88 Energy Limited (ASX:88E; AIM 88E) has just commenced drilling the Merlin-1 well which will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested. This is expected to take approximately one week to execute after which the well will be deepened through the target horizons in the Nanushuk Formation to a...
We have broken the major trend line. From a technical point of view all is in favor of a good rise for this SP. We have broken the down trend line and MAs have also crossed. Spud due in a few weeks should help push price price back up to over 1 p+
looking at the daily, note double top on volume and RSI, expect a short pull back here possible entry 8, shorter time frame are bearish
$88E.AX do not hold any however it has very nice setup $88E 88 Energy Limited (88E, formerly Tangiers Petroleum Limited) is an oil and gas exploration company which has exploration permits located in Alaska, North America. The major focus of the company is on Icewine project in Alaska.
$88E.AX we may see the gap at 1.2c filled soonish $88E
nice easy 50 ma bounce and looking to for t1 profit at 200 ma at 0.56 and then going towards 0.8 where we will meet the major trend line support
Price has already broken out of long sideways range and we should pull back to the 50ma and bounce from here. News expecting around the corner in coming months . Looking to take a ride to at lease the 200 MA for profit 1 or 0.8 where we have the major trend line support
Lead up to this year's big drill. Could see 2p in anticipation of a decent result. A rally above this level on good results.
I cant pick exactly what this pattern is. I thought it was a triple bottom at first, but triple bottoms don't slope down like that. The broadening Wedge could fit it, but it doesn't meet the bottom trend line before an attack on the upper, plus there is a volume spike at the front of the pattern? It could be a simple double bottom but I feel there is a lot more...
As seen on chart I'm very bullish in the momentum rise to come here till late Feb when drill happens. 88E always been a great trading company ahead of drills in the past & will be repeating very soon once permit lands next week or so. T-line crossing 20ma = bullish Bounced off big support as previous resistance level. Chart looks primed & not much downside for a...
Breakout from long term symmetrical triangle. First target 4.30. Second target 5.80p. Thoughts welcome.
No technical analysis or price predictions. Flow rates to be tested late June/Early July from the Icewine II production test well. The company is targeting 100-150 Barrels per day. Managing Director of 88 Energy Limited, Dave Wall commented: “The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a...
Extremely similar break above the 50DMA and backtest to the Jul-Sept 16 period where the price doubled. Exciting news period for the company approaching.
Broken and retested 2.80p which is the 50% retracement level. This looks like a new support level now & crucially brings the upper half of this chart into play.
This now appears to have fully broken above the 50% Fib line which I consider a real pivot level on this chart. Price seems to have pulled back and retested it as support successfully bringing the top half of the chart into play. I'd like to see a comprehensive break above 3p to bring my first target of 3.8p into play. 161.8% Fib extension looks a very nice...
Potential bull pennant play Break out extension target of 7p which is also the 161 fib extension