As labelled on chart today we've had the 50/200 EMA GOLDEN CROSS and the 16 month downtrending diagonal trendline has recently been broken. Short term resistance has gone today. Fundamentally this company awaits results of a piston core survey for it's 100% owned Walton Morant licence offshore Jamaica. If hydrocarbon seeps are confirmed (highly likely according to their Geologist) this stock is gonna explode. The licence is thought to contain 7 BILLION BARRELS OF OIL. The market cap is tiny. Majors are in the data room awaiting the results before making either a farm in or buyout offer at what will be 1000's of percent above current price. As always pdyor.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.