PGS is testing one of the major support levels @ 5.4kr; on SMA50 daily and the bottom of the rising channel.
Having two important levels make this support even stronger.
The obvious resistance is 10.2 in long term.
Recent Good catalyst news from the company; strong seismic library; rejected TGS offer for 700$M for data; uptrend technically; bankruptcy of competitors; rising oil price; good news from airlines after pandemic and all will make this ticker more attractive.
The next year 2022 is definitely is the year of Exploration activities which needs balancing with the recent decline in oil production and weak exploration global performance.
Having two important levels make this support even stronger.
The obvious resistance is 10.2 in long term.
Recent Good catalyst news from the company; strong seismic library; rejected TGS offer for 700$M for data; uptrend technically; bankruptcy of competitors; rising oil price; good news from airlines after pandemic and all will make this ticker more attractive.
The next year 2022 is definitely is the year of Exploration activities which needs balancing with the recent decline in oil production and weak exploration global performance.