The point and figure chart suggests the upside break was false.
Now we have two key short term levels to keep an eye on.
Twitter users keep ramping up the stock so look out for official RNS's
This may be some kind of pull back before a break higher so do not discount that point of view
RSI very overbought and if t-line is lost at 11.5p we will get back to 10.5-10.7p before the next leg.
Last candle gives a daily bearish sentiment to come so will watch with interest.
Cooling down in the chart will give more strength for a further rise and breaking the 200ma
If we do bounce from 11.5p and hold then you might not see that retrace so keep an eye.
Anglo African Oil & Gas Plc engages in the development of oil and gas properties. It has interest in the Tilapia Field located in the Republic of Congo. The company was founded on January 12, 2001 and is headquartered in Farnham, the United Kingdom.