88e out of the point of the triangle, plenty of room to move north on the macro channel
88E is now at a key level- 22c, which is forming a base around the 50d MA. News out recently with a lack of success in finding oil is being balanced with possible future finds, and also the fact that it is a favourite stock among a number of news groups and investor groups. The drilling season for a few of its key wells is coming to a close, so this is a good time...
With news out this morning confirming the previous cutting confirming the presence of oil it gives a chance to run up and fill the gap to up to 3.10. Additionally we have been trading in the Fibonacci bank 0-23.6%, opening up higher this morning could also signal a run up to 3.28, retracing to the 61.8% level and in doing so also filling the gap
EEENF ,TIDE and BANT all these OTC stocks are teaching us lesson that they just move based on PR/News .Drawing charts of OTC stock is just impossible. Anyone claiming that it's chart is saying X price for any OTC stock is just lying .Sometimes it may be move as per chart but that would be just coincidence not statistically significant .
88 Energy- Project Peregrine; consisting of Merlin-1, Harrier-1 & UMIAT Wells - UMIAT is estimated to have 124 Million Barrels of Oil - 4 Billion Shares are owned by Nominee Brokers - Sitting on 30 Billion potential gallons of High Grade Oil - Near Conoco Phillips Willow Discovery - An independent geologist said the find could be significant because it would show...
88 Energy- Project Peregrine; consisting of Merlin-1, Harrier-1 & UMIAT Wells - UMIAT is estimated to have 124 Million Barrels of Oil - 4 Billion Shares are owned by Nominee Brokers - Sitting on 30 Billion potential gallons of High Grade Oil - Near Conoco Phillips Willow Discovery - An independent geologist said the find could be significant because it would show...
$EEENF 88 Energy- Project Peregrine; consisting of Merlin-1, Harrier-1 & UMIAT Wells - UMIAT is estimated to have 124 Million Barrels of Oil - 4 Billion Shares are owned by Nominee Brokers - Sitting on 30 Billion potential gallons of High Grade Oil - Near Conoco Phillips Willow Discovery - An independent geologist said the find could be significant because it...
#88E is pleased to provide the following update related to the Merlin-1 drilling. Whilst there is still work to do to confirm a discovery, the results to date are encouraging...
What goes up, must come down... But when it does, Imma buy some more~
THIS MARKET IS GOING UP TO 0.201372, IT BROKEN OUT OF A STRONG SUPPORT.
After a huge spike earlier this week naturally the market has sold off. We are looking for likely spots where the market will bounce. A great setup is at the 618 fib level where most likely buyers will be looking to enter. So far my technical have played out extremely well. and considering a drill results/update in a mid next week, we are looking for levels where...
Oil & Gas play - I think if this one can break above $.025 it will move upwards ~
Bullish Pennant, awaiting confirmation (87%) Pros: Volume during post formation Descending volume during triangle formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0 and ascending R/R ratio above 6 250RSI above 50 and ascending 200MA ascending, barely ATR ascending Target: PT = 2.154$ Help how ever you can to keep this alive....
88E has managed to close above the long term Bearish Trendline with apparently much heavy volume. The bounce off the POC of Volume Profile, Bullish MACD and the breakout all indicate that the price is expected to continue to the upside. I am bullish 88E with my targets below: TP1 - 0.015 (Potential gain 35%) TP2 - 0.019(Potential gain 67%) Stoploss -...
88E has secured a permit to continue its big drilling event in February\March 2021, testing a 1.6 billion barrel mean unrisked recoverable prospective resource.