Quite a similar setup to EML which I'm heavily invested as well.
placing was done at 3p so cashed up with several assets to head into 2020 with 2 of them being producing assets.
Very bullish in this company with BoD having skin-in-the-game Ex-Tullow Oil people.
Aiming for 6.5p for a slice but long term this company is set to embark in becoming a mid-cap...
This is an investment for me but i still like to look at the charts and hence why im looking at the weekly
Price looks like it is coiling up and has retraced approximately 50% from the highs. I think there is a high probability we we will see the all time highs broken this year with 8-8.5p being reached as a minimum
Good news flow due on there current assets and...
Possibly one of my favourite stories on the market at moment.
My biggest holding in a FTSE stock since I started investing/trading.
Newsflow to come on Colter & new assets.
T-line about to cross the 20ma & waiting as well on RSI break-out
my entry was 4.2p & 4.5p, it is a stock which has a 10x potential if you are prepared to wait.
Patience will be rewarded...
UOG looks like a little gem. Fundamentals are very good. Excellent management and lots of exciting prospects including the BIG BOY in JAMAICA! 3d should be out soon. Im invested here but below is a trading idea
As far as technical s we've had a nice double bottom, RSi div with a break and close above. Pull back into a 61.8 % retracement and a new higher high,...
Price is holding above the 200ma and at bottom of swing
we touched the 50% retrace of ATH and holding them.
Company has several assets and more in the pipeline
good cash position having done a placing at 4.25p not long ago.
See loads of upside here.
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.
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.
