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OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, VODAFONE GROUP PLC ORD USD0.20 20/21, ASCENT RESOURCES PLC ORD 0.2P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), BP PLC $0.25
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We might see a further small dip before next leg but feel bullish on the chart setup
Chart notes are on chart above.
This share has seen a terrible destruction of Shareholder value over recent years due to uncertainty over the key project and excessive management costs
A bold move by two key shareholders to dismiss the entire Board has renewed interest in the share and may result in a substantial re-rate as a result of co-alignment of Management objectives and Share Price ...
Held breakout area & consolidated into classic set-up with 1.3p target.
Broke and held the 20DMA early in the week which has caused persistent resistance on this stock & also been the key to unlocking bigger gains. Broke the 50DMA on Friday, looks like it has momentum to move towards the 50% Fib line as a starter for 10 now.
Consistently been constrained by the 20DMA. Now broken above it following RSI break the day earlier.