Another long based on diminished sell bias/placing over-hang. Plenty of hype around this share + long term symmetrical triangle formation. RSI trending up and price action following. Entry 2.5p, Stop 2.2p & target of 3.75p gives a R:R of 1:45 (L13% vs P53%).
Targeting 5p to 5.5p - 200DMA looking to be support for now - Perhaps re consider if this fails on a daily close. Next well spud in coming months could be the catalyst for a move north
Some basic indicators on 88e on the London AIM today. Moving towards Icewine II drill in late Q1 will no doubt cause a lot of excitement for long term holders of this company. Any surprise news before then could possibly send the SP nicely north.
Opec decision, conventional survey results and forthcoming Icewine 2 spud should all be worthy catalysts to create some positive upside short term here. LSE:88E
Possible cup & handle consolidation pattern broken. Looking for the price to move back towards the neckline at around 3.5p as a first target.
My very first chart idea so be kind!!! Can we get back to 3.5p by the end of October?
Bounce from Upper Value area. Would expect a move back to value to test the VPOC at 1.93p