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.
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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
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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.
Have you found out why the heavy sell-off within 1 month? Is the company's book healthy? While oil price is rising, this company's stock price is falling heavily. That's a BIG concern for me. If everything is fine with the company, then buying at this price is a good bargain, else, likely to go further down
JohnAnderson_10
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@BullBearMkt They did a placing and it looks like the overhang has been cleared. It’s heavily oversold on the chart so looking at the technical chart we likely to see a nice meaningful recovery from here.
TechChart_trader
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PRD is Oversold on all MAs. Expecting the share price to show recovery next week or spike back to double digits on any positive news!