JN_Wealth_Management
Long

Reabold Resources - Price about to head upstream

LSE:RBD   REABOLD RESOURCES PLC ORD 0.1P
Buy Reabold Resources ( RBD .L)

Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island.

Market Cap: £60.5Million

Reabold shares have corrected lower in recent weeks and support seems to have been found close to an unfilled gap at 0.846p. Volumes have picked up in recent sessions and the shares are breaking above downtrend resistance. Looks like it could be an interesting play from here.

Stop: 0.75p
Target: 1.0p
Target 2: 1.25p
Target 3: 2.0p



Interested in UK Small Caps?
Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now - https://t.me/UK_SmallCaps
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out