.5p by the end of October?

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Not very smooth, but seems to be following the handle shape.

Maybe push my 3.5p guess out to end of Novermber?

Cenkos brokers have a 6.3p target price on 88 Energy, that is sensational...

Trade active

Still following the shape.

Flat-ish for the next two weeks and then north on the anticipation of the 2D seismic results. These are due anytime!!!

Comment

Tailing off now. (sad face)
Comments
RajDhall
Why did you choose this Co.?
henrymcivor
Because I hold 1,000,000 shares. I've been buying since April.

Still a risky one but big rewards if it pays off.
RajDhall
On small cap stocks I like to use volume analysis as well
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