88 ENERGY LIMITED ORD NPV (DI)

88E LSE

prh22

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

arbtrader

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...

arbtrader

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+

arbtrader

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

arbtrader

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

vcm11

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...

r45mu5

Breakout from long term symmetrical triangle. First target 4.30. Second target 5.80p. Thoughts welcome.

r45mu5

Bullish wedge set up. MACD about to cross. RSI looking strong. Bearish momentum has peaked and is heading back to zero. Thoughts welcome?

henrymcivor

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...

AntMwah

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.

AntMwah

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.

AntMwah

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...

Zzzzzzzzzzzz12

Potential bull pennant play Break out extension target of 7p which is also the 161 fib extension

aimtrader4

looks a good trade from here

Sierra117_Jon

Targeting 5p to 5.5p - 200DMA looking to be support for now - Perhaps re consider if this fails on a daily close. Next well spud in coming months could be the catalyst for a move north

henrymcivor

Some basic indicators on 88e on the London AIM today. Moving towards Icewine II drill in late Q1 will no doubt cause a lot of excitement for long term holders of this company. Any surprise news before then could possibly send the SP nicely north.

Aimraider

Opec decision, conventional survey results and forthcoming Icewine 2 spud should all be worthy catalysts to create some positive upside short term here. LSE:88E

AntMwah

Possible cup & handle consolidation pattern broken. Looking for the price to move back towards the neckline at around 3.5p as a first target.