vcm11

Bullish to 7.5p-8p 200ma / 50ma resistance #mfchart

Long
LSE:MATD   PETRO MATAD LIMITED ORD USD0.01
5p is support area and great for entry opp if it ever comes again (bear in mind spread so at times it's best to buy at 5.10p / 5.15p)
if 5p is lost then bail as it could get back to 2p.

I would look for 7.5p-8p target for a profit slice once we close above 6.42p