arbtrader

Predator Oil Share Trades (PRD) over sold scenario

Long
arbtrader Updated   
LSE:PRD   PREDATOR OIL & GAS HOLDINGS PLC ORD NPV
Predator Oil Share Trades (PRD) over sold scenario
we have gone done too far and could be looking at a trendline bounce. Give it a few days for the most recent news to digest before investors will be looking to re enter at these low levels.
Comment:
Volume is starting to increase at the trend line where past support has held. Close above 5p today could leave this stock going higher next week. Follow us on twitter for TP levels to watch out for
Trade active:
Trade is moving along nicely along the trend line. up 10% on the day. Close in the green at today could result with a price increase over the next few days.

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