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...
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...
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...
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.