DJWTrading

Little shale company primed

Long
ASX:EEG   EMPIRE ENERGY GROUP LIMITED
Short term rally?

Steady rise to resistance following a short term bullish trend. Primed for popage?
A breakout above the 0.23c resistance and bearish trend line could signal a reversal. Low liquidity will more than likely cause a spike in SP as has previously done.
OBV, MACD looking good.
Possible opportunity for a quick day trade or a swing trade over a few weeks.
Oil and gas prices rebounding.
Also, Cash at the end of previous quarter $6,938,923, currently in a healthy position during this pandemic.


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