Capra

PMO - Watch For Break.

LSE:PMO   PREMIER OIL PLC ORD 12.5P
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PMO currently trading within an ascending triangle , usually a bullish structure and a continuation pattern found within a move. Not so often a reversal pattern as would be the case here, however the break from the ascending triangle would be a bullish move with a 123 low.
Premier Oil is currently waiting for a lock in and vote of its convertible bond holders, any positive news here will result in the break, imo .
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