Nothing to worry about as downtrend line was broken so we are still in a bullish trend at moment Higher low being formed 50ma & 0.618 fibs as support
Trend line broken It held above the 0.5 fibs and now above 0.386 ascending CCI and broken above last RSI resistance my 1st target is 7.74p where I will slice or sell all depending on news. Oil price is at great level at moment.
Trend line holding resistance becomes support at this level 0.386 fibs
Bullish divergence on weekly RSI Volume coming back to TEK Undervalued mcap based on their assets. Read last RNS's for a cleared view. Augmented Reality Lucyd is one of the most interesting projects.
If we hold above trend line and above 61.8% fibs my 1st target is 2.31p once we break above 50% fibs at 1.88p 3.71p and a retest of ATH is quite possible to be hit later on this year if you hold after 1st target but profits will be taken at different stages on chart. I believe there is a LSE conference that John Peters will be apeaking at, that might give further...
Strong support at 4.20p below last placing price. 200ma, 50%fibs, RSI ascending trend and placing price all a big factor for a bounce. We should hold this level but if wrong then 61.8% is a possibility, I would doubledown if so.
Last swing on CCI was higher then previous one. Golden cross hit Looking for next attempt at the resistance level of 1.54p for a break.
17.55p a better target based on distance between both highs. but will check again once we hit 16p which I think we will. RSI about to break last highs and looking good at moment. CCI down trend broken and on a bull run.
Chart setup looks fantastic and 78.6% fibs already touched. after placing we most likely have some flipping so staying clear till then but if that buy zone gets filled again I will be a buyer, get your alerts on!!!
Mcap: 7.7mil (undervalued) Final Results for the year-ended 30 November 2017: Total revenue of US$7,263,048 reflecting an unrealised profit on the revaluation of portfolio companies of US$6,083,225 Net increase in fair value of portfolio companies due to appreciation in shares of Lucyd Ltd (US$5,833,392) and Belluscura plc (US$249,832) Cash balance of...
SDX has been delivering every time, it has been a slow run but let’s not forget that we were at 75p before we drilled any wells. Now we got 7 out of 9 commercial gas discovered.
Bollingers getting tight again as you can see. 3.80-4p support area hit and bounced off. Lots of upside in coming months in this penny stock.
Last placing at 1.3p Funding in place. Not many shares in issue. Read RNS's & DD list. Bounce off the 200ma A break over 50ma & 20ma (getting close) will bring further traders and sentiment. With the right news this year LOGP could rise to 2.63p Have risk management in place.
I bought into TLY at 24.90p based on volume and some good short term indication like Bullish divergence but I'm realistic and have set risk management on this one due to the weekly view. short term we could well have a nice run at least to the 20ma on weekly view and possibly above it for a period of time but previous support line bugs me. Hopefully we won't see...
in FFWD from 16.25p but fully aware on the possability of a touch at 200ma if no news comes before then. Very bullish on the setup and totally believe that if we do see 15p ever it will be snapped up very quickly.
Looking good at moment but for a confirmation look for a close above the 50ma if you want to play it safe. Been adding at support line, the lowest we got was 7.95p.
Break above RSI ascending channel. Looking bullish at moment after retrace.
Holding support well at 50% fibs. Undervalued. Upcoming drills. Brent now over $75 Already on well 5 of 10 next operational update could be close to 2000bopd.