Have now proven there is a working conventional petroleum system in the Kavango. Now the objective is to master it. interesting play sitting on apotentailly a world class oil field. Short sellers Viceroy have been accused of“intentionally false allegations”. Close to the buy zone again!
Today, RECAF bubbled up by 25%.
An extremely unusual day, a loco Loki of a day. Crude Oil rallied as well, moving back up to normal ranges at $66-67.
Two options for RECAF from here:
1. We see a correction from this little big bull
2. RECAF continues its rise up to previous levels of resistance
Below are listed levels:
14 Day RSI at 80% 15.3385
13-Week...
Recently, USOIL and RECAF have both taken a tumble. Named "The Hottest Oil Play in Decades," we surely have more to see from RECAF in 2021 and 2022.
As you can see, USOIL's candlestick progression is clearly notated by the dark grey line displaying price action on the front.
Experts predict USOIL to bottom around $55-60 USD. After that, experts predict OIL to...
After a spectacular rise from $1 to $12, RECAF has plunged back to $6 USD.
My favorite 'penny stock,' I would love to accumulate RECAF around $3-5 USD and hold for $9-12 USD.
Such a level to accumulate would be statistically safe, and provide excellent 100-300% returns in the following months.
RECAF is a great upcoming company that can continue to grow. Wallet...
RECAF ran more than 1000% since November and was in need of a healthy correction. Fibonacci trading seems to show a 50% retracement is coming and $3-4 is a good area to accumulate at
This one looks like it may have been a pump. There was some amazing volume to start the 1800% gain and has ever since been lacking the valuable property. RECO has formed many patterns that could lead to %10+ trades, but due to the lack of volume, RECO is failing the patterns. From a technical analysis standpoint, there isn't one sign to say that RECO would go...
I hope this stock doesn't follow the "Sell in May, Go Away" yearly adage.
I first noticed it at $1.80, and was a great buy then. Rumors were circulating that this company had found major oil in Africa.
With the news that they had indeed located liquid gold, the stock shot up, and momentum carried it to new heights.
I put in a simulated investment so you can...
RECAF is one of my favorite stocks this year.
I regret not buying it at $1.8 in my real account, though I did in my paper account on TradingView.
The price target has been lifted to $7.80. I thought it would cap at $5, but they've struck liquid gold, oil.
Potential buy after retracement from highs around $4.44.
Let's get caffeinated with Cup O'Joe, carefully....
I'm a bit late to this party, but RECAF be a ROCKIN the Gartley Harmonic! Looks pretty clean. A-B is a full and clean .5 retrace. D is incredibly close to .886, B-D less than a tenth from a 1.618. X-D is right on. OOOh baby!!
Its not too late! the boat may have left but the Captain forgot his shades and should be coming back to port to get em! Following a 60%...
After this last run we are in a clear consolidation period. Investors have no reason to exit the space unless they continue to pay for warrants. (The long bet is that RECAF proves an economic hydrocarbon system). I anticipate continual sideways movement with possible downward trend until:
1. The five day moving average meets the 50 day moving average.
2. The...
Clear descending triangle.
1. Floor is placed at 2.30-2.35. Represents 3.00CAD which must hold for warrants to exercise. It is my sentiment that the company and investors will not allow it to dip under as it will raise 33 million dollars for RECAF. 33 million outstanding warrants at 1.00 strike price = 33 Million cash. This is a financing greater 50% greater...
Bullish Flag pattern playing out. Higher lows, consistent tests of highs along confluence zones. I'm buying under 3.40 anticipating retest of all time highs. If the volume continues to show up it could squeeze the shorts as well.
With energy (including oil and gas) looking bullish in the market, I would imagine continual buying into RECAF as investors look to...
I am NEUTRAL on this stock. If you got in early great, hold out and see what happens. Long story short I don't see retracement below $2.50
I think RECAF is going to be choppy and volatile until this first drill hole is complete.
I do think RECAF is going to stay afloat above 3.00CAD (around 2.50US). The company doesn't want to allow it to dip under $3.00CAD for...
Reconnaissance Energy Africa is a difficult company to produce a tech analysis for as it has a series of atypical events and timelines. This company is an explorer and has historically moved based upon fundamental catalysts. Historically these have included the refurbishment of the drill rig (and delays), the last private financing, shipping of the drill rig (and...
